Journal ArticleDOI
Zone-quadratic preference, asymmetry and international reserve accretion in India: An empirical investigation
TLDR
In this paper, a nonlinear policy reaction function with a target range as opposed to a point target is described, and the tolerance band is asymmetric i.e., the RBI responds much more strongly to appreciating pressure than depreciating pressure.About:
This article is published in Journal of International Financial Markets, Institutions and Money.The article was published on 2012-04-01. It has received 6 citations till now. The article focuses on the topics: Sterilization (economics) & Exchange rate.read more
Citations
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The self-insurance role of international reserves and the 2008-2010 crisis
TL;DR: In this article, the authors evaluated the strategy of accumulating international reserves using data from the 2008-2010 crisis and showed that countries with higher international reserve holdings had less adjustment costs during the global financial crisis.
Journal ArticleDOI
The Self-Insurance Role of International Reserves and the 2008-2010 Crisis
Silva,F A Antonio +1 more
TL;DR: In this article, the authors evaluated the strategy of holding international reserves in the 2008-2010 crisis and showed that countries with higher international reserve levels had less adjustment costs between 2008 and 2010.
Journal ArticleDOI
International reserves and domestic money market disequilibrium: Empirics for India and China
TL;DR: In this paper, the authors examined the likely determinants of the demand for official international reserves (hereafter reserves) for India and China in the long run in a basic buffer stock model.
Journal ArticleDOI
Exchange Rates and International Reserves in India: A Frequency Domain Analysis
TL;DR: In this paper, the relationship between real effective exchange rate (REER) and international reserve in India by applying the bivariate and conditional bivariate Granger causality test was studied.
Journal ArticleDOI
Is there evidence of “fear of appreciation” in China’s foreign exchange market intervention?
TL;DR: Using the data after the exchange rate regime reform in July 2005, the authors systematically studied the issue whether China has conducted "fear of appreciation" asymmetric intervention and concluded that China has not.
References
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Journal ArticleDOI
Large sample properties of generalized method of moments estimators
Posted Content
Comparing Predictive Accuracy
TL;DR: The authors describes the advantages of these studies and suggests how they can be improved and also provides aids in judging the validity of inferences they draw, such as multiple treatment and comparison groups and multiple pre- or post-intervention observations.
ReportDOI
Comparing Predictive Accuracy
TL;DR: In this article, explicit tests of the null hypothesis of no difference in the accuracy of two competing forecasts are proposed and evaluated, and asymptotic and exact finite-sample tests are proposed, evaluated and illustrated.
ReportDOI
Fear of Floating
TL;DR: The authors analyzed the behavior of exchange rates, reserves, monetary aggregates, interest rates, and commodity prices across 154 exchange rate arrangements to assess whether official labels provide an adequate representation of actual country practice.
Journal ArticleDOI
Fear of Floating
TL;DR: This article analyzed the behavior of exchange rates, reserves, monetary aggregates, interest rates, and commodity prices across 154 exchange rate arrangements to assess whether official labels' provide an adequate representation of actual country practice.
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