Study on the Optimal International Reserve Scale in the Process of Currency Internationalization

DOI

10.2991/iemss-17.2017.33How to use a DOI?

Keywords

currency internationalization; international reserves; foreign exchange reserves

Abstract

This paper studies the changing rules of the optimal international reserve size in the view of internationalization of currency. The theoretical model indicates that the optimal scale of international reserves shows the characteristics of the first and the lower stages of the internationalization in the currency. In the early days of internationalization of currency, sufficient international reserves provide support for effective control of macro risks. At the end of the international of the currency, the international currency function of the currency began to replace the international reserves and also made the optimal scale decline. Using the two different stages of the international currency issuer data, the empirical results of this paper support the theoretical model of the conclusions. Furthermore, the paper provides a reference for expanding China's international reserve - scale management.

Copyright

© 2017, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - BaiLing Xu
PY  - 2017/04
DA  - 2017/04
TI  - Study on the Optimal International Reserve Scale in the Process of Currency Internationalization
BT  - Proceedings of the 2017 International Conference on Innovations in Economic Management and Social Science (IEMSS 2017)
PB  - Atlantis Press
SP  - 162
EP  - 166
SN  - 2352-5428
UR  - https://doi.org/10.2991/iemss-17.2017.33
DO  - 10.2991/iemss-17.2017.33
ID  - Xu2017/04
ER  -