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UID:event-10839@www.amse-aixmarseille.fr
DTSTAMP:20260421T214058Z
CREATED:20260421T214058Z
LAST-MODIFIED:20260421T214058Z
STATUS:CONFIRMED
SEQUENCE:0
SUMMARY:French-Japanese webinar - Jamel Saadaoui
DTSTART:20240329T080000Z
DTEND:20240329T090000Z
DESCRIPTION:The global financial crisis has brought increased attention to 
 the consequences of international reserves holdings. In an era of high fina
 ncial integration\, we investigate the relationship between the real exchan
 ge rate and international reserves using nonlinear regressions and panel th
 reshold regressions over 110 countries from 2001 to 2020. Our study shows t
 he level of financial-institution development plays an essential role in ex
 plaining the buffer effect of international reserves. Countries with a low 
 development of their financial institutions may manage the international re
 serves as a shield to deal with the negative consequences of terms-of-trade
  shocks on the real exchange rate. We also find the buffer effect is strong
 er in countries with intermediate levels of financial openness.\\n\\nContac
 t: Gilles Dufrénot : gilles.dufrenot[at]sciencespo-aix.frKiyotaka Sato : 
 sato[at]ynu.ac.jp\n\nPlus d'informations: https://www.amse-aixmarseille.fr/
 fr/evenements/jamel-saadaoui
URL;VALUE=URI:https://www.amse-aixmarseille.fr/fr/evenements/jamel-saadaoui
CONTACT:Gilles Dufrénot : gilles.dufrenot[at]sciencespo-aix.frKiyotaka Sat
 o :&nbsp\;sato[at]ynu.ac.jp
TRANSP:OPAQUE
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