Foreign Exchange Reserves, Monetary Policy and Inflation: an Empirical Study from China

2013 ◽  
Vol 5 (4) ◽  
pp. 920-927
Author(s):  
Li Zhou ◽  
Ning Zhang ◽  
Qingyi Chen
Keyword(s):  
Monetary Policy ◽  
Empirical Study ◽  
Foreign Exchange ◽  
Foreign Exchange Reserves

MÜASİR ŞƏRAİTDƏ AZƏRBAYCANIN VALYUTA SİYASƏTİNİN TƏKMİLLƏŞDİRİLMƏSİ VƏZİFƏLƏRİ VƏ İSTİQAMƏTLƏRİ

2020 ◽  
Vol 54 (05) ◽  
pp. 122-125
Author(s):  
Kamil Sayavush Demirli ◽  
Keyword(s):  
Monetary Policy ◽  
Key Words ◽  
Foreign Exchange ◽  
Oil And Gas ◽  
Balance Of Payments ◽  
International Capital ◽  
Foreign Exchange Reserves ◽  
Commodity Trade ◽  
Transit Service ◽  
Gas Balance

Key words: monetary policy, commodity trade foreign exchange reserves, balance of payments, oil and gas, balance, transportation, transit service, international, capital, perspective

Gold and Foreign Exchange Reserves: History, Definition, Composition and Modern Functions

2015 ◽  
pp. 86-105 ◽  
Author(s):  
S. Narkevich
Keyword(s):  
Monetary Policy ◽  
Foreign Exchange ◽  
Balance Of Payments ◽  
Foreign Exchange Reserves ◽  
Oriented Growth ◽  
The World ◽  
Macroeconomic Stability

The article deals with the concept of gold and foreign exchange reserves and the role they play in the present-day economy. Recently the stock of foreign exchange reserves accumulated across the world has grown substantially. In many cases it was connected with the functions they play in the current monetary policy. Possibilities to use such reserves to counter balance of payments shocks or for achieving export-oriented growth make them an important macroeconomic stability tool.

Reserve Bank of India

2017 ◽  
Author(s):  
Errol D’Souza
Keyword(s):  
Monetary Policy ◽  
Foreign Exchange ◽  
Debt Management ◽  
Investment Fund ◽  
Foreign Exchange Reserves ◽  
Macroprudential Policy ◽  
Monetary Policy Committee ◽  
Reserve Bank ◽  
Set Up ◽  
National Investment

The RBI was set up to conduct monetary policy, manage public debt and foreign exchange reserves, act as the government’s banker, and support the development of markets and financial institutions. This chapter reviews how the institution has fared on these various dimensions. It begins by examining the appointment process for the Governor and the monetary policy committee. Next, it assesses the importance of an independent debt management agency and consistency between debt management and monetary policy. The connection between monetary policy and macroprudential policy is discussed next. Large foreign exchange reserves may be viewed by government at some time as a source for a national investment fund. This requires the RBI to engage with government and to define the objective of reserves management. The RBI’s actions to improve the resilience of financial markets and its involvement with social and distributional goals of directing credit towards priority activities are also evaluated.

scholarly journals Determinants of foreign exchange reserves in Serbia and North Macedonia

2020 ◽  
Vol 65 (226) ◽  
pp. 103-120
Author(s):  
Mile Bosnjak ◽  
Vlatka Bilas ◽  
Gordana Kordic
Keyword(s):  
Monetary Policy ◽  
Quantile Regression ◽  
Foreign Exchange ◽  
Economic Fluctuations ◽  
Foreign Exchange Reserves ◽  
Quarterly Data ◽  
Regression Approach

This paper employs a quantile regression approach to explore the determinants and properties of international foreign exchange reserves in Serbia and North Macedonia, at various foreign exchange levels. The observed period covers quarterly data for 2005q1-2019q1. The results reveal quantile-dependent determinants of foreign exchange reserves and enable comparison between the two countries, showing co-movements between monetary policy and economic fluctuations. Following the estimates obtained in this research, the paper compares the role of foreign exchange reserves in Serbia and North Macedonia.

scholarly journals OPTIMAL LEVEL OF FOREIGN RESERVES – EXAMPLE OF BOSNIA AND HERZEGOVINA

2014 ◽  
Vol 1 (9) ◽  
pp. 107
Author(s):  
Tijana Šoja
Keyword(s):  
Monetary Policy ◽  
Exchange Rate ◽  
Foreign Exchange ◽  
Optimal Level ◽  
Exchange Rate Policy ◽  
Foreign Exchange Reserves ◽  
Foreign Reserves ◽  
Special Review ◽  
Rate Policy ◽  
The Impact

The paper points to the conceptualdefinition of foreign exchange reserves, the role,importance and objectives for holding foreignexchange reserves as well as evaluating the requiredamount of foreign exchange reserves, or adequacy offoreign exchange reserves. Foreign exchangereserves are important assets in each country andthey are significantly affected by monetary policy,exchange rate policy or regulation and externalinstability and the impact of the crisis that may comefrom the environment. This paper presents a simpleway of estimates of adequacy and optimality offoreign exchange reserves, which are basis for theanalysis of foreign exchange reserves, as well as inthe construction of statistical and mathematicalmodels that detail the optimal level of internationalreserves. Special review was paid to the assessmentof the adequacy of foreign exchange reserves ofBosnia and Herzegovina, and the Central Bank ofBosnia and Herzegovina.

scholarly journals Eurizacija kao instrument monetarne politike Srbije?

2006 ◽  
Vol 51 (168) ◽  
pp. 7-29 ◽  
Author(s):  
Nikola Fabris
Keyword(s):  
Monetary Policy ◽  
Foreign Exchange ◽  
Current Account ◽  
Current Account Deficit ◽  
Theoretical Aspect ◽  
Policy Instrument ◽  
Foreign Exchange Reserves ◽  
Course Of Action ◽  
Monetary Regime ◽  
The Eu

The 1990s were characterized by two important yet mutually connected phenomena: the introduction of the euro as a national currency in the EU member countries, and recommendations for the introduction of dollarization as an instrument of attaining macroeconomic stability. Full dollarization (eurozation) is a relatively rare phenomenon. Yet in recent years it has attracted a lot of attention, which can be proved by an increasing number of studies dealing with this problem, as well as an increasing number of countries taking this course of action. This paper deals with the advantages and the disadvantages of dollarization, not only from the theoretical aspect but also on the basis of experience of other dollarized countries. The paper mostly deals with the analysis of the adequacy of dollarization (eurozation) as a monetary regime of Serbia. The unequivocal conclusion is that dollarization (eurozation) is not a monetary policy instrument that can be recommended to Serbia, the most relevant reasons for this being: the loss of capital surplus, the loss of some foreign exchange reserves, the danger of foreign exchange outflow through the balance of payment current account deficit, likely opposition from the EU, etc.

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