{"title":"“How Do Shocks Affect International Reserves? A Quasi-Experiment of Earthquakes”","authors":"Quy Ta, Yothin Jinjarak, Ilan Noy","doi":"10.1007/s11079-022-09683-5","DOIUrl":"https://doi.org/10.1007/s11079-022-09683-5","url":null,"abstract":"<p>We evaluate the change in international reserves in the aftermath of significant external shocks by using a quasi-experimental setup and focusing on earthquakes. Our objective is to understand the macroeconomic dynamics of quake-affected countries ex-post, and their ex-ante disaster risk mitigation strategies. The estimation is done on a panel of 103 countries over the period 1979–2016. We find that in the five years following a large earthquake: (i) Countries exposed to it accumulate reserves ex-post for precautionary reasons, supported by the inflows of foreign assistance and money expansion; (ii) Quake-prone countries tend to hold fewer reserves relative to the non-prone countries, suggested by the richer set of other disaster preventive measures in place for the former; (iii) The patterns of reserves holding post-earthquake vary with a country’s income level and other macroeconomic fundamentals.</p>","PeriodicalId":46980,"journal":{"name":"Open Economies Review","volume":"43 1","pages":""},"PeriodicalIF":1.2,"publicationDate":"2022-08-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138515560","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Gross Product, Population Distribution and Heterogeneity of Border Effects in Gravity Models of Trade","authors":"Jason Query","doi":"10.1007/s11079-022-09679-1","DOIUrl":"https://doi.org/10.1007/s11079-022-09679-1","url":null,"abstract":"","PeriodicalId":46980,"journal":{"name":"Open Economies Review","volume":"1 1","pages":""},"PeriodicalIF":1.2,"publicationDate":"2022-08-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47493761","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Sudden Stops, Productivity and the Optimal Level of International Reserves for Small Open Economies","authors":"A. Mihailov, H. Nasir","doi":"10.1007/s11079-022-09678-2","DOIUrl":"https://doi.org/10.1007/s11079-022-09678-2","url":null,"abstract":"","PeriodicalId":46980,"journal":{"name":"Open Economies Review","volume":"33 1","pages":"825 - 851"},"PeriodicalIF":1.2,"publicationDate":"2022-08-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42034697","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Effect of Remittance Inflows on External Debt in Developing Countries","authors":"A. Mijiyawa, Djoulassi K. Oloufade","doi":"10.1007/s11079-022-09675-5","DOIUrl":"https://doi.org/10.1007/s11079-022-09675-5","url":null,"abstract":"","PeriodicalId":46980,"journal":{"name":"Open Economies Review","volume":"34 1","pages":"437 - 470"},"PeriodicalIF":1.2,"publicationDate":"2022-07-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49005164","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"What Drives Illicit Financial Flows? An Empirical Study of Trade Data Discrepancies","authors":"Renliang Liu, T. Stengos","doi":"10.1007/s11079-022-09669-3","DOIUrl":"https://doi.org/10.1007/s11079-022-09669-3","url":null,"abstract":"","PeriodicalId":46980,"journal":{"name":"Open Economies Review","volume":"34 1","pages":"371 - 409"},"PeriodicalIF":1.2,"publicationDate":"2022-07-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49312239","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Greece 2010–18: What Could Have Been Done Differently?","authors":"Cyrille Lenoël, C. Macchiarelli, G. Young","doi":"10.1007/s11079-022-09672-8","DOIUrl":"https://doi.org/10.1007/s11079-022-09672-8","url":null,"abstract":"","PeriodicalId":46980,"journal":{"name":"Open Economies Review","volume":"34 1","pages":"281 - 315"},"PeriodicalIF":1.2,"publicationDate":"2022-07-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42313491","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Cost of a Currency Peg during the Great Recession","authors":"T. B. Andersen","doi":"10.1007/s11079-022-09670-w","DOIUrl":"https://doi.org/10.1007/s11079-022-09670-w","url":null,"abstract":"","PeriodicalId":46980,"journal":{"name":"Open Economies Review","volume":"34 1","pages":"255 - 279"},"PeriodicalIF":1.2,"publicationDate":"2022-05-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47825562","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"What Have the Monetary Authorities Really Stabilised, and Does it Matter?","authors":"D. Cobham, Peter Macmillan","doi":"10.1007/s11079-022-09668-4","DOIUrl":"https://doi.org/10.1007/s11079-022-09668-4","url":null,"abstract":"","PeriodicalId":46980,"journal":{"name":"Open Economies Review","volume":"34 1","pages":"43-70"},"PeriodicalIF":1.2,"publicationDate":"2022-05-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47131174","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Revisiting Paul de Grauwe’s Chaotic Exchange Rate Model: New Analytical Insights and Agent-Based Explorations","authors":"Sarah Mignot, F. Westerhoff","doi":"10.1007/s11079-022-09667-5","DOIUrl":"https://doi.org/10.1007/s11079-022-09667-5","url":null,"abstract":"","PeriodicalId":46980,"journal":{"name":"Open Economies Review","volume":"34 1","pages":"155-169"},"PeriodicalIF":1.2,"publicationDate":"2022-04-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41963490","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}