TY - JOUR
TI - Accumulation of foreign reserves as a determinant of the current account
AU - Bogołębska, Joanna
TI - Accumulation of foreign reserves as a determinant of the current account
AB - In order to understand the complicated interlinkages between dynamic accumulation of foreign reserves and growing surpluses on the current accounts, a new sort of policy is being formulated, namely external financial policy. This is a policy of intentional influencing official capital outflows, mainly in the form of accumulation of reserves. Among many factors influencing the effectiveness of this policy is capital account liberalization, on which the article focuses. The article aims at presenting the main theoretical and empirical insights into this complex relation. It concentrates on the experiences of the Asian surplus countries due to their role in the global growth of reserves and global imbalances.
VL - 2013
IS - Volume 32
PY - 2013
SN - 2300-6102
C1 - 2353-9496
SP - 40
EP - 53
DO - 10.4467/23539496IB.13.003.2639
UR - https://ejournals.eu/en/journal/ibage/article/akumulacja-rezerw-walutowych-jako-determinanta-nierownowagi-na-rachunku-obrotow-biezacych
KW - reserve accumulation
KW - surplus countries
KW - current account
KW - global imbalances
KW - external financial policy