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International Reserves held by developing countries including India have increased with a fast pace during last decade …. Our study provides briefly the influencing factor of international reserves in case of India. The study takes in the areas … trade openness in India. Our findings denotes that accumulation of international reserves is essential for Indian economy as …
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bank intervention ; foreign exchange dealers ; India …
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The share of U.S. dollar assets in the official foreign exchange reserve portfolios of central banks is sometimes taken as an indicator of dollar status. We show that the observed decline in the aggregate share of U.S. dollar assets does not stem from a systematic shift in currency preferences...
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This paper produces the first cross-country evidence on the relationship between the size of foreign exchange reserves and local currency internationalization using a sample of Switzerland, Japan and the UK. It finds that a high ratio of foreign exchange reserves to international reserves has a...
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Central banks in developing countries, wanting to devalue the domestic currency, usually intervene in the foreign exchange market by buying up foreign currency using domestic money-often backing this up with sterilization to counter inflationary pressures. Such interventions are usually...
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