Azjatyckie rezerwy walutowe jako instrument polityki makroekonomicznej. Implikacje dla biznesu międzynarodowego

• Authors: Sebastian Bobowski

Title variants

EN

Asian Foreign Exchange Reserves as an Instrument of Macroeconomic Policy. Implications for International Business

• Languages of publication: PL

Abstracts

EN

Asian foreign exchange reserves, accumulated since the late 90s as an expression of defensive regionalism, experienced an evolution determined by crisis imperatives and development strategy of the region. Undoubtedly, massive accumulation of liquidity has become a tool for strategic policy of Asian countries, going far beyond the agenda of financial integration project. Nearly USD 5 trillion accumulated by Asian economies in the form of foreign exchange reserves can be used, among others, for the implementation of ambitious infrastructure modernization plan, supply of investment funds and the development of loan guarantees for companies. Ironically, the policy of risk aversion in the late 90s, associated with the policy of trade surpluses and accumulation of foreign exchange reserves, has become a source of new prospects for global economic recovery.

Keywords

PL

Polityka makroekonomiczna; Rezerwy walutowe

EN

Foreign exchange reserves; Macroeconomic policy

• Publisher: Uniwersytet Ekonomiczny w Katowicach
• Journal: Studia Ekonomiczne
• Year: 2013
• Volume: 170
• Pages: 21-31

Contributors

author

Sebastian Bobowski

References

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Identifiers

ISSN

2083-8611