An Empirical Comparative Research into the Foreign Exchange Reserve Accumulation of East Asia and Latin America
[an error occurred while processing this directive]
Abstract The research begins with an analysis of the foreign exchange reserve accumulation of East Asia and Latin America. The result of the analysis shows that the actual variables such as the trade volume enlargement and current account balance accumulation caused by global industry conversion are the main determining factors of emerging markets′ foreign exchange reserve increase. The reason why East Asian has more foreign exchange reserves than Latin America is the difference in the development modes of the two regions. East Asia’s export-oriented strategy which originated from mercantilism can not only enlarge export share of the region, but also attain more stable current account balances than Latin America. Nevertheless, the new industrialized economies of East Asia accumulate foreign exchange reserves for the purpose of precautionary responsiveness to crisisto a certain extent
WANG San-Xin- １,DU Hou-Wen- ２. An Empirical Comparative Research into the Foreign Exchange Reserve Accumulation of East Asia and Latin America. Economic Survey, 2011, 28(2): 040.
2011, Vol. 28 
[an error occurred while processing this directive] | [an error occurred while processing this directive]
