An Empirical Analysis for 24 Asian Countries' Risks of Non-Gold Reserve Scale

摘要

This paper tries to analyze the relationship among non-gold reserve, GDP and commodity trade export value. An empirical test is made by establishing a panel data model to test the above mentioned relationship of 24 Asian countries. The testing result shows that the non-gold reserve has a long-term co-integration relationship with each country's GDP and commodity trade export value. Meanwhile, foreign exchange reserve is the main body, the changing exchange rate will certainly bring risks to the value of reserve scale, the empirical analysis will help to pay attention to non-gold reserve scale's risk issues.