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Trends in the accumulation of net foreign reserves since World War II

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  • Austin KWON

    (Independent Researcher)

Abstract

Taking a historical perspective, this paper observes the trend in net foreign reserves by examining data that extend as far back as 1948. It looks broadly at how reserve coverage has changed over time and the benefits and costs of holding such reserves. Moreover, it studies which countries are the biggest holders of reserves and how much they have as well as the reasons why they hold these amounts. An accompanying spreadsheet workbook contains the data for the graphs and analysis of this paper. Data come mainly from the International Monetary Fund’s International Financial Statistics database, supplemented in some cases by national sources.

Suggested Citation

  • Austin KWON, 2018. "Trends in the accumulation of net foreign reserves since World War II," Journal of Economics Library, EconSciences Journals, vol. 5(3), pages 275-300, September.
    • Handle: RePEc:cvv:journ5:v:5:y:2018:i:3:p:275-300
    as

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    References listed on IDEAS

    as
    1. Harry G. Johnson, 1969. "The case for flexible exchange rates, 1969," Review, Federal Reserve Bank of St. Louis, vol. 51(June), pages 12-24.
    2. M S Mohanty & Philip Turner, 2006. "Foreign exchange reserve accumulation in emerging markets: what are the domestic implications?," BIS Quarterly Review, Bank for International Settlements, September.
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    Keywords

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    JEL classification:

    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • F31 - International Economics - - International Finance - - - Foreign Exchange

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