Regime dependence, Mrs. Machlup's wardrobe and the accumulation of international reserves in Asia

Victor Pontines; Li Yongqiang

doi:10.1016/j.econlet.2010.11.037

Regime dependence, Mrs. Machlup's wardrobe and the accumulation of international reserves in Asia

Victor Pontines, Li Yongqiang

Research output: Contribution to journal › Article › peer-review

8 Citations (Scopus)

Abstract

An old yet rarely explored motive of hoarding international reserves advanced by Machlup (1966) is examined. Reserve accumulation behavior in Asia is driven by a psychological desire to keep up with neighboring countries, i.e., 'keeping up with the Joneses effect'.

Original language	English
Pages (from-to)	231-234
Number of pages	4
Journal	Economics Letters
Volume	110
Issue number	3
DOIs	https://doi.org/10.1016/j.econlet.2010.11.037
Publication status	Published - Mar 2011

Keywords

Accumulation of international reserves
Keeping up with the Joneses
Mrs. Machlup's wardrobe
Peer countries
Regime dependence

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10.1016/j.econlet.2010.11.037

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title = "Regime dependence, Mrs. Machlup's wardrobe and the accumulation of international reserves in Asia",

abstract = "An old yet rarely explored motive of hoarding international reserves advanced by Machlup (1966) is examined. Reserve accumulation behavior in Asia is driven by a psychological desire to keep up with neighboring countries, i.e., 'keeping up with the Joneses effect'.",

keywords = "Accumulation of international reserves, Keeping up with the Joneses, Mrs. Machlup's wardrobe, Peer countries, Regime dependence",

author = "Victor Pontines and Li Yongqiang",

year = "2011",

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doi = "10.1016/j.econlet.2010.11.037",

language = "English",

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AU - Pontines, Victor

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AB - An old yet rarely explored motive of hoarding international reserves advanced by Machlup (1966) is examined. Reserve accumulation behavior in Asia is driven by a psychological desire to keep up with neighboring countries, i.e., 'keeping up with the Joneses effect'.

KW - Accumulation of international reserves

KW - Keeping up with the Joneses

KW - Mrs. Machlup's wardrobe

KW - Peer countries

KW - Regime dependence

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DO - 10.1016/j.econlet.2010.11.037

M3 - Article

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SP - 231

EP - 234

JO - Economics Letters

JF - Economics Letters

IS - 3

ER -

Regime dependence, Mrs. Machlup's wardrobe and the accumulation of international reserves in Asia

Abstract

Keywords

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