In order to identify the primary motivations for the reserve accumulation, this thesis discusses the role of intergenerational transfers, exchange rate policy and the precautionary savings motive. We develop an estimated DSGE model for China, including these three motives, to evaluate various competing explanations for China’s foreign exchange reserves. Through analysis of impulse response function, risky steady state and shock decompositions of the model, we pursue the primary motivation for the reserve accumulation.
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steroids AbstractWhat is terror? What are its roots and its results and what part does it play in human experience and history? This volume offers a number of timely and original anthropological insights into the ways in which acts of terror and reactions to those acts impact on the lives of virtually everyone in the world today, as perpetrators, victims or witnesses. The contributors to this volume demonstrate, what we have come to regard as acts of terror whether politically motivated, or state sanctioned have assumed many different forms and provoked widely differing responses throughout the world. A deeper level, the contributors explore the work of the imagination in extreme contexts of danger, such as those of terror and terrorism. steroids
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