When larger reserves may not really be good

According to this article from the New Straits Times, published Friday 9 February, questions the idea that foreign exchange reserves are a key indicator of macroeconomic strength.

"It does not necessarily mean that a country that has reserves double that of another is twice as secure," the article says.

"It will be meaningless to compare, for instance, Malaysia's reserves with that of China's. Malaysia's reserves, which now stand at about US$82 billion, pale in comparison with China's which

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