Are emerging Asia’s reserves really too high?

[phk]

Aside from China, no, according to a new IMF working paper by Marta Ruiz-Arranz and Milan Zavadjil. This is in large part an attempt to insure against a repeat of the 1997 Asian currency crisis:

Link: http://www.imf.org/external/pubs/cat/longres.cfm?sk=22169.0

You must be logged in to read this quote.

and

You must be logged in to read this quote.

and

You must be logged in to read this quote.

China, meanwhile, remains an anomaly. These models "cannot fully explain the large stock of reserves in China" - a subject to be explored in future research.