Article
The Impact of Foreign Reserves on Developing Countries during the COVID-19 Pandemic: Evidence from a Natural Experiment
2021-11-22
Abstract excerpt
Since the foreign reserve is endogenously determined by each country, its identification is challenging. To overcome this difficulty, we utilize the special drawing rights (SDR) allocation of USD 650 billion by the International Monetary Fund to combat the coronavirus disease pandemic. Given the stylized fact that a sudden stop is likely to depreciate foreign exchange in a very short period, it is natural to expec...
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Identifiers and source
- Literature Corpus work
- 99b7490e-d7ea-5377-a7cf-d291f055b7dc
- DOI
- 10.2139/ssrn.3968055