Proceedings of the 2017 International Conference on Innovations in Economic Management and Social Science (IEMSS 2017)

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

Authors
BaiLing Xu
Corresponding Author
BaiLing Xu
Available Online April 2017.
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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Volume Title
Proceedings of the 2017 International Conference on Innovations in Economic Management and Social Science (IEMSS 2017)
Series
Advances in Economics, Business and Management Research
Publication Date
April 2017
ISBN
978-94-6252-314-2
ISSN
2352-5428
DOI
10.2991/iemss-17.2017.33How to use a DOI?
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/).

Cite this article

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  -