Reserves
in sentence
1741 examples of Reserves in a sentence
But Russia can afford that: its total international
reserves
currently amount to $364 billion, and its public debt is barely 14% of GDP.
In the third quarter of this year, China’s foreign-exchange
reserves
increased by $194 billion, which far exceeded the country’s $66 billion trade surplus and $23 billion in inflows of foreign direct investment.
Last December, China’s state-owned National Petroleum Corporation signed a deal with the Afghan authorities that would make it the first foreign company to exploit Afghanistan’s oil and natural-gas
reserves.
If it is not part of a currency union, it can resort to market intervention to support its currency, using and losing its foreign-exchange
reserves
in the process.
If a country has run out of reserves, its central bank automatically borrows to maintain the intraeuro peg.
The world’s currency
reserves
were held in a slightly lop-sided way: at the end of 1971, Germany had
reserves
worth $17.2 billion, and Japan’s were worth $14.1 billion – 14% and 11.5% of the world’s total, respectively.
In 2008, the last year for which figures are available, Japan held 23.4 % of the world’s
reserves
and China held 44.8%.
One strategy, termed “benign neglect,” was to let the surplus countries pile up
reserves
until they realized that they had a very big problem.
But there seemed to be no end to the piling up of reserves, so the only remaining choice was confrontation.
For example, northern Afghanistan has unexplored
reserves
of oil and natural gas that could help meet China’s energy needs.
Fortunately, a combination of flexible exchange rates, strong international reserves, better monetary regimes, and a shift away from foreign-currency debt provides some measure of protection.
Many emerging markets preferred to self-insure by accumulating
reserves
rather than borrow from the Fund.
The IMF’s proposed guidelines recommend that countries deploy capital-account regulations only as a last resort – that is, after such measures as building up reserves, letting currencies appreciate, and cutting budget deficits.
But Saudi soft power extends beyond custodianship of Mecca and Medina, for Saudi diplomacy is also backed by the largest oil
reserves
in the world.
According to ECB statistics, eurozone banks have about €20 of liabilities (including interbank debt) for every euro of capital and
reserves.
By using the dollar to anchor prices and the Federal Reserve’s interest rate as the benchmark for the cost of capital, invoicing, payments, clearing, liquidity, and central-bank
reserves
all became more stable and reliable.
This is partly why China’s foreign-exchange
reserves
have swelled so rapidly, from $250 billion in 2000 to $4 trillion this year.
Will the foreign
reserves
that these countries have built up in recent years prove adequate to protect their financial systems, as liquidity flows back toward developed economies?
In order to break the destabilizing cycle of short-term capital flows and excessive accumulation of foreign reserves, the International Monetary Fund, with broad support from the G-20, must devise new rules regarding monetary-policy spillovers.
And if these countries had recycled a smaller stock of foreign
reserves
into US Treasuries, agency bonds, and subprime securities, US interest rates would likely have remained higher, emerging-market current-account surpluses would have declined earlier, and advanced-economy deficits would have contracted, thereby restoring some semblance of equilibrium.
To prevent world temperatures from rising above the 2º Celsius threshold that climate scientists believe represents a tipping point beyond which the worst effects could no longer be mitigated, we will need to leave approximately 80% of known fossil-fuel
reserves
untapped.
Stock values in the fossil-fuel industry – which are based on the assumption that companies will be able to extract and burn all known
reserves
– will plummet.
Instead of paying interest on commercial banks’ “excess”
reserves
held by the central bank, the central bank taxes these deposits.
Of course, the road to becoming a reserve currency is long, especially for the SDR, which currently functions only as a reserve asset, with an issuance size ($285 billion) that is small relative to global official
reserves
of $10.5 trillion (excluding gold).
That was more than double the $297 billion invested in renewable electricity generation, even though achieving the Paris agreement’s target implies leaving at least three quarters of known fossil-fuel
reserves
in the ground.
Similarly, a large war chest of
reserves
can help hold off the crisis for a while.
Indeed, the People’s Bank of China’s foreign-exchange
reserves
peaked in mid-2014.
In order to keep their currencies from appreciating, they bought dollars (thus accumulating foreign-exchange reserves).
They also offset the expansionary effects of the accumulation of
reserves
by, among other things, increasing their commercial banks’ reserve requirements.
As a consequence of this policy, China’s ratio of foreign-exchange
reserves
to money rose spectacularly, roughly doubling from 2003 to 2008.
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