How Long to Read Estimating the Demand for Reserve Assets Across Diverse Groups

How Long Does it Take to Read Estimating the Demand for Reserve Assets Across Diverse Groups?

It takes the average reader and 48 minutes to read Estimating the Demand for Reserve Assets Across Diverse Groups by Ms.Rina Bhattacharya

Assuming a reading speed of 250 words per minute. Learn more

Description

This paper takes a fresh look at the determinants of reserves holding with the aim of highlighting similarities and differences in the motives for holding reserves among emerging markets (EMs), advanced economies (AEs), and low-income countries (LICs). We apply two panel estimation techniques: fixed effects (FE) and common correlated effects pooled mean group (CCEPMG). FE regression results suggest that precautionary savings motives, both current account- and capital account-related, are generally the most important determinants of reserves holding across country groups and that their importance has increased for AEs and LICs since the global financial crisis while receding for EMs. Mercantilist motives matter mostly for EMs. Intertemporal motives have been gaining importance everywhere over time. The CCEPMG results confirm the importance of precautionary motives and suggest that current account motives matter only for EMs and LICs and capital account motives matter for all groups while being more important for EMs in both the shortand long runs. The CCEPMG results also point to the importance of taking into account unobserved common factors that affect coefficient estimates and the dynamic process through which reserves adjust to changes. At about 0.6, the speed of adjustment to the long-run equilibrium implies that more than half of the gap between actual and desired reserve holdings is closed within a year.

How long is Estimating the Demand for Reserve Assets Across Diverse Groups?

Estimating the Demand for Reserve Assets Across Diverse Groups by Ms.Rina Bhattacharya is 47 pages long, and a total of 12,079 words.

This makes it 16% the length of the average book. It also has 15% more words than the average book.

How Long Does it Take to Read Estimating the Demand for Reserve Assets Across Diverse Groups Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 6 minutes to read Estimating the Demand for Reserve Assets Across Diverse Groups aloud.

What Reading Level is Estimating the Demand for Reserve Assets Across Diverse Groups?

Estimating the Demand for Reserve Assets Across Diverse Groups is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

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