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Banking Ssystems, central banks and international reserve accumulation in East Asian economies

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  • Shrestha, Prakash Kumar
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    This paper examines changes in the balance sheets of the banking system in five East Asian economies which were affected by the 1997 Asian Crisis. These countries have persistently accumulated international reserves since the crisis. This paper estimates the impact of reserve accumulation on some important balance sheet variables such as liquid assets, credit and deposits of the banking system by applying panel data techniques. Estimates using data from Thailand, South Korea, Malaysia, Philippines and Indonesia show that there has been robust positive impact of reserve accumulation on the liquid assets and deposits of the banking system after controlling for the effect of other potential variables.

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    File URL: http://dx.doi.org/10.5018/economics-ejournal.ja.2013-14
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    File URL: https://www.econstor.eu/bitstream/10419/71410/1/741335506.pdf
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    Article provided by Kiel Institute for the World Economy (IfW) in its journal Economics: The Open-Access, Open-Assessment E-Journal.

    Volume (Year): 7 (2013)
    Issue (Month): ()
    Pages: 1-29

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    Handle: RePEc:zbw:ifweej:201314
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