[1]
Triffin, R. (1960) Gold and the Dollar Crisis. Yale University Press.
[2]
Heller, H.R. (1966) Optimal International Reserves. Economics Journal, 76, 296-311.
http://dx.doi.org/10.2307/2229716
[3]
Frenkel, J. and Jovanocic, B. (1980) On the Transactions and Precautionary Demand for Money. Quarterly Journal of Economics, 90, 80-95
[4]
Calvo, G.A. and Reinhart, C.M. (2002) Fear of Floating. The Quarterly Journal of Economics, 117, 379-408.
http://dx.doi.org/10.1162/003355302753650274
[5]
Fischer, S. (1999) On the Need for an International Lender of Last Resort. Journal of Economic Perspectives, 13, 85- 104.
http://dx.doi.org/10.1257/jep.13.4.85
[6]
Wang, Q.L. (2008) The Empirical Research on Optimal Scale of China’s Foreign Exchange Reserves. Studies of International Finance, 9, 73-79. (in Chinese)
[7]
Wang, L.Y. and Wang, K. (2010) Measurement of Optimal Foreign Exchange Reserve in China. Economic Review, 4, 117-123. (in Chinese)
[8]
Ren, R.E. and Liu, L.Y. (2004) The Measurement and Analyze on Optimal Scale of China’s Foreign Exchange Reserves. Finance & Trade Economics, 5, 61-68. (in Chinese)
[9]
Huang, J. (2002) The Dynamic Measurement on the Demand of Foreign Exchange Reserves. World Economic Forum, 6, 62-69. (in Chinese)
[10]
Lu, J. and Luo, W.Q. (2010) The Measurement and Analyze on Monthly Hot Money. Statistics and Decision, 19, 85- 89. (in Chinese)
[11]
Furman, J. and Stiglitz, J. (1998) Economic Crises: Evidence and Insights from East, Asia. Brookings Papers on Economic Activity, 2, 1-114.
http://dx.doi.org/10.2307/2534693
[12]
Radelet, S. and Sachs, J. (1998) The East Asian Financial Crisis: Diagnosis, Remedies, Prospects. Brookings Papers on Economic Activity, 1, 1-74.
http://dx.doi.org/10.2307/2534670
[13]
Bird, G. and Rajan, R. (2003) Too Much of a Good Thing? The Adequacy of International Reserves in the Aftermath of Crises. The World Economy, 26, 873-891.
http://dx.doi.org/10.1111/1467-9701.00552
[14]
De Beaufort Wijnholds, J.A.H. and Kapteyn, A. (2001) Reserve Adequacy in Emerging Market Economies. Working Paper No. 01/43, IMF.
[15]
Liu, L.Y. (2008) Did Hot Money Promote the Stock Market and Real Estate Market? Journal of Financial Research, 10, 48-70. (in Chinese)
[16]
Sheng, L.G. and Zhao, H.Y. (2007) Yields and Currency Composition of Foreign Reserves and Hot Money in China. China Economic Quarterly, 6, 1255-1276. (in Chinese)
[17]
Wang, S.H. and He, F. (2007) China’s Short-Term International Capital Flows: Status, Pathways and Factors. The Journal of World Economy, 7, 12-19. (in Chinese)
[18]
Bai, X.Y. and Wang, P.J. (2008) The Effectiveness of Capital Control and Reform of Exchange Rate Regimes in China. Journal of Quantitative & Technical Economics, 9, 65-75. (in Chinese)
[19]
McKinnon, R.I. (1989) Finance and Economic Development. Oxford Review of Economic Policy, Vol. 5, No. 1.
[20]
Li, S.K. (2006) Foreign Exchange Reserves VS External Debt. Economic Herald, 10, 79-81. (in Chinese)
[21]
Lin, Y.F., Zhang, Q. and Liu, M.X. (2003) Financial Structure and Economic Growth. The Journal of World Economy, 1, 3-21. (in Chinese)
[22]
Edwards, S. (1996) Exchange Rates and the Political Economy of Macroeconomic Discipline. American Economic Review, 86, 159-163.
[23]
Johansen, S. (1988) Statistical Analysis of Cointegration Vectors. Journal of Economic Dynamics and Control, 12, 231-254.
http://dx.doi.org/10.1016/0165-1889(88)90041-3
