Reserves and risk: Evidence from China
Rasmus Fatum,
Takahiro Hattori and
Yohei Yamamoto
Journal of International Money and Finance, 2023, vol. 134, issue C
Abstract:
We consider if Chinese accumulation of reserves is associated with private sector risk taking. Using sovereign credit default swap spreads and stock index prices as indicators of risk taking we provide evidence to suggest that as reserve holdings increase, so does the willingness to take on more risk.
Keywords: International reserves; Risk taking; China (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jimfin:v:134:y:2023:i:c:s0261560623000451
DOI: 10.1016/j.jimonfin.2023.102844
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