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The paper examines the definition of foreign exchange reserves and related concepts. It also investigates to what extent the transparency and completeness of foreign exchange reserve data affected the course of financial crises in emerging market economies in the 1990s. The author looks at how the practice of reserve data dissemination changed in the wake of these crises. Three case studies of crises...
The paper examines whether foreign exchange reserve accumulation contributes to economic convergence and growth processes in what are known as middle-income countries. The author’s analysis is divided into two research tasks with respect to the relationship between reserve accumulation, on the one hand, and processes of convergence and economic growth, on the other. The first task is to offer a credible...
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