Determinants of Holding International Reserves: Evidence from Meta-Regression Analysis

Mariia Chebanova, Olha Havrylyshyn, Anastasiya Ivanova and Vladyslav Shovkovyi ()
Additional contact information
Vladyslav Shovkovyi: Kyiv School of Economics

Modern Economic Studies, 2019, vol. 2, issue 1, 12-23

Abstract: Traditionally, gold and currency reserves are seen as one of the key elements in protecting the economy from external shocks and their accumulation is largely perceived as an insurance against the risk of these negative (in terms of the effect on the economy) shocks occurring. Optimization of reserves is of great economic importance, since their understatement worsens a country’s solvency on the world market and limits the regulatory capabilities of the state while the opposite situation leads to the freezing of a significant part of the national wealth for a long period, which means missing the potential of its possible investment (opportunity cost) Our study tries to systemize existing evidence on the main determinants of international reserves and ascertain the significance of their effect.

Keywords: international reserves; shocks; meta-regression analysis (search for similar items in EconPapers)
JEL-codes: C12 C83 E58 F41 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://repec.kse.org.ua/pdf/mes/v2_n3_Chebanova_Ha ... va_Shovkovyi_ENG.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kse:modern:v:2:y:2019:i:1:p:12-23

Access Statistics for this article

More articles in Modern Economic Studies from Kyiv School of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Iryna Sobetska ().