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Reserves, quotas and the demand for international liquidity

โœ Scribed by Joseph P. Joyce; Raul Razo-Garcia

Book ID
107391910
Publisher
Springer US
Year
2011
Tongue
English
Weight
344 KB
Volume
6
Category
Article
ISSN
1559-7431

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## Abstract We analyse the network of bilateral liquidity swaps (BSAs) among the ASEAN+3 countries. We find that the network has taken the correlation of capital flows in the region into account, in the sense that countries with lower correlation of reserve growth have engaged in larger BSAs. All e