International reserves provided shelter from crisis, says Finland paper

bank-of-finland

International reserves provided important economic shelter to the global financial crisis, says a Bank of Finland discussion paper, published on November 2.

The author, Martin Feldkircher, finds no direct link between reserve accumulation and the severity with which a crisis is felt. However, he did find evidence that international reserves shaped countries' responses to the crisis, particularly when reserves were accumulated as the economy's credit expanded.

The reserves acted as a buffer to

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.