Reserves
in sentence
1741 examples of Reserves in a sentence
Would you draw comfort from your country’s impressive internal resilience and offset the deflationary winds blowing from the West; or would you play it safe and increase your country’s precautionary
reserves?
Today, however, several (though not all) emerging-market countries are benefiting from years of considerable efforts to reduce their financial vulnerability by accumulating huge amounts of international
reserves.
Their international
reserves
would decline and/or their debt would rise.
Thus, they would minimize the deterioration in their trade surpluses, maintain competitive exchange rates, and safeguard their foreign
reserves
and net-creditor positions.
These are large numbers even for Russia, with its currency
reserves
of $480 billion.
Many experts spoke of “peak oil” – the idea that
reserves
had “topped off” – and anticipated that production would become concentrated in the low-cost but unstable Middle East, where even Saudi Arabia was thought to be fully explored, with no more giant fields likely to be found.
The build-up of official
reserves
in East Asia and other developing countries will provide them with extra means to deal with possible external shocks.
That advice would lead central banks to keep expanding the money supply and bank
reserves
even after doing so no longer lowers interest rates.
Ironically, although central banks are now focused on the problem of deflation, the more serious risk for the longer term is that inflation will rise rapidly as their economies recover and banks use the large volumes of recently accumulated
reserves
to create loans that expand spending and demand.
Consider the following: Chinese investment in Zambia’s rich copper and coal
reserves
accounts for 7.7% of the country’s GDP.
The dilemma that officials face is that the impact of a fall in exports as a result of RMB appreciation will be felt acutely and immediately, whereas the large welfare losses due to the evaporation of the value of China’s foreign-exchange
reserves
will be borne by society as a whole – but not immediately.
They represent more than a quarter of the Earth’s landmass, over 41% of its population, almost 25% of world GDP, and nearly half of all foreign-exchange and gold
reserves.
Iraqi Kurdistan holds significant oil reserves, and Catalonia is estimated to account for a fifth of Spain’s GDP.
Poverty is prevalent in a country that once was among the region’s wealthiest and sits atop the world’s largest oil
reserves.
However, in later periods the objective was to avoid real exchange-rate appreciation, and, at the same time, to accumulate international
reserves
and strengthen credibility.
Managing a floating rate has also allowed Latin American countries to accumulate a significant level of international
reserves.
There is little doubt that substantial foreign reserves, together with the flexibility to float and intervene, have mitigated the impact of the recent crisis on Latin America, and contributed to its emergence as one of the best-performing regions in an era of deep uncertainty elsewhere.
The rallying call against paying foreign debt, which was ubiquitous in Latin America in the 1980’s, was buried when the Argentinean government did the same thing, committing one-third of its
reserves
to pay in advance its debts to the IMF.
The State Council’s decision reverses the suspension of dam building on the Salween announced by Premier Wen Jiabao in 2004, after an international uproar over the start of multiple megaprojects in the National Nature Reserves, adjacent to the world heritage area – a stunning canyon region through which the Salween, the Mekong, and the Jinsha flow in parallel.
The country is developing a strong processing industry, especially in fertilizers, based in part on having the world’s largest phosphate
reserves.
China alone, with over $600 billion in reserves, holds more than enough dollars to recapitalize the IMF four times over.
In order to achieve growth targets, the government thus must depend on exports and investment – an approach that leads to the accumulation of massive reserves, which subsequently need to be sterilized.
Despite relatively high oil prices, Venezuela has a large fiscal deficit and falling foreign-exchange
reserves.
A growing number of people, inside and outside of the country, are starting to blame the revolution itself for derailing an economy that was growing, reducing its external-debt burden, and maintaining a comfortable cushion of international
reserves.
They have also aggravated the weakness of external finances, contributing to a sharp drop in international
reserves
that has been contained only by exceptional loans and deposits from abroad.
And the dollar’s share in global foreign-exchange
reserves
has held steady since the crisis.
And when the moment of reckoning came this summer, China’s leaders spent $200 billion of hard-earned foreign
reserves
to play King Canute trying to hold back the tide of a stock-market rout.
Making matters worse, when China needs to use its savings – accumulated over two generations and packed into US Treasury bills – to alleviate fiscal constraints, it will find that the value of its foreign-exchange
reserves
has already evaporated.
So, while post-crisis Asia focused in the 2000’s on repairing the financial vulnerabilities that had wreaked such havoc – namely, by amassing huge foreign-exchange reserves, turning current-account deficits into surpluses, and reducing its outsize exposure to short-term capital inflows – it failed to rebalance its economy’s macro structure.
As a result, even with the same trade balance, China ends up with more foreign-exchange reserves, though using the RMB as a settlement currency is supposed to reduce their accumulation.
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