“…Some studies have pointed to the possible connection between reserve accumulation and current account surpluses in Asia, but they generally have not conducted statistical analysis of this connection. See, for example, Dooley, FolkertsLandau, and Garber (2004), Cova, Pisani, and Rebucci (2009), Adams andPark (2009), andCook andYetman (2011).…”