UUM ETD | Universiti Utara Malaysian Electronic Theses and Dissertation
FAQs | Feedback | Search Tips | Sitemap

Centralized Reserves Pooling for the Asean-5 to China and India

Ahmad Sazali, Zakaria (2011) Centralized Reserves Pooling for the Asean-5 to China and India. Masters thesis, Universiti Utara Malaysia.

[img] Text
s804391.pdf
Restricted to Registered users only

Download (1MB)

Abstract

With the emergence of China and India, the international reserves pooling scheme landscape of ASEAN and its relation to the global economy have changed. This study adopts the Pedroni Panel Cointegration test to examine the long run relationship between the determinants of reserves pooling in Indonesia, Malaysia, the Philippines, Singapore and Thailand (ASEAN-5) and the determinants of reserves pooling in China and India. The determinants of reserves pooling in this study are the total population of the country, real GDP per capita, the volatility of real export receipts, the share of imports in GDP, the volatility of nominal effective exchange rate and fixed capital formation to show reserves pooling behavior. Generally speaking, the results indicate that all of the determinants of reserves pooling in ASEAN-5 have different long run relationship when they are pooled to China and India. It is important to understand the determinants of reserves pooling because each determinant has a different relationship in different models of countries that they are pooled.

Item Type: Thesis (Masters)
Subjects: H Social Sciences > HC Economic History and Conditions
Divisions: College of Arts and Sciences (CAS)
Depositing User: Mr. Badrulsaman Hamid
Date Deposited: 02 Jan 2014 01:46
Last Modified: 27 Apr 2016 01:37
URI: http://etd.uum.edu.my/id/eprint/3678

Actions (login required)

View Item View Item