Nor, Eliza; Azali, M.; Law, Siong Hook - In: American Journal of Finance and Accounting 1 (2009) 3, pp. 297-311
This paper examines the demand for international reserves in nine East Asian economies during the period 1970-2005 using panel cointegration and Fully Modified Ordinary Least Squares (FMOLS). The panel cointegration tests find the existence of a long-run relationship between the demand for...
