id	sid	tid	token	lemma	pos
fbem-13195	1	1	frontiers	frontier	NOUN
fbem-13195	1	2	in	in	ADP
fbem-13195	1	3	business	business	NOUN
fbem-13195	1	4	,	,	PUNCT
fbem-13195	1	5	economics	economic	NOUN
fbem-13195	1	6	and	and	CCONJ
fbem-13195	1	7	management	management	NOUN
fbem-13195	1	8	issn	issn	PROPN
fbem-13195	1	9	:	:	PUNCT
fbem-13195	1	10	2766	2766	NUM
fbem-13195	1	11	-	-	PUNCT
fbem-13195	1	12	824x	824x	NUM
fbem-13195	1	13	|	|	ADJ
fbem-13195	1	14	vol	vol	NOUN
fbem-13195	1	15	.	.	PUNCT
fbem-13195	2	1	11	11	NUM
fbem-13195	2	2	,	,	PUNCT
fbem-13195	2	3	no	no	INTJ
fbem-13195	2	4	.	.	NOUN
fbem-13195	2	5	3	3	NUM
fbem-13195	2	6	,	,	PUNCT
fbem-13195	2	7	2023	2023	NUM
fbem-13195	2	8	95	95	NUM
fbem-13195	2	9	co‐movement	co‐movement	ADJ
fbem-13195	2	10	analysis	analysis	NOUN
fbem-13195	2	11	of	of	ADP
fbem-13195	2	12	foreign	foreign	ADJ
fbem-13195	2	13	exchange	exchange	NOUN
fbem-13195	2	14	reserve	reserve	NOUN
fbem-13195	2	15	volatility	volatility	NOUN
fbem-13195	2	16	in	in	ADP
fbem-13195	2	17	brics	brics	PROPN
fbem-13195	2	18	countries	countries	PROPN
fbem-13195	2	19	huiwen	huiwen	PROPN
fbem-13195	2	20	wang1	wang1	PROPN
fbem-13195	2	21	,	,	PUNCT
fbem-13195	2	22	a	a	DET
fbem-13195	2	23	1school	1school	NUM
fbem-13195	2	24	of	of	ADP
fbem-13195	2	25	statistics	statistic	NOUN
fbem-13195	2	26	and	and	CCONJ
fbem-13195	2	27	mathematics	mathematic	NOUN
fbem-13195	2	28	,	,	PUNCT
fbem-13195	2	29	shandong	shandong	PROPN
fbem-13195	2	30	university	university	PROPN
fbem-13195	2	31	of	of	ADP
fbem-13195	2	32	finance	finance	NOUN
fbem-13195	2	33	and	and	CCONJ
fbem-13195	2	34	economics	economic	NOUN
fbem-13195	2	35	,	,	PUNCT
fbem-13195	2	36	jinan	jinan	PROPN
fbem-13195	2	37	,	,	PUNCT
fbem-13195	2	38	shandong	shandong	PROPN
fbem-13195	2	39	province	province	PROPN
fbem-13195	2	40	,	,	PUNCT
fbem-13195	2	41	250014	250014	NUM
fbem-13195	2	42	,	,	PUNCT
fbem-13195	2	43	china	china	PROPN
fbem-13195	2	44	awhwhkmf@163.com	awhwhkmf@163.com	PROPN
fbem-13195	2	45	abstract	abstract	NOUN
fbem-13195	2	46	:	:	PUNCT
fbem-13195	2	47	foreign	foreign	ADJ
fbem-13195	2	48	exchange	exchange	NOUN
fbem-13195	2	49	reserves	reserve	NOUN
fbem-13195	2	50	are	be	AUX
fbem-13195	2	51	an	an	DET
fbem-13195	2	52	important	important	ADJ
fbem-13195	2	53	component	component	NOUN
fbem-13195	2	54	of	of	ADP
fbem-13195	2	55	a	a	DET
fbem-13195	2	56	country	country	NOUN
fbem-13195	2	57	's	's	PART
fbem-13195	2	58	official	official	ADJ
fbem-13195	2	59	reserve	reserve	NOUN
fbem-13195	2	60	assets	asset	NOUN
fbem-13195	2	61	and	and	CCONJ
fbem-13195	2	62	an	an	DET
fbem-13195	2	63	important	important	ADJ
fbem-13195	2	64	indicator	indicator	NOUN
fbem-13195	2	65	of	of	ADP
fbem-13195	2	66	a	a	DET
fbem-13195	2	67	country	country	NOUN
fbem-13195	2	68	's	's	PART
fbem-13195	2	69	international	international	ADJ
fbem-13195	2	70	liquidity	liquidity	NOUN
fbem-13195	2	71	.	.	PUNCT
fbem-13195	3	1	as	as	ADP
fbem-13195	3	2	representatives	representative	NOUN
fbem-13195	3	3	of	of	ADP
fbem-13195	3	4	emerging	emerge	VERB
fbem-13195	3	5	market	market	NOUN
fbem-13195	3	6	countries	country	NOUN
fbem-13195	3	7	and	and	CCONJ
fbem-13195	3	8	developing	develop	VERB
fbem-13195	3	9	countries	country	NOUN
fbem-13195	3	10	,	,	PUNCT
fbem-13195	3	11	the	the	DET
fbem-13195	3	12	volatility	volatility	NOUN
fbem-13195	3	13	of	of	ADP
fbem-13195	3	14	the	the	DET
fbem-13195	3	15	foreign	foreign	ADJ
fbem-13195	3	16	exchange	exchange	NOUN
fbem-13195	3	17	reserves	reserve	NOUN
fbem-13195	3	18	of	of	ADP
fbem-13195	3	19	the	the	DET
fbem-13195	3	20	brics	bric	NOUN
fbem-13195	3	21	countries	country	NOUN
fbem-13195	3	22	is	be	AUX
fbem-13195	3	23	crucial	crucial	ADJ
fbem-13195	3	24	to	to	ADP
fbem-13195	3	25	the	the	DET
fbem-13195	3	26	world	world	NOUN
fbem-13195	3	27	.	.	PUNCT
fbem-13195	4	1	studying	study	VERB
fbem-13195	4	2	whether	whether	SCONJ
fbem-13195	4	3	there	there	PRON
fbem-13195	4	4	is	be	VERB
fbem-13195	4	5	volatility	volatility	NOUN
fbem-13195	4	6	of	of	ADP
fbem-13195	4	7	foreign	foreign	ADJ
fbem-13195	4	8	exchange	exchange	NOUN
fbem-13195	4	9	reserves	reserve	NOUN
fbem-13195	4	10	among	among	ADP
fbem-13195	4	11	the	the	DET
fbem-13195	4	12	five	five	NUM
fbem-13195	4	13	countries	country	NOUN
fbem-13195	4	14	is	be	AUX
fbem-13195	4	15	conducive	conducive	ADJ
fbem-13195	4	16	to	to	ADP
fbem-13195	4	17	adjusting	adjust	VERB
fbem-13195	4	18	the	the	DET
fbem-13195	4	19	direction	direction	NOUN
fbem-13195	4	20	of	of	ADP
fbem-13195	4	21	foreign	foreign	ADJ
fbem-13195	4	22	exchange	exchange	NOUN
fbem-13195	4	23	reserve	reserve	NOUN
fbem-13195	4	24	management	management	NOUN
fbem-13195	4	25	within	within	ADP
fbem-13195	4	26	the	the	DET
fbem-13195	4	27	country	country	NOUN
fbem-13195	4	28	,	,	PUNCT
fbem-13195	4	29	better	well	ADV
fbem-13195	4	30	exploring	explore	VERB
fbem-13195	4	31	ways	way	NOUN
fbem-13195	4	32	to	to	PART
fbem-13195	4	33	promote	promote	VERB
fbem-13195	4	34	the	the	DET
fbem-13195	4	35	development	development	NOUN
fbem-13195	4	36	of	of	ADP
fbem-13195	4	37	the	the	DET
fbem-13195	4	38	foreign	foreign	ADJ
fbem-13195	4	39	exchange	exchange	PROPN
fbem-13195	4	40	reserve	reserve	NOUN
fbem-13195	4	41	market	market	NOUN
fbem-13195	4	42	,	,	PUNCT
fbem-13195	4	43	and	and	CCONJ
fbem-13195	4	44	is	be	AUX
fbem-13195	4	45	also	also	ADV
fbem-13195	4	46	of	of	ADP
fbem-13195	4	47	great	great	ADJ
fbem-13195	4	48	significance	significance	NOUN
fbem-13195	4	49	to	to	ADP
fbem-13195	4	50	the	the	DET
fbem-13195	4	51	future	future	ADJ
fbem-13195	4	52	economic	economic	ADJ
fbem-13195	4	53	cooperation	cooperation	NOUN
fbem-13195	4	54	among	among	ADP
fbem-13195	4	55	the	the	DET
fbem-13195	4	56	five	five	NUM
fbem-13195	4	57	countries	country	NOUN
fbem-13195	4	58	.	.	PUNCT
fbem-13195	5	1	this	this	DET
fbem-13195	5	2	study	study	NOUN
fbem-13195	5	3	uses	use	VERB
fbem-13195	5	4	the	the	DET
fbem-13195	5	5	correlation	correlation	NOUN
fbem-13195	5	6	coefficient	coefficient	NOUN
fbem-13195	5	7	method	method	NOUN
fbem-13195	5	8	,	,	PUNCT
fbem-13195	5	9	granger	granger	PROPN
fbem-13195	5	10	causality	causality	PROPN
fbem-13195	5	11	test	test	NOUN
fbem-13195	5	12	and	and	CCONJ
fbem-13195	5	13	cluster	cluster	NOUN
fbem-13195	5	14	analysis	analysis	NOUN
fbem-13195	5	15	to	to	PART
fbem-13195	5	16	prove	prove	VERB
fbem-13195	5	17	that	that	SCONJ
fbem-13195	5	18	there	there	PRON
fbem-13195	5	19	is	be	VERB
fbem-13195	5	20	indeed	indeed	ADV
fbem-13195	5	21	co	co	NOUN
fbem-13195	5	22	-	-	NOUN
fbem-13195	5	23	movement	movement	NOUN
fbem-13195	5	24	in	in	ADP
fbem-13195	5	25	the	the	DET
fbem-13195	5	26	volatility	volatility	NOUN
fbem-13195	5	27	of	of	ADP
fbem-13195	5	28	foreign	foreign	ADJ
fbem-13195	5	29	exchange	exchange	NOUN
fbem-13195	5	30	reserves	reserve	NOUN
fbem-13195	5	31	among	among	ADP
fbem-13195	5	32	the	the	DET
fbem-13195	5	33	brics	bric	NOUN
fbem-13195	5	34	countries	country	NOUN
fbem-13195	5	35	.	.	PUNCT
fbem-13195	6	1	keywords	keyword	NOUN
fbem-13195	6	2	:	:	PUNCT
fbem-13195	6	3	foreign	foreign	ADJ
fbem-13195	6	4	exchange	exchange	NOUN
fbem-13195	6	5	reserves	reserve	NOUN
fbem-13195	6	6	,	,	PUNCT
fbem-13195	6	7	co	co	NOUN
fbem-13195	6	8	-	-	NOUN
fbem-13195	6	9	movement	movement	NOUN
fbem-13195	6	10	.	.	PUNCT
fbem-13195	7	1	1	1	X
fbem-13195	7	2	.	.	X
fbem-13195	7	3	introduction	introduction	NOUN
fbem-13195	7	4	since	since	SCONJ
fbem-13195	7	5	2008	2008	NUM
fbem-13195	7	6	,	,	PUNCT
fbem-13195	7	7	the	the	DET
fbem-13195	7	8	global	global	ADJ
fbem-13195	7	9	economy	economy	NOUN
fbem-13195	7	10	has	have	AUX
fbem-13195	7	11	been	be	AUX
fbem-13195	7	12	greatly	greatly	ADV
fbem-13195	7	13	impacted	impact	VERB
fbem-13195	7	14	by	by	ADP
fbem-13195	7	15	the	the	DET
fbem-13195	7	16	financial	financial	ADJ
fbem-13195	7	17	crisis	crisis	NOUN
fbem-13195	7	18	,	,	PUNCT
fbem-13195	7	19	the	the	DET
fbem-13195	7	20	economic	economic	ADJ
fbem-13195	7	21	recovery	recovery	NOUN
fbem-13195	7	22	of	of	ADP
fbem-13195	7	23	developed	develop	VERB
fbem-13195	7	24	countries	country	NOUN
fbem-13195	7	25	have	have	AUX
fbem-13195	7	26	been	be	AUX
fbem-13195	7	27	slow	slow	ADJ
fbem-13195	7	28	,	,	PUNCT
fbem-13195	7	29	the	the	DET
fbem-13195	7	30	global	global	ADJ
fbem-13195	7	31	trade	trade	NOUN
fbem-13195	7	32	and	and	CCONJ
fbem-13195	7	33	investment	investment	NOUN
fbem-13195	7	34	situation	situation	NOUN
fbem-13195	7	35	has	have	AUX
fbem-13195	7	36	become	become	VERB
fbem-13195	7	37	more	more	ADV
fbem-13195	7	38	complex	complex	ADJ
fbem-13195	7	39	,	,	PUNCT
fbem-13195	7	40	and	and	CCONJ
fbem-13195	7	41	trade	trade	NOUN
fbem-13195	7	42	protectionism	protectionism	NOUN
fbem-13195	7	43	has	have	AUX
fbem-13195	7	44	begun	begin	VERB
fbem-13195	7	45	to	to	PART
fbem-13195	7	46	appear	appear	VERB
fbem-13195	7	47	.	.	PUNCT
fbem-13195	8	1	some	some	DET
fbem-13195	8	2	countries	country	NOUN
fbem-13195	8	3	that	that	PRON
fbem-13195	8	4	had	have	AUX
fbem-13195	8	5	previously	previously	ADV
fbem-13195	8	6	argued	argue	VERB
fbem-13195	8	7	that	that	SCONJ
fbem-13195	8	8	they	they	PRON
fbem-13195	8	9	did	do	AUX
fbem-13195	8	10	not	not	PART
fbem-13195	8	11	need	need	VERB
fbem-13195	8	12	to	to	PART
fbem-13195	8	13	hold	hold	VERB
fbem-13195	8	14	foreign	foreign	ADJ
fbem-13195	8	15	exchange	exchange	NOUN
fbem-13195	8	16	have	have	AUX
fbem-13195	8	17	also	also	ADV
fbem-13195	8	18	begun	begin	VERB
fbem-13195	8	19	to	to	PART
fbem-13195	8	20	actively	actively	ADV
fbem-13195	8	21	to	to	PART
fbem-13195	8	22	accumulate	accumulate	VERB
fbem-13195	8	23	foreign	foreign	ADJ
fbem-13195	8	24	exchange	exchange	NOUN
fbem-13195	8	25	reserves	reserve	NOUN
fbem-13195	8	26	.	.	PUNCT
fbem-13195	9	1	as	as	ADP
fbem-13195	9	2	an	an	DET
fbem-13195	9	3	important	important	ADJ
fbem-13195	9	4	part	part	NOUN
fbem-13195	9	5	of	of	ADP
fbem-13195	9	6	national	national	ADJ
fbem-13195	9	7	reserves	reserve	NOUN
fbem-13195	9	8	,	,	PUNCT
fbem-13195	9	9	abundant	abundant	ADJ
fbem-13195	9	10	foreign	foreign	ADJ
fbem-13195	9	11	exchange	exchange	NOUN
fbem-13195	9	12	reserves	reserve	NOUN
fbem-13195	9	13	greatly	greatly	ADV
fbem-13195	9	14	strengthen	strengthen	VERB
fbem-13195	9	15	a	a	DET
fbem-13195	9	16	country	country	NOUN
fbem-13195	9	17	's	's	PART
fbem-13195	9	18	international	international	ADJ
fbem-13195	9	19	payment	payment	NOUN
fbem-13195	9	20	strength	strength	NOUN
fbem-13195	9	21	,	,	PUNCT
fbem-13195	9	22	and	and	CCONJ
fbem-13195	9	23	its	its	PRON
fbem-13195	9	24	foreign	foreign	ADJ
fbem-13195	9	25	trade	trade	NOUN
fbem-13195	9	26	liquidity	liquidity	NOUN
fbem-13195	9	27	can	can	AUX
fbem-13195	9	28	further	far	ADV
fbem-13195	9	29	attract	attract	VERB
fbem-13195	9	30	foreign	foreign	ADJ
fbem-13195	9	31	investment	investment	NOUN
fbem-13195	9	32	,	,	PUNCT
fbem-13195	9	33	allowing	allow	VERB
fbem-13195	9	34	large	large	ADJ
fbem-13195	9	35	-	-	PUNCT
fbem-13195	9	36	scale	scale	NOUN
fbem-13195	9	37	foreign	foreign	ADJ
fbem-13195	9	38	capital	capital	NOUN
fbem-13195	9	39	inflows	inflow	NOUN
fbem-13195	9	40	into	into	ADP
fbem-13195	9	41	the	the	DET
fbem-13195	9	42	country	country	NOUN
fbem-13195	9	43	,	,	PUNCT
fbem-13195	9	44	and	and	CCONJ
fbem-13195	9	45	promoting	promote	VERB
fbem-13195	9	46	the	the	DET
fbem-13195	9	47	country	country	NOUN
fbem-13195	9	48	's	's	PART
fbem-13195	9	49	economic	economic	ADJ
fbem-13195	9	50	strength	strength	NOUN
fbem-13195	9	51	to	to	PART
fbem-13195	9	52	improve	improve	VERB
fbem-13195	9	53	more	more	ADV
fbem-13195	9	54	quickly	quickly	ADV
fbem-13195	9	55	.	.	PUNCT
fbem-13195	10	1	the	the	DET
fbem-13195	10	2	brics	brics	PROPN
fbem-13195	10	3	countries	country	NOUN
fbem-13195	10	4	account	account	VERB
fbem-13195	10	5	for	for	ADP
fbem-13195	10	6	26.46	26.46	NUM
fbem-13195	10	7	per	per	ADP
fbem-13195	10	8	cent	cent	NOUN
fbem-13195	10	9	of	of	ADP
fbem-13195	10	10	the	the	DET
fbem-13195	10	11	world	world	NOUN
fbem-13195	10	12	's	's	PART
fbem-13195	10	13	territory	territory	NOUN
fbem-13195	10	14	and	and	CCONJ
fbem-13195	10	15	41.93	41.93	NUM
fbem-13195	10	16	per	per	ADP
fbem-13195	10	17	cent	cent	NOUN
fbem-13195	10	18	of	of	ADP
fbem-13195	10	19	the	the	DET
fbem-13195	10	20	world	world	NOUN
fbem-13195	10	21	's	's	PART
fbem-13195	10	22	population	population	NOUN
fbem-13195	10	23	,	,	PUNCT
fbem-13195	10	24	and	and	CCONJ
fbem-13195	10	25	imf	imf	PROPN
fbem-13195	10	26	data	datum	NOUN
fbem-13195	10	27	show	show	VERB
fbem-13195	10	28	that	that	SCONJ
fbem-13195	10	29	since	since	SCONJ
fbem-13195	10	30	the	the	DET
fbem-13195	10	31	establishment	establishment	NOUN
fbem-13195	10	32	of	of	ADP
fbem-13195	10	33	the	the	DET
fbem-13195	10	34	brics	bric	NOUN
fbem-13195	10	35	countries	country	NOUN
fbem-13195	10	36	,	,	PUNCT
fbem-13195	10	37	developing	develop	VERB
fbem-13195	10	38	countries	country	NOUN
fbem-13195	10	39	with	with	ADP
fbem-13195	10	40	the	the	DET
fbem-13195	10	41	brics	bric	NOUN
fbem-13195	10	42	as	as	SCONJ
fbem-13195	10	43	the	the	DET
fbem-13195	10	44	core	core	NOUN
fbem-13195	10	45	have	have	AUX
fbem-13195	10	46	contributed	contribute	VERB
fbem-13195	10	47	more	more	ADJ
fbem-13195	10	48	than	than	ADP
fbem-13195	10	49	70	70	NUM
fbem-13195	10	50	per	per	ADP
fbem-13195	10	51	cent	cent	NOUN
fbem-13195	10	52	of	of	ADP
fbem-13195	10	53	the	the	DET
fbem-13195	10	54	world	world	NOUN
fbem-13195	10	55	's	's	PART
fbem-13195	10	56	economic	economic	ADJ
fbem-13195	10	57	growth	growth	NOUN
fbem-13195	10	58	,	,	PUNCT
fbem-13195	10	59	and	and	CCONJ
fbem-13195	10	60	the	the	DET
fbem-13195	10	61	brics	bric	NOUN
fbem-13195	10	62	countries	country	NOUN
fbem-13195	10	63	have	have	AUX
fbem-13195	10	64	contributed	contribute	VERB
fbem-13195	10	65	more	more	ADJ
fbem-13195	10	66	than	than	ADP
fbem-13195	10	67	50	50	NUM
fbem-13195	10	68	per	per	ADP
fbem-13195	10	69	cent	cent	NOUN
fbem-13195	10	70	of	of	ADP
fbem-13195	10	71	the	the	DET
fbem-13195	10	72	world	world	NOUN
fbem-13195	10	73	's	's	PART
fbem-13195	10	74	economic	economic	ADJ
fbem-13195	10	75	growth	growth	NOUN
fbem-13195	10	76	,	,	PUNCT
fbem-13195	10	77	much	much	ADV
fbem-13195	10	78	higher	high	ADJ
fbem-13195	10	79	than	than	ADP
fbem-13195	10	80	the	the	DET
fbem-13195	10	81	g7	g7	PROPN
fbem-13195	10	82	.	.	PUNCT
fbem-13195	11	1	50	50	NUM
fbem-13195	11	2	per	per	ADP
fbem-13195	11	3	cent	cent	NOUN
fbem-13195	11	4	,	,	PUNCT
fbem-13195	11	5	much	much	ADV
fbem-13195	11	6	higher	high	ADJ
fbem-13195	11	7	than	than	ADP
fbem-13195	11	8	that	that	PRON
fbem-13195	11	9	of	of	ADP
fbem-13195	11	10	the	the	DET
fbem-13195	11	11	g7	g7	PROPN
fbem-13195	11	12	.	.	PUNCT
fbem-13195	12	1	in	in	ADP
fbem-13195	12	2	2021	2021	NUM
fbem-13195	12	3	,	,	PUNCT
fbem-13195	12	4	the	the	DET
fbem-13195	12	5	brics	bric	NOUN
fbem-13195	12	6	achieved	achieve	VERB
fbem-13195	12	7	an	an	DET
fbem-13195	12	8	economic	economic	ADJ
fbem-13195	12	9	growth	growth	NOUN
fbem-13195	12	10	rate	rate	NOUN
fbem-13195	12	11	of	of	ADP
fbem-13195	12	12	7.6	7.6	NUM
fbem-13195	12	13	per	per	ADP
fbem-13195	12	14	cent	cent	NOUN
fbem-13195	12	15	,	,	PUNCT
fbem-13195	12	16	much	much	ADV
fbem-13195	12	17	higher	high	ADJ
fbem-13195	12	18	than	than	ADP
fbem-13195	12	19	the	the	DET
fbem-13195	12	20	world	world	NOUN
fbem-13195	12	21	average	average	NOUN
fbem-13195	12	22	of	of	ADP
fbem-13195	12	23	5.5	5.5	NUM
fbem-13195	12	24	per	per	ADP
fbem-13195	12	25	cent	cent	NOUN
fbem-13195	12	26	,	,	PUNCT
fbem-13195	12	27	and	and	CCONJ
fbem-13195	12	28	the	the	DET
fbem-13195	12	29	trade	trade	NOUN
fbem-13195	12	30	volume	volume	NOUN
fbem-13195	12	31	among	among	ADP
fbem-13195	12	32	brics	bric	NOUN
fbem-13195	12	33	countries	country	NOUN
fbem-13195	12	34	increased	increase	VERB
fbem-13195	12	35	by	by	ADP
fbem-13195	12	36	300	300	NUM
fbem-13195	12	37	per	per	ADP
fbem-13195	12	38	cent	cent	NOUN
fbem-13195	12	39	compared	compare	VERB
fbem-13195	12	40	with	with	ADP
fbem-13195	12	41	that	that	PRON
fbem-13195	12	42	of	of	ADP
fbem-13195	12	43	2006	2006	NUM
fbem-13195	12	44	,	,	PUNCT
fbem-13195	12	45	making	make	VERB
fbem-13195	12	46	it	it	PRON
fbem-13195	12	47	the	the	DET
fbem-13195	12	48	engine	engine	NOUN
fbem-13195	12	49	that	that	PRON
fbem-13195	12	50	leads	lead	VERB
fbem-13195	12	51	the	the	DET
fbem-13195	12	52	world	world	NOUN
fbem-13195	12	53	's	's	PART
fbem-13195	12	54	economic	economic	ADJ
fbem-13195	12	55	recovery	recovery	NOUN
fbem-13195	12	56	and	and	CCONJ
fbem-13195	12	57	,	,	PUNCT
fbem-13195	12	58	in	in	ADP
fbem-13195	12	59	fact	fact	NOUN
fbem-13195	12	60	,	,	PUNCT
fbem-13195	12	61	economic	economic	ADJ
fbem-13195	12	62	growth	growth	NOUN
fbem-13195	12	63	.	.	PUNCT
fbem-13195	13	1	in	in	ADP
fbem-13195	13	2	terms	term	NOUN
fbem-13195	13	3	of	of	ADP
fbem-13195	13	4	foreign	foreign	ADJ
fbem-13195	13	5	exchange	exchange	NOUN
fbem-13195	13	6	reserves	reserve	NOUN
fbem-13195	13	7	,	,	PUNCT
fbem-13195	13	8	the	the	DET
fbem-13195	13	9	volume	volume	NOUN
fbem-13195	13	10	of	of	ADP
fbem-13195	13	11	global	global	ADJ
fbem-13195	13	12	foreign	foreign	ADJ
fbem-13195	13	13	exchange	exchange	NOUN
fbem-13195	13	14	reserves	reserve	NOUN
fbem-13195	13	15	has	have	AUX
fbem-13195	13	16	surged	surge	VERB
fbem-13195	13	17	,	,	PUNCT
fbem-13195	13	18	jumping	jump	VERB
fbem-13195	13	19	from	from	ADP
fbem-13195	13	20	$	$	SYM
fbem-13195	13	21	1.76	1.76	NUM
fbem-13195	13	22	trillion	trillion	NUM
fbem-13195	13	23	in	in	ADP
fbem-13195	13	24	1998	1998	NUM
fbem-13195	13	25	to	to	ADP
fbem-13195	13	26	$	$	SYM
fbem-13195	13	27	11.79	11.79	NUM
fbem-13195	13	28	trillion	trillion	NUM
fbem-13195	13	29	in	in	ADP
fbem-13195	13	30	2017	2017	NUM
fbem-13195	13	31	,	,	PUNCT
fbem-13195	13	32	with	with	ADP
fbem-13195	13	33	the	the	DET
fbem-13195	13	34	share	share	NOUN
fbem-13195	13	35	of	of	ADP
fbem-13195	13	36	emerging	emerge	VERB
fbem-13195	13	37	market	market	NOUN
fbem-13195	13	38	countries	country	NOUN
fbem-13195	13	39	in	in	ADP
fbem-13195	13	40	total	total	ADJ
fbem-13195	13	41	global	global	ADJ
fbem-13195	13	42	foreign	foreign	ADJ
fbem-13195	13	43	exchange	exchange	NOUN
fbem-13195	13	44	reserves	reserve	NOUN
fbem-13195	13	45	rising	rise	VERB
fbem-13195	13	46	from	from	ADP
fbem-13195	13	47	36	36	NUM
fbem-13195	13	48	per	per	NOUN
fbem-13195	13	49	cent	cent	NOUN
fbem-13195	13	50	to	to	ADP
fbem-13195	13	51	59	59	NUM
fbem-13195	13	52	per	per	ADP
fbem-13195	13	53	cent	cent	NOUN
fbem-13195	13	54	.	.	PUNCT
fbem-13195	14	1	in	in	ADP
fbem-13195	14	2	2014	2014	NUM
fbem-13195	14	3	the	the	DET
fbem-13195	14	4	brics	bric	NOUN
fbem-13195	14	5	countries	country	NOUN
fbem-13195	14	6	accounted	account	VERB
fbem-13195	14	7	for	for	ADP
fbem-13195	14	8	as	as	ADV
fbem-13195	14	9	much	much	ADJ
fbem-13195	14	10	as	as	ADP
fbem-13195	14	11	61	61	NUM
fbem-13195	14	12	per	per	ADP
fbem-13195	14	13	cent	cent	NOUN
fbem-13195	14	14	of	of	ADP
fbem-13195	14	15	the	the	DET
fbem-13195	14	16	reserve	reserve	NOUN
fbem-13195	14	17	asset	asset	NOUN
fbem-13195	14	18	share	share	NOUN
fbem-13195	14	19	of	of	ADP
fbem-13195	14	20	emerging	emerge	VERB
fbem-13195	14	21	market	market	NOUN
fbem-13195	14	22	economies	economy	NOUN
fbem-13195	14	23	.	.	PUNCT
fbem-13195	15	1	it	it	PRON
fbem-13195	15	2	can	can	AUX
fbem-13195	15	3	be	be	AUX
fbem-13195	15	4	seen	see	VERB
fbem-13195	15	5	that	that	SCONJ
fbem-13195	15	6	today	today	NOUN
fbem-13195	15	7	the	the	DET
fbem-13195	15	8	brics	bric	NOUN
fbem-13195	15	9	countries	country	NOUN
fbem-13195	15	10	are	be	AUX
fbem-13195	15	11	playing	play	VERB
fbem-13195	15	12	an	an	DET
fbem-13195	15	13	increasingly	increasingly	ADV
fbem-13195	15	14	important	important	ADJ
fbem-13195	15	15	role	role	NOUN
fbem-13195	15	16	in	in	ADP
fbem-13195	15	17	the	the	DET
fbem-13195	15	18	growth	growth	NOUN
fbem-13195	15	19	of	of	ADP
fbem-13195	15	20	global	global	ADJ
fbem-13195	15	21	foreign	foreign	ADJ
fbem-13195	15	22	exchange	exchange	NOUN
fbem-13195	15	23	reserves	reserve	NOUN
fbem-13195	15	24	.	.	PUNCT
fbem-13195	16	1	in	in	ADP
fbem-13195	16	2	recent	recent	ADJ
fbem-13195	16	3	years	year	NOUN
fbem-13195	16	4	,	,	PUNCT
fbem-13195	16	5	the	the	DET
fbem-13195	16	6	influence	influence	NOUN
fbem-13195	16	7	and	and	CCONJ
fbem-13195	16	8	attractiveness	attractiveness	NOUN
fbem-13195	16	9	of	of	ADP
fbem-13195	16	10	the	the	DET
fbem-13195	16	11	brics	bric	NOUN
fbem-13195	16	12	mechanism	mechanism	NOUN
fbem-13195	16	13	has	have	AUX
fbem-13195	16	14	continued	continue	VERB
fbem-13195	16	15	to	to	PART
fbem-13195	16	16	grow	grow	VERB
fbem-13195	16	17	.	.	PUNCT
fbem-13195	17	1	the	the	DET
fbem-13195	17	2	five	five	NUM
fbem-13195	17	3	countries	country	NOUN
fbem-13195	17	4	have	have	AUX
fbem-13195	17	5	adhered	adhere	VERB
fbem-13195	17	6	to	to	ADP
fbem-13195	17	7	fairness	fairness	NOUN
fbem-13195	17	8	and	and	CCONJ
fbem-13195	17	9	justice	justice	NOUN
fbem-13195	17	10	,	,	PUNCT
fbem-13195	17	11	actively	actively	ADV
fbem-13195	17	12	promoted	promote	VERB
fbem-13195	17	13	the	the	DET
fbem-13195	17	14	reform	reform	NOUN
fbem-13195	17	15	of	of	ADP
fbem-13195	17	16	the	the	DET
fbem-13195	17	17	global	global	ADJ
fbem-13195	17	18	governance	governance	NOUN
fbem-13195	17	19	system	system	NOUN
fbem-13195	17	20	,	,	PUNCT
fbem-13195	17	21	greatly	greatly	ADV
fbem-13195	17	22	enhanced	enhance	VERB
fbem-13195	17	23	the	the	DET
fbem-13195	17	24	international	international	ADJ
fbem-13195	17	25	discourse	discourse	NOUN
fbem-13195	17	26	of	of	ADP
fbem-13195	17	27	emerging	emerge	VERB
fbem-13195	17	28	market	market	NOUN
fbem-13195	17	29	countries	country	NOUN
fbem-13195	17	30	and	and	CCONJ
fbem-13195	17	31	developing	develop	VERB
fbem-13195	17	32	countries	country	NOUN
fbem-13195	17	33	,	,	PUNCT
fbem-13195	17	34	gradually	gradually	ADV
fbem-13195	17	35	consolidated	consolidate	VERB
fbem-13195	17	36	the	the	DET
fbem-13195	17	37	foundation	foundation	NOUN
fbem-13195	17	38	of	of	ADP
fbem-13195	17	39	cooperation	cooperation	NOUN
fbem-13195	17	40	,	,	PUNCT
fbem-13195	17	41	and	and	CCONJ
fbem-13195	17	42	continuously	continuously	ADV
fbem-13195	17	43	expanded	expand	VERB
fbem-13195	17	44	the	the	DET
fbem-13195	17	45	areas	area	NOUN
fbem-13195	17	46	of	of	ADP
fbem-13195	17	47	cooperation	cooperation	NOUN
fbem-13195	17	48	,	,	PUNCT
fbem-13195	17	49	becoming	become	VERB
fbem-13195	17	50	a	a	DET
fbem-13195	17	51	constructive	constructive	ADJ
fbem-13195	17	52	force	force	NOUN
fbem-13195	17	53	in	in	ADP
fbem-13195	17	54	promoting	promote	VERB
fbem-13195	17	55	world	world	NOUN
fbem-13195	17	56	economic	economic	ADJ
fbem-13195	17	57	growth	growth	NOUN
fbem-13195	17	58	,	,	PUNCT
fbem-13195	17	59	improving	improve	VERB
fbem-13195	17	60	global	global	ADJ
fbem-13195	17	61	governance	governance	NOUN
fbem-13195	17	62	and	and	CCONJ
fbem-13195	17	63	promoting	promote	VERB
fbem-13195	17	64	the	the	DET
fbem-13195	17	65	democratisation	democratisation	NOUN
fbem-13195	17	66	of	of	ADP
fbem-13195	17	67	international	international	ADJ
fbem-13195	17	68	relations	relation	NOUN
fbem-13195	17	69	.	.	PUNCT
fbem-13195	18	1	as	as	SCONJ
fbem-13195	18	2	global	global	ADJ
fbem-13195	18	3	economic	economic	ADJ
fbem-13195	18	4	integration	integration	NOUN
fbem-13195	18	5	continues	continue	VERB
fbem-13195	18	6	to	to	PART
fbem-13195	18	7	strengthen	strengthen	VERB
fbem-13195	18	8	,	,	PUNCT
fbem-13195	18	9	changes	change	NOUN
fbem-13195	18	10	in	in	ADP
fbem-13195	18	11	the	the	DET
fbem-13195	18	12	world	world	NOUN
fbem-13195	18	13	economic	economic	ADJ
fbem-13195	18	14	environment	environment	NOUN
fbem-13195	18	15	tend	tend	VERB
fbem-13195	18	16	to	to	PART
fbem-13195	18	17	have	have	VERB
fbem-13195	18	18	a	a	DET
fbem-13195	18	19	stronger	strong	ADJ
fbem-13195	18	20	impact	impact	NOUN
fbem-13195	18	21	on	on	ADP
fbem-13195	18	22	the	the	DET
fbem-13195	18	23	brics	bric	NOUN
fbem-13195	18	24	countries	country	NOUN
fbem-13195	18	25	.	.	PUNCT
fbem-13195	19	1	for	for	ADP
fbem-13195	19	2	the	the	DET
fbem-13195	19	3	brics	bric	NOUN
fbem-13195	19	4	countries	country	NOUN
fbem-13195	19	5	,	,	PUNCT
fbem-13195	19	6	having	have	VERB
fbem-13195	19	7	a	a	DET
fbem-13195	19	8	certain	certain	ADJ
fbem-13195	19	9	scale	scale	NOUN
fbem-13195	19	10	of	of	ADP
fbem-13195	19	11	foreign	foreign	ADJ
fbem-13195	19	12	exchange	exchange	NOUN
fbem-13195	19	13	reserves	reserve	NOUN
fbem-13195	19	14	is	be	AUX
fbem-13195	19	15	conducive	conducive	ADJ
fbem-13195	19	16	to	to	ADP
fbem-13195	19	17	maintaining	maintain	VERB
fbem-13195	19	18	the	the	DET
fbem-13195	19	19	healthy	healthy	ADJ
fbem-13195	19	20	and	and	CCONJ
fbem-13195	19	21	stable	stable	ADJ
fbem-13195	19	22	development	development	NOUN
fbem-13195	19	23	of	of	ADP
fbem-13195	19	24	the	the	DET
fbem-13195	19	25	national	national	ADJ
fbem-13195	19	26	economy	economy	NOUN
fbem-13195	19	27	,	,	PUNCT
fbem-13195	19	28	and	and	CCONJ
fbem-13195	19	29	analysing	analyse	VERB
fbem-13195	19	30	the	the	DET
fbem-13195	19	31	co	co	NOUN
fbem-13195	19	32	-	-	NOUN
fbem-13195	19	33	movement	movement	NOUN
fbem-13195	19	34	of	of	ADP
fbem-13195	19	35	foreign	foreign	ADJ
fbem-13195	19	36	exchange	exchange	NOUN
fbem-13195	19	37	reserve	reserve	NOUN
fbem-13195	19	38	fluctuations	fluctuation	NOUN
fbem-13195	19	39	among	among	ADP
fbem-13195	19	40	countries	country	NOUN
fbem-13195	19	41	is	be	AUX
fbem-13195	19	42	conducive	conducive	ADJ
fbem-13195	19	43	to	to	ADP
fbem-13195	19	44	adjusting	adjust	VERB
fbem-13195	19	45	the	the	DET
fbem-13195	19	46	direction	direction	NOUN
fbem-13195	19	47	of	of	ADP
fbem-13195	19	48	foreign	foreign	ADJ
fbem-13195	19	49	exchange	exchange	NOUN
fbem-13195	19	50	reserve	reserve	NOUN
fbem-13195	19	51	management	management	NOUN
fbem-13195	19	52	within	within	ADP
fbem-13195	19	53	the	the	DET
fbem-13195	19	54	countries	country	NOUN
fbem-13195	19	55	,	,	PUNCT
fbem-13195	19	56	enhancing	enhance	VERB
fbem-13195	19	57	the	the	DET
fbem-13195	19	58	stability	stability	NOUN
fbem-13195	19	59	and	and	CCONJ
fbem-13195	19	60	sustainability	sustainability	NOUN
fbem-13195	19	61	of	of	ADP
fbem-13195	19	62	their	their	PRON
fbem-13195	19	63	own	own	ADJ
fbem-13195	19	64	economies	economy	NOUN
fbem-13195	19	65	,	,	PUNCT
fbem-13195	19	66	and	and	CCONJ
fbem-13195	19	67	,	,	PUNCT
fbem-13195	19	68	at	at	ADP
fbem-13195	19	69	the	the	DET
fbem-13195	19	70	same	same	ADJ
fbem-13195	19	71	time	time	NOUN
fbem-13195	19	72	,	,	PUNCT
fbem-13195	19	73	it	it	PRON
fbem-13195	19	74	has	have	VERB
fbem-13195	19	75	an	an	DET
fbem-13195	19	76	important	important	ADJ
fbem-13195	19	77	significance	significance	NOUN
fbem-13195	19	78	for	for	ADP
fbem-13195	19	79	the	the	DET
fbem-13195	19	80	future	future	ADJ
fbem-13195	19	81	economic	economic	ADJ
fbem-13195	19	82	cooperation	cooperation	NOUN
fbem-13195	19	83	among	among	ADP
fbem-13195	19	84	the	the	DET
fbem-13195	19	85	five	five	NUM
fbem-13195	19	86	countries	country	NOUN
fbem-13195	19	87	.	.	PUNCT
fbem-13195	20	1	2	2	X
fbem-13195	20	2	.	.	X
fbem-13195	20	3	literature	literature	NOUN
fbem-13195	20	4	review	review	VERB
fbem-13195	20	5	foreign	foreign	ADJ
fbem-13195	20	6	exchange	exchange	NOUN
fbem-13195	20	7	reserves	reserve	NOUN
fbem-13195	20	8	as	as	ADP
fbem-13195	20	9	a	a	DET
fbem-13195	20	10	country	country	NOUN
fbem-13195	20	11	's	's	PART
fbem-13195	20	12	economic	economic	ADJ
fbem-13195	20	13	regulation	regulation	NOUN
fbem-13195	20	14	,	,	PUNCT
fbem-13195	20	15	to	to	PART
fbem-13195	20	16	achieve	achieve	VERB
fbem-13195	20	17	an	an	DET
fbem-13195	20	18	important	important	ADJ
fbem-13195	20	19	means	mean	NOUN
fbem-13195	20	20	of	of	ADP
fbem-13195	20	21	internal	internal	ADJ
fbem-13195	20	22	and	and	CCONJ
fbem-13195	20	23	external	external	ADJ
fbem-13195	20	24	balance	balance	NOUN
fbem-13195	20	25	,	,	PUNCT
fbem-13195	20	26	play	play	VERB
fbem-13195	20	27	an	an	DET
fbem-13195	20	28	increasingly	increasingly	ADV
fbem-13195	20	29	important	important	ADJ
fbem-13195	20	30	role	role	NOUN
fbem-13195	20	31	,	,	PUNCT
fbem-13195	20	32	domestic	domestic	ADJ
fbem-13195	20	33	and	and	CCONJ
fbem-13195	20	34	foreign	foreign	ADJ
fbem-13195	20	35	scholars	scholar	NOUN
fbem-13195	20	36	have	have	AUX
fbem-13195	20	37	conducted	conduct	VERB
fbem-13195	20	38	relevant	relevant	ADJ
fbem-13195	20	39	research	research	NOUN
fbem-13195	20	40	on	on	ADP
fbem-13195	20	41	it	it	PRON
fbem-13195	20	42	.	.	PUNCT
fbem-13195	21	1	existing	exist	VERB
fbem-13195	21	2	literature	literature	NOUN
fbem-13195	21	3	mainly	mainly	ADV
fbem-13195	21	4	focuses	focus	VERB
fbem-13195	21	5	on	on	ADP
fbem-13195	21	6	the	the	DET
fbem-13195	21	7	influence	influence	NOUN
fbem-13195	21	8	factors	factor	NOUN
fbem-13195	21	9	of	of	ADP
fbem-13195	21	10	foreign	foreign	ADJ
fbem-13195	21	11	exchange	exchange	NOUN
fbem-13195	21	12	reserves	reserve	NOUN
fbem-13195	21	13	and	and	CCONJ
fbem-13195	21	14	the	the	DET
fbem-13195	21	15	moderation	moderation	NOUN
fbem-13195	21	16	of	of	ADP
fbem-13195	21	17	its	its	PRON
fbem-13195	21	18	size	size	NOUN
fbem-13195	21	19	analysis	analysis	NOUN
fbem-13195	21	20	.	.	PUNCT
fbem-13195	22	1	regarding	regard	VERB
fbem-13195	22	2	the	the	DET
fbem-13195	22	3	analysis	analysis	NOUN
fbem-13195	22	4	of	of	ADP
fbem-13195	22	5	the	the	DET
fbem-13195	22	6	factors	factor	NOUN
fbem-13195	22	7	influencing	influence	VERB
fbem-13195	22	8	the	the	DET
fbem-13195	22	9	size	size	NOUN
fbem-13195	22	10	of	of	ADP
fbem-13195	22	11	foreign	foreign	ADJ
fbem-13195	22	12	exchange	exchange	NOUN
fbem-13195	22	13	reserves	reserve	NOUN
fbem-13195	22	14	,	,	PUNCT
fbem-13195	22	15	most	most	ADJ
fbem-13195	22	16	existing	exist	VERB
fbem-13195	22	17	studies	study	NOUN
fbem-13195	22	18	focus	focus	VERB
fbem-13195	22	19	on	on	ADP
fbem-13195	22	20	individual	individual	ADJ
fbem-13195	22	21	countries	country	NOUN
fbem-13195	22	22	.	.	PUNCT
fbem-13195	23	1	luo	luo	PROPN
fbem-13195	23	2	sumei	sumei	PROPN
fbem-13195	23	3	and	and	CCONJ
fbem-13195	23	4	zhou	zhou	PROPN
fbem-13195	23	5	guangyou	guangyou	PROPN
fbem-13195	23	6	constructed	construct	VERB
fbem-13195	23	7	a	a	DET
fbem-13195	23	8	framework	framework	NOUN
fbem-13195	23	9	for	for	ADP
fbem-13195	23	10	analysing	analyse	VERB
fbem-13195	23	11	the	the	DET
fbem-13195	23	12	optimal	optimal	ADJ
fbem-13195	23	13	size	size	NOUN
fbem-13195	23	14	based	base	VERB
fbem-13195	23	15	on	on	ADP
fbem-13195	23	16	multilevel	multilevel	ADJ
fbem-13195	23	17	dynamic	dynamic	ADJ
fbem-13195	23	18	substitution	substitution	NOUN
fbem-13195	23	19	,	,	PUNCT
fbem-13195	23	20	and	and	CCONJ
fbem-13195	23	21	the	the	DET
fbem-13195	23	22	study	study	NOUN
fbem-13195	23	23	showed	show	VERB
fbem-13195	23	24	that	that	SCONJ
fbem-13195	23	25	imports	import	NOUN
fbem-13195	23	26	,	,	PUNCT
fbem-13195	23	27	fdi	fdi	PROPN
fbem-13195	23	28	,	,	PUNCT
fbem-13195	23	29	external	external	ADJ
fbem-13195	23	30	debt	debt	NOUN
fbem-13195	23	31	,	,	PUNCT
fbem-13195	23	32	cross	cross	ADJ
fbem-13195	23	33	-	-	ADJ
fbem-13195	23	34	border	border	ADJ
fbem-13195	23	35	capital	capital	NOUN
fbem-13195	23	36	flows	flow	NOUN
fbem-13195	23	37	,	,	PUNCT
fbem-13195	23	38	interest	interest	NOUN
fbem-13195	23	39	rates	rate	NOUN
fbem-13195	23	40	,	,	PUNCT
fbem-13195	23	41	and	and	CCONJ
fbem-13195	23	42	exchange	exchange	NOUN
fbem-13195	23	43	rates	rate	NOUN
fbem-13195	23	44	have	have	VERB
fbem-13195	23	45	a	a	DET
fbem-13195	23	46	significant	significant	ADJ
fbem-13195	23	47	impact	impact	NOUN
fbem-13195	23	48	on	on	ADP
fbem-13195	23	49	the	the	DET
fbem-13195	23	50	size	size	NOUN
fbem-13195	23	51	of	of	ADP
fbem-13195	23	52	foreign	foreign	ADJ
fbem-13195	23	53	exchange	exchange	NOUN
fbem-13195	23	54	reserves.[1	reserves.[1	NOUN
fbem-13195	23	55	]	]	X
fbem-13195	24	1	liu	liu	PROPN
fbem-13195	24	2	yixin	yixin	PROPN
fbem-13195	24	3	and	and	CCONJ
fbem-13195	24	4	ma	ma	PROPN
fbem-13195	24	5	shaokang	shaokang	PROPN
fbem-13195	24	6	built	build	VERB
fbem-13195	24	7	an	an	DET
fbem-13195	24	8	econometric	econometric	ADJ
fbem-13195	24	9	model	model	NOUN
fbem-13195	24	10	from	from	ADP
fbem-13195	24	11	the	the	DET
fbem-13195	24	12	demand	demand	NOUN
fbem-13195	24	13	perspective	perspective	NOUN
fbem-13195	24	14	and	and	CCONJ
fbem-13195	24	15	found	find	VERB
fbem-13195	24	16	that	that	SCONJ
fbem-13195	24	17	the	the	DET
fbem-13195	24	18	change	change	NOUN
fbem-13195	24	19	in	in	ADP
fbem-13195	24	20	the	the	DET
fbem-13195	24	21	median	median	ADJ
fbem-13195	24	22	price	price	NOUN
fbem-13195	24	23	of	of	ADP
fbem-13195	24	24	96	96	NUM
fbem-13195	24	25	the	the	DET
fbem-13195	24	26	exchange	exchange	NOUN
fbem-13195	24	27	rate	rate	NOUN
fbem-13195	24	28	of	of	ADP
fbem-13195	24	29	the	the	DET
fbem-13195	24	30	rmb	rmb	NOUN
fbem-13195	24	31	against	against	ADP
fbem-13195	24	32	the	the	DET
fbem-13195	24	33	us	us	PROPN
fbem-13195	24	34	dollar	dollar	NOUN
fbem-13195	24	35	has	have	VERB
fbem-13195	24	36	the	the	DET
fbem-13195	24	37	greatest	great	ADJ
fbem-13195	24	38	impact	impact	NOUN
fbem-13195	24	39	on	on	ADP
fbem-13195	24	40	the	the	DET
fbem-13195	24	41	movement	movement	NOUN
fbem-13195	24	42	of	of	ADP
fbem-13195	24	43	foreign	foreign	ADJ
fbem-13195	24	44	exchange	exchange	NOUN
fbem-13195	24	45	reserves.[2	reserves.[2	NOUN
fbem-13195	24	46	]	]	PUNCT
fbem-13195	25	1	wang	wang	PROPN
fbem-13195	25	2	zenglei	zenglei	PROPN
fbem-13195	25	3	and	and	CCONJ
fbem-13195	25	4	zhang	zhang	PROPN
fbem-13195	25	5	hengyi	hengyi	PROPN
fbem-13195	25	6	constructed	construct	VERB
fbem-13195	25	7	a	a	DET
fbem-13195	25	8	var	var	NOUN
fbem-13195	25	9	model	model	NOUN
fbem-13195	25	10	to	to	PART
fbem-13195	25	11	conduct	conduct	VERB
fbem-13195	25	12	an	an	DET
fbem-13195	25	13	empirical	empirical	ADJ
fbem-13195	25	14	study	study	NOUN
fbem-13195	25	15	,	,	PUNCT
fbem-13195	25	16	and	and	CCONJ
fbem-13195	25	17	found	find	VERB
fbem-13195	25	18	that	that	SCONJ
fbem-13195	25	19	the	the	DET
fbem-13195	25	20	gross	gross	ADJ
fbem-13195	25	21	domestic	domestic	ADJ
fbem-13195	25	22	product	product	NOUN
fbem-13195	25	23	has	have	VERB
fbem-13195	25	24	a	a	DET
fbem-13195	25	25	long	long	ADJ
fbem-13195	25	26	-	-	PUNCT
fbem-13195	25	27	term	term	NOUN
fbem-13195	25	28	impact	impact	NOUN
fbem-13195	25	29	on	on	ADP
fbem-13195	25	30	foreign	foreign	ADJ
fbem-13195	25	31	exchange	exchange	NOUN
fbem-13195	25	32	reserves	reserve	NOUN
fbem-13195	25	33	,	,	PUNCT
fbem-13195	25	34	while	while	SCONJ
fbem-13195	25	35	the	the	DET
fbem-13195	25	36	foreign	foreign	ADJ
fbem-13195	25	37	investment	investment	NOUN
fbem-13195	25	38	return	return	NOUN
fbem-13195	25	39	rate	rate	NOUN
fbem-13195	25	40	,	,	PUNCT
fbem-13195	25	41	the	the	DET
fbem-13195	25	42	value	value	NOUN
fbem-13195	25	43	of	of	ADP
fbem-13195	25	44	net	net	ADJ
fbem-13195	25	45	exports	export	NOUN
fbem-13195	25	46	,	,	PUNCT
fbem-13195	25	47	the	the	DET
fbem-13195	25	48	rmb	rmb	NOUN
fbem-13195	25	49	exchange	exchange	NOUN
fbem-13195	25	50	rate	rate	NOUN
fbem-13195	25	51	and	and	CCONJ
fbem-13195	25	52	the	the	DET
fbem-13195	25	53	rmb	rmb	PROPN
fbem-13195	25	54	interest	interest	NOUN
fbem-13195	25	55	rate	rate	NOUN
fbem-13195	25	56	have	have	VERB
fbem-13195	25	57	a	a	DET
fbem-13195	25	58	short	short	ADJ
fbem-13195	25	59	-	-	PUNCT
fbem-13195	25	60	term	term	NOUN
fbem-13195	25	61	impact	impact	NOUN
fbem-13195	25	62	on	on	ADP
fbem-13195	25	63	foreign	foreign	ADJ
fbem-13195	25	64	exchange	exchange	NOUN
fbem-13195	25	65	reserves.[3	reserves.[3	PROPN
fbem-13195	25	66	]	]	X
fbem-13195	25	67	duan	duan	PROPN
fbem-13195	25	68	jiexin	jiexin	PROPN
fbem-13195	25	69	and	and	CCONJ
fbem-13195	25	70	wang	wang	PROPN
fbem-13195	25	71	zhiwen	zhiwen	PROPN
fbem-13195	25	72	summarised	summarise	VERB
fbem-13195	25	73	the	the	DET
fbem-13195	25	74	influencing	influence	VERB
fbem-13195	25	75	factors	factor	NOUN
fbem-13195	25	76	of	of	ADP
fbem-13195	25	77	china	china	PROPN
fbem-13195	25	78	's	's	PART
fbem-13195	25	79	foreign	foreign	PROPN
fbem-13195	25	80	exchange	exchange	NOUN
fbem-13195	25	81	reserve	reserve	NOUN
fbem-13195	25	82	growth	growth	NOUN
fbem-13195	25	83	into	into	ADP
fbem-13195	25	84	economic	economic	ADJ
fbem-13195	25	85	scale	scale	NOUN
fbem-13195	25	86	factors	factor	NOUN
fbem-13195	25	87	and	and	CCONJ
fbem-13195	25	88	exchange	exchange	NOUN
fbem-13195	25	89	rate	rate	NOUN
fbem-13195	25	90	influencing	influence	VERB
fbem-13195	25	91	factors	factor	NOUN
fbem-13195	25	92	through	through	ADP
fbem-13195	25	93	factor	factor	NOUN
fbem-13195	25	94	analysis	analysis	NOUN
fbem-13195	25	95	,	,	PUNCT
fbem-13195	25	96	and	and	CCONJ
fbem-13195	25	97	adopted	adopt	VERB
fbem-13195	25	98	multiple	multiple	ADJ
fbem-13195	25	99	regression	regression	NOUN
fbem-13195	25	100	analysis	analysis	NOUN
fbem-13195	25	101	,	,	PUNCT
fbem-13195	25	102	and	and	CCONJ
fbem-13195	25	103	the	the	DET
fbem-13195	25	104	study	study	NOUN
fbem-13195	25	105	showed	show	VERB
fbem-13195	25	106	that	that	SCONJ
fbem-13195	25	107	the	the	DET
fbem-13195	25	108	economic	economic	ADJ
fbem-13195	25	109	scale	scale	NOUN
fbem-13195	25	110	factors	factor	NOUN
fbem-13195	25	111	are	be	AUX
fbem-13195	25	112	the	the	DET
fbem-13195	25	113	dominant	dominant	ADJ
fbem-13195	25	114	factors	factor	NOUN
fbem-13195	25	115	of	of	ADP
fbem-13195	25	116	china	china	PROPN
fbem-13195	25	117	's	's	PART
fbem-13195	25	118	foreign	foreign	PROPN
fbem-13195	25	119	exchange	exchange	NOUN
fbem-13195	25	120	reserve	reserve	NOUN
fbem-13195	25	121	growth.[4	growth.[4	NOUN
fbem-13195	25	122	]	]	PUNCT
fbem-13195	25	123	ding	ding	PROPN
fbem-13195	25	124	zhenhui	zhenhui	PROPN
fbem-13195	25	125	used	use	VERB
fbem-13195	25	126	the	the	DET
fbem-13195	25	127	method	method	NOUN
fbem-13195	25	128	of	of	ADP
fbem-13195	25	129	cointegration	cointegration	NOUN
fbem-13195	25	130	test	test	NOUN
fbem-13195	25	131	to	to	PART
fbem-13195	25	132	prove	prove	VERB
fbem-13195	25	133	that	that	SCONJ
fbem-13195	25	134	the	the	DET
fbem-13195	25	135	net	net	ADJ
fbem-13195	25	136	export	export	NOUN
fbem-13195	25	137	of	of	ADP
fbem-13195	25	138	foreign	foreign	ADJ
fbem-13195	25	139	trade	trade	NOUN
fbem-13195	25	140	,	,	PUNCT
fbem-13195	25	141	fdi	fdi	NOUN
fbem-13195	25	142	inflow	inflow	NOUN
fbem-13195	25	143	and	and	CCONJ
fbem-13195	25	144	world	world	NOUN
fbem-13195	25	145	oil	oil	NOUN
fbem-13195	25	146	prices	price	NOUN
fbem-13195	25	147	are	be	AUX
fbem-13195	25	148	the	the	DET
fbem-13195	25	149	most	most	ADV
fbem-13195	25	150	important	important	ADJ
fbem-13195	25	151	factors	factor	NOUN
fbem-13195	25	152	affecting	affect	VERB
fbem-13195	25	153	russia	russia	PROPN
fbem-13195	25	154	's	's	PART
fbem-13195	25	155	foreign	foreign	ADJ
fbem-13195	25	156	exchange	exchange	NOUN
fbem-13195	25	157	reserves.[5	reserves.[5	PUNCT
fbem-13195	25	158	]	]	X
fbem-13195	25	159	yuan	yuan	X
fbem-13195	25	160	qi	qi	PROPN
fbem-13195	25	161	establishes	establish	VERB
fbem-13195	25	162	a	a	DET
fbem-13195	25	163	multiple	multiple	ADJ
fbem-13195	25	164	linear	linear	ADJ
fbem-13195	25	165	regression	regression	NOUN
fbem-13195	25	166	model	model	NOUN
fbem-13195	25	167	,	,	PUNCT
fbem-13195	25	168	which	which	PRON
fbem-13195	25	169	shows	show	VERB
fbem-13195	25	170	that	that	SCONJ
fbem-13195	25	171	the	the	DET
fbem-13195	25	172	main	main	ADJ
fbem-13195	25	173	factors	factor	NOUN
fbem-13195	25	174	affecting	affect	VERB
fbem-13195	25	175	china	china	PROPN
fbem-13195	25	176	's	's	PART
fbem-13195	25	177	foreign	foreign	ADJ
fbem-13195	25	178	exchange	exchange	NOUN
fbem-13195	25	179	reserves	reserve	NOUN
fbem-13195	25	180	are	be	AUX
fbem-13195	25	181	gross	gross	ADJ
fbem-13195	25	182	domestic	domestic	ADJ
fbem-13195	25	183	product	product	NOUN
fbem-13195	25	184	,	,	PUNCT
fbem-13195	25	185	foreign	foreign	ADJ
fbem-13195	25	186	debt	debt	NOUN
fbem-13195	25	187	balance	balance	NOUN
fbem-13195	25	188	and	and	CCONJ
fbem-13195	25	189	current	current	ADJ
fbem-13195	25	190	account	account	NOUN
fbem-13195	25	191	balance.[6	balance.[6	NOUN
fbem-13195	25	192	]	]	PUNCT
fbem-13195	25	193	for	for	ADP
fbem-13195	25	194	the	the	DET
fbem-13195	25	195	analysis	analysis	NOUN
fbem-13195	25	196	of	of	ADP
fbem-13195	25	197	the	the	DET
fbem-13195	25	198	moderateness	moderateness	NOUN
fbem-13195	25	199	of	of	ADP
fbem-13195	25	200	china	china	PROPN
fbem-13195	25	201	's	's	PART
fbem-13195	25	202	foreign	foreign	PROPN
fbem-13195	25	203	exchange	exchange	PROPN
fbem-13195	25	204	reserve	reserve	NOUN
fbem-13195	25	205	scale	scale	NOUN
fbem-13195	25	206	,	,	PUNCT
fbem-13195	25	207	the	the	DET
fbem-13195	25	208	views	view	NOUN
fbem-13195	25	209	are	be	AUX
fbem-13195	25	210	mainly	mainly	ADV
fbem-13195	25	211	divided	divide	VERB
fbem-13195	25	212	into	into	ADP
fbem-13195	25	213	three	three	NUM
fbem-13195	25	214	views	view	NOUN
fbem-13195	25	215	:	:	PUNCT
fbem-13195	25	216	reserve	reserve	NOUN
fbem-13195	25	217	scale	scale	NOUN
fbem-13195	25	218	excess	excess	NOUN
fbem-13195	25	219	,	,	PUNCT
fbem-13195	25	220	reserve	reserve	NOUN
fbem-13195	25	221	scale	scale	NOUN
fbem-13195	25	222	moderateness	moderateness	PROPN
fbem-13195	25	223	and	and	CCONJ
fbem-13195	25	224	reserve	reserve	NOUN
fbem-13195	25	225	scale	scale	NOUN
fbem-13195	25	226	insufficiency	insufficiency	NOUN
fbem-13195	25	227	.	.	PUNCT
fbem-13195	26	1	for	for	ADP
fbem-13195	26	2	the	the	DET
fbem-13195	26	3	reserve	reserve	NOUN
fbem-13195	26	4	scale	scale	NOUN
fbem-13195	26	5	excess	excess	NOUN
fbem-13195	26	6	,	,	PUNCT
fbem-13195	26	7	ma	ma	PROPN
fbem-13195	26	8	dan	dan	PROPN
fbem-13195	26	9	and	and	CCONJ
fbem-13195	26	10	xiong	xiong	PROPN
fbem-13195	26	11	feng	feng	PROPN
fbem-13195	26	12	,	,	PUNCT
fbem-13195	26	13	xiao	xiao	PROPN
fbem-13195	26	14	wen	wen	PROPN
fbem-13195	26	15	et	et	PROPN
fbem-13195	26	16	al	al	PROPN
fbem-13195	26	17	.	.	PROPN
fbem-13195	26	18	,	,	PUNCT
fbem-13195	26	19	lian	lian	PROPN
fbem-13195	26	20	lina	lina	PROPN
fbem-13195	26	21	,	,	PUNCT
fbem-13195	26	22	li	li	PROPN
fbem-13195	26	23	jingyi	jingyi	PROPN
fbem-13195	26	24	,	,	PUNCT
fbem-13195	26	25	luo	luo	PROPN
fbem-13195	26	26	sumei	sumei	PROPN
fbem-13195	26	27	and	and	CCONJ
fbem-13195	26	28	zhou	zhou	PROPN
fbem-13195	26	29	guangyou	guangyou	PROPN
fbem-13195	26	30	are	be	AUX
fbem-13195	26	31	all	all	ADV
fbem-13195	26	32	based	base	VERB
fbem-13195	26	33	on	on	ADP
fbem-13195	26	34	the	the	DET
fbem-13195	26	35	agarwal	agarwal	PROPN
fbem-13195	26	36	model	model	NOUN
fbem-13195	26	37	,	,	PUNCT
fbem-13195	26	38	corrected	correct	VERB
fbem-13195	26	39	according	accord	VERB
fbem-13195	26	40	to	to	ADP
fbem-13195	26	41	china	china	PROPN
fbem-13195	26	42	's	's	PART
fbem-13195	26	43	national	national	ADJ
fbem-13195	26	44	conditions	condition	NOUN
fbem-13195	26	45	,	,	PUNCT
fbem-13195	26	46	and	and	CCONJ
fbem-13195	26	47	the	the	DET
fbem-13195	26	48	results	result	NOUN
fbem-13195	26	49	show	show	VERB
fbem-13195	26	50	that	that	SCONJ
fbem-13195	26	51	china	china	PROPN
fbem-13195	26	52	's	's	PART
fbem-13195	26	53	current	current	ADJ
fbem-13195	26	54	foreign	foreign	ADJ
fbem-13195	26	55	exchange	exchange	NOUN
fbem-13195	26	56	reserves	reserve	NOUN
fbem-13195	26	57	are	be	AUX
fbem-13195	26	58	in	in	ADP
fbem-13195	26	59	a	a	DET
fbem-13195	26	60	state	state	NOUN
fbem-13195	26	61	of	of	ADP
fbem-13195	26	62	excess.[1,7	excess.[1,7	NOUN
fbem-13195	26	63	-	-	PUNCT
fbem-13195	26	64	10	10	NUM
fbem-13195	26	65	]	]	PUNCT
fbem-13195	26	66	liu	liu	PROPN
fbem-13195	26	67	xinqi	xinqi	PROPN
fbem-13195	26	68	comprehensively	comprehensively	ADV
fbem-13195	26	69	used	use	VERB
fbem-13195	26	70	the	the	DET
fbem-13195	26	71	ratio	ratio	NOUN
fbem-13195	26	72	analysis	analysis	NOUN
fbem-13195	26	73	method	method	NOUN
fbem-13195	26	74	and	and	CCONJ
fbem-13195	26	75	demand	demand	NOUN
fbem-13195	26	76	function	function	NOUN
fbem-13195	26	77	analysis	analysis	NOUN
fbem-13195	26	78	method	method	NOUN
fbem-13195	26	79	,	,	PUNCT
fbem-13195	26	80	measured	measure	VERB
fbem-13195	26	81	china	china	PROPN
fbem-13195	26	82	's	's	PART
fbem-13195	26	83	foreign	foreign	ADJ
fbem-13195	26	84	exchange	exchange	NOUN
fbem-13195	26	85	reserves	reserve	NOUN
fbem-13195	26	86	since	since	SCONJ
fbem-13195	26	87	2001	2001	NUM
fbem-13195	26	88	has	have	AUX
fbem-13195	26	89	always	always	ADV
fbem-13195	26	90	exceeded	exceed	VERB
fbem-13195	26	91	the	the	DET
fbem-13195	26	92	moderate	moderate	ADJ
fbem-13195	26	93	range.[11	range.[11	PROPN
fbem-13195	26	94	]	]	X
fbem-13195	26	95	lv	lv	PROPN
fbem-13195	26	96	xinyang	xinyang	PROPN
fbem-13195	26	97	and	and	CCONJ
fbem-13195	26	98	zhou	zhou	PROPN
fbem-13195	26	99	guangyou	guangyou	PROPN
fbem-13195	26	100	to	to	ADP
fbem-13195	26	101	the	the	DET
fbem-13195	26	102	demand	demand	NOUN
fbem-13195	26	103	for	for	ADP
fbem-13195	26	104	foreign	foreign	ADJ
fbem-13195	26	105	exchange	exchange	NOUN
fbem-13195	26	106	reserves	reserve	NOUN
fbem-13195	26	107	as	as	ADP
fbem-13195	26	108	the	the	DET
fbem-13195	26	109	perspective	perspective	NOUN
fbem-13195	26	110	of	of	ADP
fbem-13195	26	111	the	the	DET
fbem-13195	26	112	decision	decision	NOUN
fbem-13195	26	113	,	,	PUNCT
fbem-13195	26	114	the	the	DET
fbem-13195	26	115	establishment	establishment	NOUN
fbem-13195	26	116	of	of	ADP
fbem-13195	26	117	the	the	DET
fbem-13195	26	118	optimal	optimal	ADJ
fbem-13195	26	119	size	size	NOUN
fbem-13195	26	120	of	of	ADP
fbem-13195	26	121	foreign	foreign	ADJ
fbem-13195	26	122	exchange	exchange	NOUN
fbem-13195	26	123	reserves	reserve	NOUN
fbem-13195	26	124	based	base	VERB
fbem-13195	26	125	on	on	ADP
fbem-13195	26	126	multi	multi	ADJ
fbem-13195	26	127	-	-	ADJ
fbem-13195	26	128	level	level	ADJ
fbem-13195	26	129	demand	demand	NOUN
fbem-13195	26	130	measurement	measurement	NOUN
fbem-13195	26	131	model	model	NOUN
fbem-13195	26	132	,	,	PUNCT
fbem-13195	26	133	the	the	DET
fbem-13195	26	134	study	study	NOUN
fbem-13195	26	135	shows	show	VERB
fbem-13195	26	136	that	that	SCONJ
fbem-13195	26	137	there	there	PRON
fbem-13195	26	138	is	be	VERB
fbem-13195	26	139	an	an	DET
fbem-13195	26	140	excess	excess	NOUN
fbem-13195	26	141	of	of	ADP
fbem-13195	26	142	foreign	foreign	ADJ
fbem-13195	26	143	exchange	exchange	NOUN
fbem-13195	26	144	reserves	reserve	NOUN
fbem-13195	26	145	in	in	ADP
fbem-13195	26	146	china.[12	china.[12	PROPN
fbem-13195	26	147	]	]	X
fbem-13195	26	148	li	li	PROPN
fbem-13195	26	149	shaokun	shaokun	PROPN
fbem-13195	26	150	et	et	PROPN
fbem-13195	26	151	al	al	PROPN
fbem-13195	26	152	.	.	PROPN
fbem-13195	26	153	constructed	construct	VERB
fbem-13195	26	154	the	the	DET
fbem-13195	26	155	representative	representative	NOUN
fbem-13195	26	156	of	of	ADP
fbem-13195	26	157	the	the	DET
fbem-13195	26	158	narrow	narrow	ADJ
fbem-13195	26	159	frame	frame	NOUN
fbem-13195	26	160	and	and	CCONJ
fbem-13195	26	161	loss	loss	NOUN
fbem-13195	26	162	aversion	aversion	NOUN
fbem-13195	26	163	characteristics	characteristic	NOUN
fbem-13195	26	164	of	of	ADP
fbem-13195	26	165	the	the	DET
fbem-13195	26	166	consumer	consumer	NOUN
fbem-13195	26	167	utility	utility	NOUN
fbem-13195	26	168	function	function	NOUN
fbem-13195	26	169	,	,	PUNCT
fbem-13195	26	170	the	the	DET
fbem-13195	26	171	study	study	NOUN
fbem-13195	26	172	concluded	conclude	VERB
fbem-13195	26	173	that	that	SCONJ
fbem-13195	26	174	china	china	PROPN
fbem-13195	26	175	's	's	PART
fbem-13195	26	176	foreign	foreign	PROPN
fbem-13195	26	177	exchange	exchange	NOUN
fbem-13195	26	178	reserve	reserve	NOUN
fbem-13195	26	179	level	level	NOUN
fbem-13195	26	180	has	have	AUX
fbem-13195	26	181	been	be	AUX
fbem-13195	26	182	above	above	ADP
fbem-13195	26	183	the	the	DET
fbem-13195	26	184	moderate	moderate	ADJ
fbem-13195	26	185	size.[13	size.[13	PROPN
fbem-13195	26	186	]	]	PUNCT
fbem-13195	26	187	for	for	ADP
fbem-13195	26	188	the	the	DET
fbem-13195	26	189	moderate	moderate	ADJ
fbem-13195	26	190	size	size	NOUN
fbem-13195	26	191	of	of	ADP
fbem-13195	26	192	reserves	reserve	NOUN
fbem-13195	26	193	,	,	PUNCT
fbem-13195	26	194	jiang	jiang	PROPN
fbem-13195	26	195	xuchao	xuchao	PROPN
fbem-13195	26	196	et	et	PROPN
fbem-13195	26	197	al	al	PROPN
fbem-13195	26	198	.	.	PROPN
fbem-13195	26	199	analysed	analyse	VERB
fbem-13195	26	200	from	from	ADP
fbem-13195	26	201	the	the	DET
fbem-13195	26	202	perspective	perspective	NOUN
fbem-13195	26	203	of	of	ADP
fbem-13195	26	204	combining	combine	VERB
fbem-13195	26	205	quantitative	quantitative	ADJ
fbem-13195	26	206	analysis	analysis	NOUN
fbem-13195	26	207	and	and	CCONJ
fbem-13195	26	208	qualitative	qualitative	ADJ
fbem-13195	26	209	analysis	analysis	NOUN
fbem-13195	26	210	that	that	SCONJ
fbem-13195	26	211	china	china	PROPN
fbem-13195	26	212	's	's	PART
fbem-13195	26	213	foreign	foreign	ADJ
fbem-13195	26	214	exchange	exchange	NOUN
fbem-13195	26	215	reserves	reserve	NOUN
fbem-13195	26	216	are	be	AUX
fbem-13195	26	217	within	within	ADP
fbem-13195	26	218	a	a	DET
fbem-13195	26	219	reasonable	reasonable	ADJ
fbem-13195	26	220	range	range	NOUN
fbem-13195	26	221	of	of	ADP
fbem-13195	26	222	20	20	NUM
fbem-13195	26	223	%	%	NOUN
fbem-13195	26	224	on	on	ADP
fbem-13195	26	225	the	the	DET
fbem-13195	26	226	basis	basis	NOUN
fbem-13195	26	227	of	of	ADP
fbem-13195	26	228	the	the	DET
fbem-13195	26	229	basic	basic	ADJ
fbem-13195	26	230	reserve	reserve	NOUN
fbem-13195	26	231	size	size	NOUN
fbem-13195	26	232	,	,	PUNCT
fbem-13195	26	233	which	which	PRON
fbem-13195	26	234	is	be	AUX
fbem-13195	26	235	also	also	ADV
fbem-13195	26	236	in	in	ADP
fbem-13195	26	237	line	line	NOUN
fbem-13195	26	238	with	with	ADP
fbem-13195	26	239	china	china	PROPN
fbem-13195	26	240	's	's	PART
fbem-13195	26	241	national	national	PROPN
fbem-13195	26	242	conditions.[14	conditions.[14	PROPN
fbem-13195	26	243	]	]	PUNCT
fbem-13195	26	244	wang	wang	PROPN
fbem-13195	26	245	guolin	guolin	PROPN
fbem-13195	26	246	concluded	conclude	VERB
fbem-13195	26	247	that	that	SCONJ
fbem-13195	26	248	china	china	PROPN
fbem-13195	26	249	's	's	PART
fbem-13195	26	250	foreign	foreign	ADJ
fbem-13195	26	251	exchange	exchange	NOUN
fbem-13195	26	252	reserves	reserve	NOUN
fbem-13195	26	253	are	be	AUX
fbem-13195	26	254	sufficient	sufficient	ADJ
fbem-13195	26	255	through	through	ADP
fbem-13195	26	256	descriptive	descriptive	ADJ
fbem-13195	26	257	method	method	NOUN
fbem-13195	26	258	of	of	ADP
fbem-13195	26	259	qualitative	qualitative	ADJ
fbem-13195	26	260	analysis	analysis	NOUN
fbem-13195	26	261	,	,	PUNCT
fbem-13195	26	262	proportionality	proportionality	NOUN
fbem-13195	26	263	analysis	analysis	NOUN
fbem-13195	26	264	,	,	PUNCT
fbem-13195	26	265	establishment	establishment	NOUN
fbem-13195	26	266	of	of	ADP
fbem-13195	26	267	autoregressive	autoregressive	ADJ
fbem-13195	26	268	model	model	NOUN
fbem-13195	26	269	and	and	CCONJ
fbem-13195	26	270	multiple	multiple	ADJ
fbem-13195	26	271	regression	regression	NOUN
fbem-13195	26	272	analysis.[15	analysis.[15	PROPN
fbem-13195	26	273	]	]	X
fbem-13195	27	1	liu	liu	PROPN
fbem-13195	27	2	leah	leah	PROPN
fbem-13195	27	3	and	and	CCONJ
fbem-13195	27	4	ren	ren	PROPN
fbem-13195	27	5	ruo	ruo	PROPN
fbem-13195	27	6	en	en	PROPN
fbem-13195	27	7	constructed	construct	VERB
fbem-13195	27	8	a	a	DET
fbem-13195	27	9	structured	structured	ADJ
fbem-13195	27	10	equation	equation	NOUN
fbem-13195	27	11	of	of	ADP
fbem-13195	27	12	the	the	DET
fbem-13195	27	13	moderate	moderate	ADJ
fbem-13195	27	14	size	size	NOUN
fbem-13195	27	15	of	of	ADP
fbem-13195	27	16	foreign	foreign	ADJ
fbem-13195	27	17	exchange	exchange	NOUN
fbem-13195	27	18	reserves	reserve	NOUN
fbem-13195	27	19	,	,	PUNCT
fbem-13195	27	20	combined	combine	VERB
fbem-13195	27	21	with	with	ADP
fbem-13195	27	22	china	china	PROPN
fbem-13195	27	23	's	's	PART
fbem-13195	27	24	actual	actual	ADJ
fbem-13195	27	25	situation	situation	NOUN
fbem-13195	27	26	,	,	PUNCT
fbem-13195	27	27	the	the	DET
fbem-13195	27	28	study	study	NOUN
fbem-13195	27	29	concluded	conclude	VERB
fbem-13195	27	30	that	that	SCONJ
fbem-13195	27	31	the	the	DET
fbem-13195	27	32	trajectory	trajectory	NOUN
fbem-13195	27	33	of	of	ADP
fbem-13195	27	34	the	the	DET
fbem-13195	27	35	movement	movement	NOUN
fbem-13195	27	36	of	of	ADP
fbem-13195	27	37	the	the	DET
fbem-13195	27	38	actual	actual	ADJ
fbem-13195	27	39	size	size	NOUN
fbem-13195	27	40	of	of	ADP
fbem-13195	27	41	china	china	PROPN
fbem-13195	27	42	's	's	PART
fbem-13195	27	43	foreign	foreign	ADJ
fbem-13195	27	44	exchange	exchange	NOUN
fbem-13195	27	45	reserves	reserve	NOUN
fbem-13195	27	46	and	and	CCONJ
fbem-13195	27	47	the	the	DET
fbem-13195	27	48	trajectory	trajectory	NOUN
fbem-13195	27	49	of	of	ADP
fbem-13195	27	50	the	the	DET
fbem-13195	27	51	movement	movement	NOUN
fbem-13195	27	52	of	of	ADP
fbem-13195	27	53	the	the	DET
fbem-13195	27	54	moderate	moderate	ADJ
fbem-13195	27	55	size	size	NOUN
fbem-13195	27	56	of	of	ADP
fbem-13195	27	57	the	the	DET
fbem-13195	27	58	basically	basically	ADV
fbem-13195	27	59	the	the	DET
fbem-13195	27	60	same	same	ADJ
fbem-13195	27	61	and	and	CCONJ
fbem-13195	27	62	coincide	coincide	NOUN
fbem-13195	27	63	with.[16	with.[16	NOUN
fbem-13195	27	64	]	]	PUNCT
fbem-13195	27	65	li	li	PROPN
fbem-13195	27	66	wei	wei	PROPN
fbem-13195	27	67	and	and	CCONJ
fbem-13195	27	68	zhang	zhang	PROPN
fbem-13195	27	69	zhichao	zhichao	PROPN
fbem-13195	27	70	constructed	construct	VERB
fbem-13195	27	71	a	a	DET
fbem-13195	27	72	systematic	systematic	ADJ
fbem-13195	27	73	analytical	analytical	ADJ
fbem-13195	27	74	framework	framework	NOUN
fbem-13195	27	75	and	and	CCONJ
fbem-13195	27	76	simulated	simulate	VERB
fbem-13195	27	77	the	the	DET
fbem-13195	27	78	size	size	NOUN
fbem-13195	27	79	of	of	ADP
fbem-13195	27	80	china	china	PROPN
fbem-13195	27	81	's	's	PART
fbem-13195	27	82	consensual	consensual	ADJ
fbem-13195	27	83	foreign	foreign	ADJ
fbem-13195	27	84	exchange	exchange	NOUN
fbem-13195	27	85	reserves	reserve	NOUN
fbem-13195	27	86	,	,	PUNCT
fbem-13195	27	87	and	and	CCONJ
fbem-13195	27	88	the	the	DET
fbem-13195	27	89	results	result	NOUN
fbem-13195	27	90	show	show	VERB
fbem-13195	27	91	that	that	SCONJ
fbem-13195	27	92	,	,	PUNCT
fbem-13195	27	93	under	under	ADP
fbem-13195	27	94	the	the	DET
fbem-13195	27	95	premise	premise	NOUN
fbem-13195	27	96	of	of	ADP
fbem-13195	27	97	ensuring	ensure	VERB
fbem-13195	27	98	the	the	DET
fbem-13195	27	99	domestic	domestic	ADJ
fbem-13195	27	100	financial	financial	ADJ
fbem-13195	27	101	stability	stability	NOUN
fbem-13195	27	102	,	,	PUNCT
fbem-13195	27	103	china	china	PROPN
fbem-13195	27	104	's	's	PART
fbem-13195	27	105	foreign	foreign	ADJ
fbem-13195	27	106	exchange	exchange	NOUN
fbem-13195	27	107	reserves	reserve	NOUN
fbem-13195	27	108	are	be	AUX
fbem-13195	27	109	sufficient	sufficient	ADJ
fbem-13195	27	110	.	.	PUNCT
fbem-13195	28	1	the	the	DET
fbem-13195	28	2	results	result	NOUN
fbem-13195	28	3	show	show	VERB
fbem-13195	28	4	that	that	SCONJ
fbem-13195	28	5	,	,	PUNCT
fbem-13195	28	6	under	under	ADP
fbem-13195	28	7	the	the	DET
fbem-13195	28	8	premise	premise	NOUN
fbem-13195	28	9	of	of	ADP
fbem-13195	28	10	ensuring	ensure	VERB
fbem-13195	28	11	domestic	domestic	ADJ
fbem-13195	28	12	financial	financial	ADJ
fbem-13195	28	13	stability	stability	NOUN
fbem-13195	28	14	,	,	PUNCT
fbem-13195	28	15	china	china	PROPN
fbem-13195	28	16	's	's	PART
fbem-13195	28	17	total	total	ADJ
fbem-13195	28	18	foreign	foreign	ADJ
fbem-13195	28	19	exchange	exchange	NOUN
fbem-13195	28	20	reserves	reserve	NOUN
fbem-13195	28	21	are	be	AUX
fbem-13195	28	22	not	not	PART
fbem-13195	28	23	excessive	excessive	ADJ
fbem-13195	28	24	and	and	CCONJ
fbem-13195	28	25	are	be	AUX
fbem-13195	28	26	within	within	ADP
fbem-13195	28	27	a	a	DET
fbem-13195	28	28	reasonable	reasonable	ADJ
fbem-13195	28	29	range.[17	range.[17	NOUN
fbem-13195	28	30	]	]	PUNCT
fbem-13195	28	31	for	for	ADP
fbem-13195	28	32	the	the	DET
fbem-13195	28	33	reserve	reserve	NOUN
fbem-13195	28	34	scale	scale	NOUN
fbem-13195	28	35	is	be	AUX
fbem-13195	28	36	insufficient	insufficient	ADJ
fbem-13195	28	37	,	,	PUNCT
fbem-13195	28	38	liu	liu	PROPN
fbem-13195	28	39	bin	bin	PROPN
fbem-13195	28	40	use	use	VERB
fbem-13195	28	41	the	the	DET
fbem-13195	28	42	international	international	ADJ
fbem-13195	28	43	and	and	CCONJ
fbem-13195	28	44	domestic	domestic	ADJ
fbem-13195	28	45	foreign	foreign	ADJ
fbem-13195	28	46	exchange	exchange	NOUN
fbem-13195	28	47	reserves	reserve	NOUN
fbem-13195	28	48	of	of	ADP
fbem-13195	28	49	historical	historical	ADJ
fbem-13195	28	50	data	datum	NOUN
fbem-13195	28	51	,	,	PUNCT
fbem-13195	28	52	through	through	ADP
fbem-13195	28	53	the	the	DET
fbem-13195	28	54	proportion	proportion	NOUN
fbem-13195	28	55	analysis	analysis	NOUN
fbem-13195	28	56	method	method	NOUN
fbem-13195	28	57	,	,	PUNCT
fbem-13195	28	58	calculate	calculate	VERB
fbem-13195	28	59	the	the	DET
fbem-13195	28	60	broad	broad	ADJ
fbem-13195	28	61	currency	currency	NOUN
fbem-13195	28	62	to	to	ADP
fbem-13195	28	63	foreign	foreign	ADJ
fbem-13195	28	64	exchange	exchange	NOUN
fbem-13195	28	65	reserves	reserve	NOUN
fbem-13195	28	66	ratio	ratio	NOUN
fbem-13195	28	67	,	,	PUNCT
fbem-13195	28	68	prove	prove	VERB
fbem-13195	28	69	that	that	SCONJ
fbem-13195	28	70	china	china	PROPN
fbem-13195	28	71	's	's	PART
fbem-13195	28	72	foreign	foreign	ADJ
fbem-13195	28	73	exchange	exchange	NOUN
fbem-13195	28	74	reserves	reserve	NOUN
fbem-13195	28	75	scale	scale	NOUN
fbem-13195	28	76	is	be	AUX
fbem-13195	28	77	lower	low	ADJ
fbem-13195	28	78	than	than	ADP
fbem-13195	28	79	the	the	DET
fbem-13195	28	80	normal	normal	ADJ
fbem-13195	28	81	level.[18	level.[18	PROPN
fbem-13195	28	82	]	]	PUNCT
fbem-13195	29	1	zhang	zhang	PROPN
fbem-13195	29	2	jugang	jugang	PROPN
fbem-13195	29	3	and	and	CCONJ
fbem-13195	29	4	zhao	zhao	PROPN
fbem-13195	29	5	zhiqiang	zhiqiang	PROPN
fbem-13195	29	6	use	use	VERB
fbem-13195	29	7	statistical	statistical	ADJ
fbem-13195	29	8	data	datum	NOUN
fbem-13195	29	9	to	to	PART
fbem-13195	29	10	compare	compare	VERB
fbem-13195	29	11	the	the	DET
fbem-13195	29	12	foreign	foreign	ADJ
fbem-13195	29	13	exchange	exchange	NOUN
fbem-13195	29	14	reserves	reserve	NOUN
fbem-13195	29	15	of	of	ADP
fbem-13195	29	16	our	our	PRON
fbem-13195	29	17	country	country	NOUN
fbem-13195	29	18	and	and	CCONJ
fbem-13195	29	19	other	other	ADJ
fbem-13195	29	20	countries	country	NOUN
fbem-13195	29	21	,	,	PUNCT
fbem-13195	29	22	and	and	CCONJ
fbem-13195	29	23	concluded	conclude	VERB
fbem-13195	29	24	that	that	SCONJ
fbem-13195	29	25	the	the	DET
fbem-13195	29	26	scale	scale	NOUN
fbem-13195	29	27	of	of	ADP
fbem-13195	29	28	china	china	PROPN
fbem-13195	29	29	's	's	PART
fbem-13195	29	30	foreign	foreign	ADJ
fbem-13195	29	31	exchange	exchange	NOUN
fbem-13195	29	32	reserves	reserve	NOUN
fbem-13195	29	33	moderately	moderately	ADV
fbem-13195	29	34	expand	expand	VERB
fbem-13195	29	35	is	be	AUX
fbem-13195	29	36	necessary.[19	necessary.[19	NOUN
fbem-13195	29	37	]	]	PUNCT
fbem-13195	29	38	huang	huang	PROPN
fbem-13195	29	39	ping	ping	PROPN
fbem-13195	29	40	and	and	CCONJ
fbem-13195	29	41	chen	chen	PROPN
fbem-13195	29	42	jianyun	jianyun	PROPN
fbem-13195	29	43	use	use	VERB
fbem-13195	29	44	the	the	DET
fbem-13195	29	45	dynamic	dynamic	ADJ
fbem-13195	29	46	adjustment	adjustment	NOUN
fbem-13195	29	47	model	model	NOUN
fbem-13195	29	48	to	to	PART
fbem-13195	29	49	measure	measure	VERB
fbem-13195	29	50	the	the	DET
fbem-13195	29	51	moderateness	moderateness	NOUN
fbem-13195	29	52	of	of	ADP
fbem-13195	29	53	the	the	DET
fbem-13195	29	54	scale	scale	NOUN
fbem-13195	29	55	of	of	ADP
fbem-13195	29	56	china	china	PROPN
fbem-13195	29	57	's	's	PART
fbem-13195	29	58	foreign	foreign	ADJ
fbem-13195	29	59	exchange	exchange	NOUN
fbem-13195	29	60	reserves	reserve	NOUN
fbem-13195	29	61	,	,	PUNCT
fbem-13195	29	62	the	the	DET
fbem-13195	29	63	study	study	NOUN
fbem-13195	29	64	shows	show	VERB
fbem-13195	29	65	that	that	SCONJ
fbem-13195	29	66	china	china	PROPN
fbem-13195	29	67	's	's	PART
fbem-13195	29	68	foreign	foreign	ADJ
fbem-13195	29	69	exchange	exchange	NOUN
fbem-13195	29	70	reserves	reserve	NOUN
fbem-13195	29	71	relative	relative	ADJ
fbem-13195	29	72	to	to	ADP
fbem-13195	29	73	the	the	DET
fbem-13195	29	74	demand	demand	NOUN
fbem-13195	29	75	is	be	AUX
fbem-13195	29	76	less	less	ADJ
fbem-13195	29	77	than	than	ADP
fbem-13195	29	78	adequate.[20	adequate.[20	PROPN
fbem-13195	29	79	]	]	PUNCT
fbem-13195	29	80	existing	exist	VERB
fbem-13195	29	81	studies	study	NOUN
fbem-13195	29	82	mainly	mainly	ADV
fbem-13195	29	83	explore	explore	VERB
fbem-13195	29	84	the	the	DET
fbem-13195	29	85	law	law	NOUN
fbem-13195	29	86	of	of	ADP
fbem-13195	29	87	foreign	foreign	ADJ
fbem-13195	29	88	exchange	exchange	NOUN
fbem-13195	29	89	reserve	reserve	NOUN
fbem-13195	29	90	size	size	NOUN
fbem-13195	29	91	for	for	ADP
fbem-13195	29	92	one	one	NUM
fbem-13195	29	93	country	country	NOUN
fbem-13195	29	94	,	,	PUNCT
fbem-13195	29	95	and	and	CCONJ
fbem-13195	29	96	do	do	AUX
fbem-13195	29	97	not	not	PART
fbem-13195	29	98	take	take	VERB
fbem-13195	29	99	into	into	ADP
fbem-13195	29	100	account	account	NOUN
fbem-13195	29	101	the	the	DET
fbem-13195	29	102	co	co	NOUN
fbem-13195	29	103	-	-	NOUN
fbem-13195	29	104	movement	movement	NOUN
fbem-13195	29	105	of	of	ADP
fbem-13195	29	106	foreign	foreign	ADJ
fbem-13195	29	107	exchange	exchange	NOUN
fbem-13195	29	108	reserve	reserve	NOUN
fbem-13195	29	109	fluctuations	fluctuation	NOUN
fbem-13195	29	110	between	between	ADP
fbem-13195	29	111	countries	country	NOUN
fbem-13195	29	112	.	.	PUNCT
fbem-13195	30	1	and	and	CCONJ
fbem-13195	30	2	the	the	DET
fbem-13195	30	3	brics	bric	NOUN
fbem-13195	30	4	countries	country	NOUN
fbem-13195	30	5	,	,	PUNCT
fbem-13195	30	6	as	as	ADP
fbem-13195	30	7	the	the	DET
fbem-13195	30	8	outstanding	outstanding	ADJ
fbem-13195	30	9	performance	performance	NOUN
fbem-13195	30	10	of	of	ADP
fbem-13195	30	11	emerging	emerge	VERB
fbem-13195	30	12	market	market	NOUN
fbem-13195	30	13	countries	country	NOUN
fbem-13195	30	14	,	,	PUNCT
fbem-13195	30	15	the	the	DET
fbem-13195	30	16	fluctuation	fluctuation	NOUN
fbem-13195	30	17	of	of	ADP
fbem-13195	30	18	their	their	PRON
fbem-13195	30	19	foreign	foreign	ADJ
fbem-13195	30	20	exchange	exchange	NOUN
fbem-13195	30	21	reserves	reserve	NOUN
fbem-13195	30	22	has	have	VERB
fbem-13195	30	23	a	a	DET
fbem-13195	30	24	certain	certain	ADJ
fbem-13195	30	25	co	co	NOUN
fbem-13195	30	26	-	-	NOUN
fbem-13195	30	27	movement	movement	NOUN
fbem-13195	30	28	,	,	PUNCT
fbem-13195	30	29	and	and	CCONJ
fbem-13195	30	30	it	it	PRON
fbem-13195	30	31	is	be	AUX
fbem-13195	30	32	necessary	necessary	ADJ
fbem-13195	30	33	to	to	PART
fbem-13195	30	34	study	study	VERB
fbem-13195	30	35	the	the	DET
fbem-13195	30	36	foreign	foreign	ADJ
fbem-13195	30	37	exchange	exchange	PROPN
fbem-13195	30	38	reserve	reserve	NOUN
fbem-13195	30	39	situation	situation	NOUN
fbem-13195	30	40	of	of	ADP
fbem-13195	30	41	the	the	DET
fbem-13195	30	42	brics	bric	NOUN
fbem-13195	30	43	countries	country	NOUN
fbem-13195	30	44	as	as	ADP
fbem-13195	30	45	a	a	DET
fbem-13195	30	46	whole	whole	NOUN
fbem-13195	30	47	.	.	PUNCT
fbem-13195	31	1	tang	tang	PROPN
fbem-13195	31	2	lingxiao	lingxiao	VERB
fbem-13195	31	3	et	et	PROPN
fbem-13195	31	4	al	al	PROPN
fbem-13195	31	5	.	.	PROPN
fbem-13195	32	1	used	use	VERB
fbem-13195	32	2	factor	factor	NOUN
fbem-13195	32	3	analysis	analysis	NOUN
fbem-13195	32	4	,	,	PUNCT
fbem-13195	32	5	cluster	cluster	NOUN
fbem-13195	32	6	analysis	analysis	NOUN
fbem-13195	32	7	and	and	CCONJ
fbem-13195	32	8	cointegration	cointegration	NOUN
fbem-13195	32	9	analysis	analysis	NOUN
fbem-13195	32	10	to	to	PART
fbem-13195	32	11	confirm	confirm	VERB
fbem-13195	32	12	that	that	SCONJ
fbem-13195	32	13	foreign	foreign	ADJ
fbem-13195	32	14	exchange	exchange	NOUN
fbem-13195	32	15	reserve	reserve	NOUN
fbem-13195	32	16	fluctuations	fluctuation	NOUN
fbem-13195	32	17	among	among	ADP
fbem-13195	32	18	brics	bric	NOUN
fbem-13195	32	19	countries	country	NOUN
fbem-13195	32	20	have	have	AUX
fbem-13195	32	21	comovement	comovement	VERB
fbem-13195	32	22	,	,	PUNCT
fbem-13195	32	23	and	and	CCONJ
fbem-13195	32	24	there	there	PRON
fbem-13195	32	25	is	be	VERB
fbem-13195	32	26	a	a	DET
fbem-13195	32	27	long	long	ADV
fbem-13195	32	28	-	-	PUNCT
fbem-13195	32	29	run	run	VERB
fbem-13195	32	30	stable	stable	ADJ
fbem-13195	32	31	relationship	relationship	NOUN
fbem-13195	32	32	between	between	ADP
fbem-13195	32	33	the	the	DET
fbem-13195	32	34	country	country	NOUN
fbem-13195	32	35	's	's	PART
fbem-13195	32	36	characteristic	characteristic	ADJ
fbem-13195	32	37	factor	factor	NOUN
fbem-13195	32	38	and	and	CCONJ
fbem-13195	32	39	the	the	DET
fbem-13195	32	40	international	international	ADJ
fbem-13195	32	41	shock	shock	NOUN
fbem-13195	32	42	factor.[21	factor.[21	PROPN
fbem-13195	32	43	]	]	PUNCT
fbem-13195	32	44	in	in	ADP
fbem-13195	32	45	summary	summary	NOUN
fbem-13195	32	46	,	,	PUNCT
fbem-13195	32	47	most	most	ADJ
fbem-13195	32	48	of	of	ADP
fbem-13195	32	49	the	the	DET
fbem-13195	32	50	existing	exist	VERB
fbem-13195	32	51	research	research	NOUN
fbem-13195	32	52	mainly	mainly	ADV
fbem-13195	32	53	focuses	focus	VERB
fbem-13195	32	54	on	on	ADP
fbem-13195	32	55	analysing	analyse	VERB
fbem-13195	32	56	the	the	DET
fbem-13195	32	57	foreign	foreign	ADJ
fbem-13195	32	58	exchange	exchange	NOUN
fbem-13195	32	59	reserve	reserve	NOUN
fbem-13195	32	60	situation	situation	NOUN
fbem-13195	32	61	of	of	ADP
fbem-13195	32	62	a	a	DET
fbem-13195	32	63	single	single	ADJ
fbem-13195	32	64	country	country	NOUN
fbem-13195	32	65	,	,	PUNCT
fbem-13195	32	66	ignoring	ignore	VERB
fbem-13195	32	67	the	the	DET
fbem-13195	32	68	influence	influence	NOUN
fbem-13195	32	69	and	and	CCONJ
fbem-13195	32	70	importance	importance	NOUN
fbem-13195	32	71	of	of	ADP
fbem-13195	32	72	the	the	DET
fbem-13195	32	73	brics	bric	NOUN
fbem-13195	32	74	countries	country	NOUN
fbem-13195	32	75	on	on	ADP
fbem-13195	32	76	global	global	ADJ
fbem-13195	32	77	foreign	foreign	ADJ
fbem-13195	32	78	exchange	exchange	NOUN
fbem-13195	32	79	reserves	reserve	NOUN
fbem-13195	32	80	.	.	PUNCT
fbem-13195	33	1	at	at	ADP
fbem-13195	33	2	the	the	DET
fbem-13195	33	3	same	same	ADJ
fbem-13195	33	4	time	time	NOUN
fbem-13195	33	5	,	,	PUNCT
fbem-13195	33	6	in	in	ADP
fbem-13195	33	7	the	the	DET
fbem-13195	33	8	existing	exist	VERB
fbem-13195	33	9	research	research	NOUN
fbem-13195	33	10	on	on	ADP
fbem-13195	33	11	the	the	DET
fbem-13195	33	12	foreign	foreign	ADJ
fbem-13195	33	13	exchange	exchange	NOUN
fbem-13195	33	14	reserves	reserve	NOUN
fbem-13195	33	15	of	of	ADP
fbem-13195	33	16	foreign	foreign	ADJ
fbem-13195	33	17	exchange	exchange	NOUN
fbem-13195	33	18	countries	country	NOUN
fbem-13195	33	19	,	,	PUNCT
fbem-13195	33	20	the	the	DET
fbem-13195	33	21	mutual	mutual	ADJ
fbem-13195	33	22	co	co	NOUN
fbem-13195	33	23	-	-	NOUN
fbem-13195	33	24	movement	movement	NOUN
fbem-13195	33	25	is	be	AUX
fbem-13195	33	26	often	often	ADV
fbem-13195	33	27	not	not	PART
fbem-13195	33	28	taken	take	VERB
fbem-13195	33	29	into	into	ADP
fbem-13195	33	30	account	account	NOUN
fbem-13195	33	31	.	.	PUNCT
fbem-13195	34	1	therefore	therefore	ADV
fbem-13195	34	2	,	,	PUNCT
fbem-13195	34	3	the	the	DET
fbem-13195	34	4	innovation	innovation	NOUN
fbem-13195	34	5	of	of	ADP
fbem-13195	34	6	this	this	DET
fbem-13195	34	7	paper	paper	NOUN
fbem-13195	34	8	is	be	AUX
fbem-13195	34	9	based	base	VERB
fbem-13195	34	10	on	on	ADP
fbem-13195	34	11	the	the	DET
fbem-13195	34	12	study	study	NOUN
fbem-13195	34	13	of	of	ADP
fbem-13195	34	14	the	the	DET
fbem-13195	34	15	co	co	NOUN
fbem-13195	34	16	-	-	NOUN
fbem-13195	34	17	movement	movement	NOUN
fbem-13195	34	18	of	of	ADP
fbem-13195	34	19	foreign	foreign	ADJ
fbem-13195	34	20	exchange	exchange	NOUN
fbem-13195	34	21	reserves	reserve	NOUN
fbem-13195	34	22	between	between	ADP
fbem-13195	34	23	countries	country	NOUN
fbem-13195	34	24	,	,	PUNCT
fbem-13195	34	25	which	which	PRON
fbem-13195	34	26	has	have	VERB
fbem-13195	34	27	a	a	DET
fbem-13195	34	28	stronger	strong	ADJ
fbem-13195	34	29	timeliness	timeliness	NOUN
fbem-13195	34	30	,	,	PUNCT
fbem-13195	34	31	and	and	CCONJ
fbem-13195	34	32	can	can	AUX
fbem-13195	34	33	also	also	ADV
fbem-13195	34	34	better	well	ADV
fbem-13195	34	35	provide	provide	VERB
fbem-13195	34	36	national	national	ADJ
fbem-13195	34	37	policymakers	policymaker	NOUN
fbem-13195	34	38	with	with	ADP
fbem-13195	34	39	more	more	ADV
fbem-13195	34	40	real	real	ADJ
fbem-13195	34	41	,	,	PUNCT
fbem-13195	34	42	reliable	reliable	ADJ
fbem-13195	34	43	and	and	CCONJ
fbem-13195	34	44	effective	effective	ADJ
fbem-13195	34	45	information	information	NOUN
fbem-13195	34	46	to	to	PART
fbem-13195	34	47	make	make	VERB
fbem-13195	34	48	the	the	DET
fbem-13195	34	49	right	right	ADJ
fbem-13195	34	50	decision	decision	NOUN
fbem-13195	34	51	and	and	CCONJ
fbem-13195	34	52	promote	promote	VERB
fbem-13195	34	53	the	the	DET
fbem-13195	34	54	economic	economic	ADJ
fbem-13195	34	55	development	development	NOUN
fbem-13195	34	56	and	and	CCONJ
fbem-13195	34	57	cooperation	cooperation	NOUN
fbem-13195	34	58	of	of	ADP
fbem-13195	34	59	brics	bric	NOUN
fbem-13195	34	60	countries	country	NOUN
fbem-13195	34	61	.	.	PUNCT
fbem-13195	35	1	3	3	X
fbem-13195	35	2	.	.	X
fbem-13195	35	3	method	method	PROPN
fbem-13195	35	4	3.1	3.1	NUM
fbem-13195	35	5	.	.	PUNCT
fbem-13195	35	6	data	datum	NOUN
fbem-13195	35	7	description	description	NOUN
fbem-13195	35	8	in	in	ADP
fbem-13195	35	9	this	this	DET
fbem-13195	35	10	paper	paper	NOUN
fbem-13195	35	11	,	,	PUNCT
fbem-13195	35	12	monthly	monthly	ADJ
fbem-13195	35	13	foreign	foreign	ADJ
fbem-13195	35	14	exchange	exchange	NOUN
fbem-13195	35	15	reserve	reserve	NOUN
fbem-13195	35	16	data	datum	NOUN
fbem-13195	35	17	for	for	ADP
fbem-13195	35	18	the	the	DET
fbem-13195	35	19	brics	bric	NOUN
fbem-13195	35	20	countries	country	NOUN
fbem-13195	35	21	(	(	PUNCT
fbem-13195	35	22	china	china	PROPN
fbem-13195	35	23	,	,	PUNCT
fbem-13195	35	24	brazil	brazil	PROPN
fbem-13195	35	25	,	,	PUNCT
fbem-13195	35	26	south	south	PROPN
fbem-13195	35	27	africa	africa	PROPN
fbem-13195	35	28	,	,	PUNCT
fbem-13195	35	29	russia	russia	PROPN
fbem-13195	35	30	,	,	PUNCT
fbem-13195	35	31	and	and	CCONJ
fbem-13195	35	32	india	india	PROPN
fbem-13195	35	33	)	)	PUNCT
fbem-13195	35	34	from	from	ADP
fbem-13195	35	35	january	january	PROPN
fbem-13195	35	36	2001	2001	NUM
fbem-13195	35	37	to	to	ADP
fbem-13195	35	38	december	december	PROPN
fbem-13195	35	39	2022	2022	NUM
fbem-13195	35	40	are	be	AUX
fbem-13195	35	41	selected	select	VERB
fbem-13195	35	42	,	,	PUNCT
fbem-13195	35	43	with	with	ADP
fbem-13195	35	44	264	264	NUM
fbem-13195	35	45	data	datum	NOUN
fbem-13195	35	46	for	for	ADP
fbem-13195	35	47	each	each	DET
fbem-13195	35	48	country	country	NOUN
fbem-13195	35	49	,	,	PUNCT
fbem-13195	35	50	which	which	PRON
fbem-13195	35	51	are	be	AUX
fbem-13195	35	52	obtained	obtain	VERB
fbem-13195	35	53	from	from	ADP
fbem-13195	35	54	each	each	DET
fbem-13195	35	55	country	country	NOUN
fbem-13195	35	56	's	's	PART
fbem-13195	35	57	central	central	ADJ
fbem-13195	35	58	bank	bank	NOUN
fbem-13195	35	59	database	database	NOUN
fbem-13195	35	60	.	.	PUNCT
fbem-13195	36	1	table	table	NOUN
fbem-13195	36	2	1	1	NUM
fbem-13195	36	3	presents	present	VERB
fbem-13195	36	4	descriptive	descriptive	ADJ
fbem-13195	36	5	statistics	statistic	NOUN
fbem-13195	36	6	of	of	ADP
fbem-13195	36	7	the	the	DET
fbem-13195	36	8	data	datum	NOUN
fbem-13195	36	9	.	.	PUNCT
fbem-13195	37	1	in	in	ADP
fbem-13195	37	2	terms	term	NOUN
fbem-13195	37	3	of	of	ADP
fbem-13195	37	4	mean	mean	ADJ
fbem-13195	37	5	value	value	NOUN
fbem-13195	37	6	,	,	PUNCT
fbem-13195	37	7	china	china	PROPN
fbem-13195	37	8	's	's	PART
fbem-13195	37	9	foreign	foreign	ADJ
fbem-13195	37	10	exchange	exchange	NOUN
fbem-13195	37	11	reserves	reserve	NOUN
fbem-13195	37	12	are	be	AUX
fbem-13195	37	13	much	much	ADV
fbem-13195	37	14	larger	large	ADJ
fbem-13195	37	15	than	than	ADP
fbem-13195	37	16	the	the	DET
fbem-13195	37	17	other	other	ADJ
fbem-13195	37	18	four	four	NUM
fbem-13195	37	19	countries	country	NOUN
fbem-13195	37	20	,	,	PUNCT
fbem-13195	37	21	up	up	ADP
fbem-13195	37	22	to	to	ADP
fbem-13195	37	23	about	about	ADP
fbem-13195	37	24	$	$	SYM
fbem-13195	37	25	2284.6	2284.6	NUM
fbem-13195	37	26	billion	billion	NUM
fbem-13195	37	27	;	;	PUNCT
fbem-13195	37	28	in	in	ADP
fbem-13195	37	29	second	second	ADJ
fbem-13195	37	30	place	place	NOUN
fbem-13195	37	31	is	be	AUX
fbem-13195	37	32	russia	russia	PROPN
fbem-13195	37	33	,	,	PUNCT
fbem-13195	37	34	the	the	DET
fbem-13195	37	35	volume	volume	NOUN
fbem-13195	37	36	of	of	ADP
fbem-13195	37	37	foreign	foreign	ADJ
fbem-13195	37	38	exchange	exchange	NOUN
fbem-13195	37	39	reserves	reserve	NOUN
fbem-13195	37	40	is	be	AUX
fbem-13195	37	41	about	about	ADV
fbem-13195	37	42	$	$	SYM
fbem-13195	37	43	324	324	NUM
fbem-13195	37	44	billion	billion	NUM
fbem-13195	37	45	;	;	PUNCT
fbem-13195	37	46	india	india	PROPN
fbem-13195	37	47	and	and	CCONJ
fbem-13195	37	48	brazil	brazil	PROPN
fbem-13195	37	49	's	's	PART
fbem-13195	37	50	foreign	foreign	ADJ
fbem-13195	37	51	exchange	exchange	NOUN
fbem-13195	37	52	reserves	reserve	NOUN
fbem-13195	37	53	mean	mean	VERB
fbem-13195	37	54	value	value	NOUN
fbem-13195	37	55	is	be	AUX
fbem-13195	37	56	$	$	SYM
fbem-13195	37	57	297.5	297.5	NUM
fbem-13195	37	58	billion	billion	NUM
fbem-13195	37	59	and	and	CCONJ
fbem-13195	37	60	$	$	SYM
fbem-13195	37	61	237.3	237.3	NUM
fbem-13195	37	62	billion	billion	NUM
fbem-13195	37	63	;	;	PUNCT
fbem-13195	37	64	south	south	PROPN
fbem-13195	37	65	africa	africa	PROPN
fbem-13195	37	66	's	's	PART
fbem-13195	37	67	foreign	foreign	ADJ
fbem-13195	37	68	exchange	exchange	NOUN
fbem-13195	37	69	reserves	reserve	NOUN
fbem-13195	37	70	are	be	AUX
fbem-13195	37	71	the	the	DET
fbem-13195	37	72	lowest	low	ADJ
fbem-13195	37	73	,	,	PUNCT
fbem-13195	37	74	the	the	DET
fbem-13195	37	75	mean	mean	ADJ
fbem-13195	37	76	value	value	NOUN
fbem-13195	37	77	is	be	AUX
fbem-13195	37	78	$	$	SYM
fbem-13195	37	79	31.3	31.3	NUM
fbem-13195	37	80	billion	billion	NUM
fbem-13195	37	81	.	.	PUNCT
fbem-13195	38	1	comparing	compare	VERB
fbem-13195	38	2	the	the	DET
fbem-13195	38	3	degree	degree	NOUN
fbem-13195	38	4	of	of	ADP
fbem-13195	38	5	volatility	volatility	NOUN
fbem-13195	38	6	of	of	ADP
fbem-13195	38	7	the	the	DET
fbem-13195	38	8	five	five	NUM
fbem-13195	38	9	countries	country	NOUN
fbem-13195	38	10	,	,	PUNCT
fbem-13195	38	11	china	china	PROPN
fbem-13195	38	12	's	's	PART
fbem-13195	38	13	standard	standard	ADJ
fbem-13195	38	14	deviation	deviation	NOUN
fbem-13195	38	15	is	be	AUX
fbem-13195	38	16	the	the	DET
fbem-13195	38	17	largest	large	ADJ
fbem-13195	38	18	,	,	PUNCT
fbem-13195	38	19	which	which	PRON
fbem-13195	38	20	can	can	AUX
fbem-13195	38	21	be	be	AUX
fbem-13195	38	22	seen	see	VERB
fbem-13195	38	23	in	in	ADP
fbem-13195	38	24	china	china	PROPN
fbem-13195	38	25	's	's	PART
fbem-13195	38	26	foreign	foreign	ADJ
fbem-13195	38	27	exchange	exchange	NOUN
fbem-13195	38	28	reserves	reserve	NOUN
fbem-13195	38	29	fluctuations	fluctuation	NOUN
fbem-13195	38	30	are	be	AUX
fbem-13195	38	31	the	the	DET
fbem-13195	38	32	strongest	strong	ADJ
fbem-13195	38	33	.	.	PUNCT
fbem-13195	39	1	compared	compare	VERB
fbem-13195	39	2	to	to	ADP
fbem-13195	39	3	the	the	DET
fbem-13195	39	4	other	other	ADJ
fbem-13195	39	5	four	four	NUM
fbem-13195	39	6	97	97	NUM
fbem-13195	39	7	countries	country	NOUN
fbem-13195	39	8	,	,	PUNCT
fbem-13195	39	9	south	south	PROPN
fbem-13195	39	10	africa	africa	PROPN
fbem-13195	39	11	's	's	PART
fbem-13195	39	12	foreign	foreign	PROPN
fbem-13195	39	13	exchange	exchange	NOUN
fbem-13195	39	14	reserve	reserve	NOUN
fbem-13195	39	15	size	size	NOUN
fbem-13195	39	16	mean	mean	VERB
fbem-13195	39	17	,	,	PUNCT
fbem-13195	39	18	standard	standard	ADJ
fbem-13195	39	19	deviation	deviation	NOUN
fbem-13195	39	20	,	,	PUNCT
fbem-13195	39	21	minimum	minimum	ADJ
fbem-13195	39	22	and	and	CCONJ
fbem-13195	39	23	maximum	maximum	ADJ
fbem-13195	39	24	values	value	NOUN
fbem-13195	39	25	are	be	AUX
fbem-13195	39	26	very	very	ADV
fbem-13195	39	27	low	low	ADJ
fbem-13195	39	28	,	,	PUNCT
fbem-13195	39	29	there	there	PRON
fbem-13195	39	30	is	be	VERB
fbem-13195	39	31	a	a	DET
fbem-13195	39	32	lot	lot	NOUN
fbem-13195	39	33	of	of	ADP
fbem-13195	39	34	room	room	NOUN
fbem-13195	39	35	for	for	ADP
fbem-13195	39	36	development	development	NOUN
fbem-13195	39	37	.	.	PUNCT
fbem-13195	40	1	observing	observe	VERB
fbem-13195	40	2	figure	figure	NOUN
fbem-13195	40	3	1	1	NUM
fbem-13195	40	4	,	,	PUNCT
fbem-13195	40	5	china	china	PROPN
fbem-13195	40	6	's	's	PART
fbem-13195	40	7	foreign	foreign	ADJ
fbem-13195	40	8	exchange	exchange	NOUN
fbem-13195	40	9	reserves	reserve	NOUN
fbem-13195	40	10	are	be	AUX
fbem-13195	40	11	significantly	significantly	ADV
fbem-13195	40	12	more	more	ADJ
fbem-13195	40	13	than	than	ADP
fbem-13195	40	14	the	the	DET
fbem-13195	40	15	other	other	ADJ
fbem-13195	40	16	four	four	NUM
fbem-13195	40	17	countries	country	NOUN
fbem-13195	40	18	;	;	PUNCT
fbem-13195	40	19	south	south	PROPN
fbem-13195	40	20	africa	africa	PROPN
fbem-13195	40	21	's	's	PART
fbem-13195	40	22	foreign	foreign	ADJ
fbem-13195	40	23	exchange	exchange	NOUN
fbem-13195	40	24	reserves	reserve	NOUN
fbem-13195	40	25	are	be	AUX
fbem-13195	40	26	the	the	DET
fbem-13195	40	27	smallest	small	ADJ
fbem-13195	40	28	in	in	ADP
fbem-13195	40	29	size	size	NOUN
fbem-13195	40	30	,	,	PUNCT
fbem-13195	40	31	but	but	CCONJ
fbem-13195	40	32	are	be	AUX
fbem-13195	40	33	still	still	ADV
fbem-13195	40	34	rising	rise	VERB
fbem-13195	40	35	and	and	CCONJ
fbem-13195	40	36	developing	develop	VERB
fbem-13195	40	37	continuously	continuously	ADV
fbem-13195	40	38	.	.	PUNCT
fbem-13195	41	1	table	table	NOUN
fbem-13195	41	2	1	1	NUM
fbem-13195	41	3	.	.	PUNCT
fbem-13195	41	4	descriptive	descriptive	ADJ
fbem-13195	41	5	statistics	statistic	NOUN
fbem-13195	41	6	of	of	ADP
fbem-13195	41	7	foreign	foreign	ADJ
fbem-13195	41	8	exchange	exchange	NOUN
fbem-13195	41	9	reserves	reserve	NOUN
fbem-13195	41	10	data	datum	NOUN
fbem-13195	41	11	for	for	ADP
fbem-13195	41	12	brics	bric	NOUN
fbem-13195	41	13	countries	countries	PROPN
fbem-13195	41	14	china	china	PROPN
fbem-13195	41	15	ferb	ferb	PROPN
fbem-13195	41	16	brazil	brazil	PROPN
fbem-13195	41	17	ferc	ferc	PROPN
fbem-13195	41	18	za	za	PROPN
fbem-13195	41	19	ferd	ferd	PROPN
fbem-13195	41	20	russia	russia	PROPN
fbem-13195	41	21	fere	fere	PROPN
fbem-13195	41	22	india	india	PROPN
fbem-13195	41	23	ferf	ferf	PROPN
fbem-13195	41	24	mean	mean	VERB
fbem-13195	41	25	2284596.00	2284596.00	NUM
fbem-13195	41	26	237321.80	237321.80	NUM
fbem-13195	41	27	31301.42	31301.42	NUM
fbem-13195	41	28	324081.80	324081.80	NUM
fbem-13195	41	29	297468.20	297468.20	NUM
fbem-13195	41	30	standard	standard	ADJ
fbem-13195	41	31	deviation	deviation	NOUN
fbem-13195	41	32	1245634.00	1245634.00	NUM
fbem-13195	41	33	132074.30	132074.30	NUM
fbem-13195	41	34	13887.79	13887.79	NUM
fbem-13195	41	35	151232.60	151232.60	NUM
fbem-13195	41	36	113900.20	113900.20	NUM
fbem-13195	41	37	min	min	NOUN
fbem-13195	41	38	168623.00	168623.00	NUM
fbem-13195	41	39	31925.13	31925.13	NUM
fbem-13195	41	40	5584.00	5584.00	NUM
fbem-13195	41	41	24586.00	24586.00	NUM
fbem-13195	41	42	123570.00	123570.00	NUM
fbem-13195	41	43	max	max	PROPN
fbem-13195	41	44	3993213.00	3993213.00	NUM
fbem-13195	41	45	372627.00	372627.00	NUM
fbem-13195	41	46	47433.00	47433.00	NUM
fbem-13195	41	47	582294.00	582294.00	NUM
fbem-13195	41	48	578411.50	578411.50	NUM
fbem-13195	41	49	median	median	NOUN
fbem-13195	41	50	3053333.00	3053333.00	NUM
fbem-13195	41	51	308431.00	308431.00	NUM
fbem-13195	41	52	39022.50	39022.50	NUM
fbem-13195	41	53	378684.00	378684.00	NUM
fbem-13195	41	54	265892.00	265892.00	NUM
fbem-13195	41	55	kurtosis	kurtosis	VERB
fbem-13195	41	56	1.71	1.71	NUM
fbem-13195	41	57	1.54	1.54	NUM
fbem-13195	41	58	2.19	2.19	NUM
fbem-13195	41	59	2.35	2.35	NUM
fbem-13195	41	60	3.03	3.03	NUM
fbem-13195	41	61	skewness	skewness	NOUN
fbem-13195	41	62	-0.54	-0.54	PROPN
fbem-13195	41	63	-0.51	-0.51	INTJ
fbem-13195	41	64	-0.84	-0.84	NOUN
fbem-13195	41	65	-0.84	-0.84	NUM
fbem-13195	41	66	0.80	0.80	NUM
fbem-13195	41	67	volume	volume	NOUN
fbem-13195	41	68	of	of	ADP
fbem-13195	41	69	foreign	foreign	ADJ
fbem-13195	41	70	exchange	exchange	NOUN
fbem-13195	41	71	reserves	reserve	NOUN
fbem-13195	41	72	in	in	ADP
fbem-13195	41	73	millions	million	NOUN
fbem-13195	41	74	of	of	ADP
fbem-13195	41	75	united	united	PROPN
fbem-13195	41	76	states	states	PROPN
fbem-13195	41	77	dollars	dollar	NOUN
fbem-13195	41	78	figure	figure	VERB
fbem-13195	41	79	1	1	NUM
fbem-13195	41	80	.	.	NOUN
fbem-13195	41	81	time	time	NOUN
fbem-13195	41	82	series	series	PROPN
fbem-13195	41	83	plots	plot	NOUN
fbem-13195	41	84	of	of	ADP
fbem-13195	41	85	foreign	foreign	ADJ
fbem-13195	41	86	exchange	exchange	NOUN
fbem-13195	41	87	reserves	reserve	NOUN
fbem-13195	41	88	of	of	ADP
fbem-13195	41	89	brics	bric	NOUN
fbem-13195	41	90	countries	country	NOUN
fbem-13195	41	91	(	(	PUNCT
fbem-13195	41	92	2001	2001	NUM
fbem-13195	41	93	2022	2022	NUM
fbem-13195	41	94	)	)	PUNCT
fbem-13195	41	95	3.2	3.2	NUM
fbem-13195	41	96	.	.	PUNCT
fbem-13195	42	1	data	datum	NOUN
fbem-13195	42	2	processing	processing	NOUN
fbem-13195	42	3	figure	figure	NOUN
fbem-13195	42	4	2	2	NUM
fbem-13195	42	5	.	.	NOUN
fbem-13195	42	6	time	time	NOUN
fbem-13195	42	7	-	-	PUNCT
fbem-13195	42	8	series	series	NOUN
fbem-13195	42	9	plots	plot	NOUN
fbem-13195	42	10	of	of	ADP
fbem-13195	42	11	foreign	foreign	ADJ
fbem-13195	42	12	exchange	exchange	NOUN
fbem-13195	42	13	reserve	reserve	NOUN
fbem-13195	42	14	volatility	volatility	NOUN
fbem-13195	42	15	for	for	ADP
fbem-13195	42	16	brics	bric	NOUN
fbem-13195	42	17	countries	country	NOUN
fbem-13195	42	18	98	98	NUM
fbem-13195	42	19	as	as	ADP
fbem-13195	42	20	this	this	DET
fbem-13195	42	21	paper	paper	NOUN
fbem-13195	42	22	studies	study	NOUN
fbem-13195	42	23	the	the	DET
fbem-13195	42	24	co	co	NOUN
fbem-13195	42	25	-	-	NOUN
fbem-13195	42	26	movement	movement	NOUN
fbem-13195	42	27	of	of	ADP
fbem-13195	42	28	the	the	DET
fbem-13195	42	29	changes	change	NOUN
fbem-13195	42	30	in	in	ADP
fbem-13195	42	31	the	the	DET
fbem-13195	42	32	size	size	NOUN
fbem-13195	42	33	of	of	ADP
fbem-13195	42	34	foreign	foreign	ADJ
fbem-13195	42	35	exchange	exchange	NOUN
fbem-13195	42	36	reserves	reserve	NOUN
fbem-13195	42	37	among	among	ADP
fbem-13195	42	38	the	the	DET
fbem-13195	42	39	brics	bric	NOUN
fbem-13195	42	40	countries	country	NOUN
fbem-13195	42	41	,	,	PUNCT
fbem-13195	42	42	the	the	DET
fbem-13195	42	43	data	datum	NOUN
fbem-13195	42	44	of	of	ADP
fbem-13195	42	45	each	each	DET
fbem-13195	42	46	country	country	NOUN
fbem-13195	42	47	is	be	AUX
fbem-13195	42	48	processed	process	VERB
fbem-13195	42	49	by	by	ADP
fbem-13195	42	50	hp	hp	NOUN
fbem-13195	42	51	filtering	filter	VERB
fbem-13195	42	52	to	to	PART
fbem-13195	42	53	extract	extract	VERB
fbem-13195	42	54	the	the	DET
fbem-13195	42	55	volatility	volatility	NOUN
fbem-13195	42	56	term	term	NOUN
fbem-13195	42	57	of	of	ADP
fbem-13195	42	58	the	the	DET
fbem-13195	42	59	foreign	foreign	ADJ
fbem-13195	42	60	exchange	exchange	PROPN
fbem-13195	42	61	reserve	reserve	NOUN
fbem-13195	42	62	volume	volume	NOUN
fbem-13195	42	63	as	as	ADP
fbem-13195	42	64	a	a	DET
fbem-13195	42	65	measure	measure	NOUN
fbem-13195	42	66	of	of	ADP
fbem-13195	42	67	the	the	DET
fbem-13195	42	68	volatility	volatility	NOUN
fbem-13195	42	69	of	of	ADP
fbem-13195	42	70	foreign	foreign	ADJ
fbem-13195	42	71	exchange	exchange	NOUN
fbem-13195	42	72	reserves	reserve	NOUN
fbem-13195	42	73	,	,	PUNCT
fbem-13195	42	74	and	and	CCONJ
fbem-13195	42	75	the	the	DET
fbem-13195	42	76	image	image	NOUN
fbem-13195	42	77	is	be	AUX
fbem-13195	42	78	plotted	plot	VERB
fbem-13195	42	79	as	as	SCONJ
fbem-13195	42	80	shown	show	VERB
fbem-13195	42	81	in	in	ADP
fbem-13195	42	82	figure	figure	NOUN
fbem-13195	42	83	2	2	NUM
fbem-13195	42	84	.	.	PUNCT
fbem-13195	43	1	it	it	PRON
fbem-13195	43	2	can	can	AUX
fbem-13195	43	3	be	be	AUX
fbem-13195	43	4	clearly	clearly	ADV
fbem-13195	43	5	seen	see	VERB
fbem-13195	43	6	that	that	SCONJ
fbem-13195	43	7	the	the	DET
fbem-13195	43	8	foreign	foreign	ADJ
fbem-13195	43	9	exchange	exchange	PROPN
fbem-13195	43	10	reserve	reserve	NOUN
fbem-13195	43	11	volume	volume	NOUN
fbem-13195	43	12	of	of	ADP
fbem-13195	43	13	almost	almost	ADV
fbem-13195	43	14	all	all	DET
fbem-13195	43	15	five	five	NUM
fbem-13195	43	16	countries	country	NOUN
fbem-13195	43	17	develops	develop	VERB
fbem-13195	43	18	relatively	relatively	ADV
fbem-13195	43	19	smoothly	smoothly	ADV
fbem-13195	43	20	before	before	ADP
fbem-13195	43	21	2006	2006	NUM
fbem-13195	43	22	,	,	PUNCT
fbem-13195	43	23	and	and	CCONJ
fbem-13195	43	24	fluctuates	fluctuate	VERB
fbem-13195	43	25	strongly	strongly	ADV
fbem-13195	43	26	after	after	ADP
fbem-13195	43	27	2006	2006	NUM
fbem-13195	43	28	;	;	PUNCT
fbem-13195	43	29	it	it	PRON
fbem-13195	43	30	shows	show	VERB
fbem-13195	43	31	a	a	DET
fbem-13195	43	32	significant	significant	ADJ
fbem-13195	43	33	growth	growth	NOUN
fbem-13195	43	34	trend	trend	NOUN
fbem-13195	43	35	in	in	ADP
fbem-13195	43	36	2008	2008	NUM
fbem-13195	43	37	,	,	PUNCT
fbem-13195	43	38	2012	2012	NUM
fbem-13195	43	39	,	,	PUNCT
fbem-13195	43	40	2014	2014	NUM
fbem-13195	43	41	,	,	PUNCT
fbem-13195	43	42	and	and	CCONJ
fbem-13195	43	43	2021	2021	NUM
fbem-13195	43	44	,	,	PUNCT
fbem-13195	43	45	and	and	CCONJ
fbem-13195	43	46	a	a	DET
fbem-13195	43	47	significant	significant	ADJ
fbem-13195	43	48	decline	decline	NOUN
fbem-13195	43	49	in	in	ADP
fbem-13195	43	50	2009	2009	NUM
fbem-13195	43	51	and	and	CCONJ
fbem-13195	43	52	2022	2022	NUM
fbem-13195	43	53	.	.	PUNCT
fbem-13195	44	1	although	although	SCONJ
fbem-13195	44	2	the	the	DET
fbem-13195	44	3	degree	degree	NOUN
fbem-13195	44	4	of	of	ADP
fbem-13195	44	5	change	change	NOUN
fbem-13195	44	6	in	in	ADP
fbem-13195	44	7	the	the	DET
fbem-13195	44	8	volume	volume	NOUN
fbem-13195	44	9	of	of	ADP
fbem-13195	44	10	foreign	foreign	ADJ
fbem-13195	44	11	exchange	exchange	NOUN
fbem-13195	44	12	reserves	reserve	NOUN
fbem-13195	44	13	varies	vary	VERB
fbem-13195	44	14	among	among	ADP
fbem-13195	44	15	the	the	DET
fbem-13195	44	16	five	five	NUM
fbem-13195	44	17	countries	country	NOUN
fbem-13195	44	18	,	,	PUNCT
fbem-13195	44	19	their	their	PRON
fbem-13195	44	20	trends	trend	NOUN
fbem-13195	44	21	at	at	ADP
fbem-13195	44	22	some	some	PRON
fbem-13195	44	23	of	of	ADP
fbem-13195	44	24	the	the	DET
fbem-13195	44	25	same	same	ADJ
fbem-13195	44	26	time	time	NOUN
fbem-13195	44	27	points	point	NOUN
fbem-13195	44	28	are	be	AUX
fbem-13195	44	29	basically	basically	ADV
fbem-13195	44	30	the	the	DET
fbem-13195	44	31	same	same	ADJ
fbem-13195	44	32	,	,	PUNCT
fbem-13195	44	33	and	and	CCONJ
fbem-13195	44	34	these	these	DET
fbem-13195	44	35	changes	change	NOUN
fbem-13195	44	36	can	can	AUX
fbem-13195	44	37	roughly	roughly	ADV
fbem-13195	44	38	prove	prove	VERB
fbem-13195	44	39	the	the	DET
fbem-13195	44	40	existence	existence	NOUN
fbem-13195	44	41	of	of	ADP
fbem-13195	44	42	co	co	NOUN
fbem-13195	44	43	-	-	NOUN
fbem-13195	44	44	movement	movement	NOUN
fbem-13195	44	45	in	in	ADP
fbem-13195	44	46	the	the	DET
fbem-13195	44	47	volume	volume	NOUN
fbem-13195	44	48	of	of	ADP
fbem-13195	44	49	foreign	foreign	ADJ
fbem-13195	44	50	exchange	exchange	NOUN
fbem-13195	44	51	reserves	reserve	NOUN
fbem-13195	44	52	of	of	ADP
fbem-13195	44	53	the	the	DET
fbem-13195	44	54	brics	bric	NOUN
fbem-13195	44	55	countries	country	NOUN
fbem-13195	44	56	.	.	PUNCT
fbem-13195	45	1	the	the	DET
fbem-13195	45	2	adf	adf	PROPN
fbem-13195	45	3	unit	unit	NOUN
fbem-13195	45	4	root	root	NOUN
fbem-13195	45	5	test	test	NOUN
fbem-13195	45	6	for	for	ADP
fbem-13195	45	7	the	the	DET
fbem-13195	45	8	volatility	volatility	NOUN
fbem-13195	45	9	terms	term	NOUN
fbem-13195	45	10	are	be	AUX
fbem-13195	45	11	all	all	PRON
fbem-13195	45	12	smooth	smooth	ADJ
fbem-13195	45	13	time	time	NOUN
fbem-13195	45	14	series	series	NOUN
fbem-13195	45	15	.	.	PUNCT
fbem-13195	46	1	3.3	3.3	NUM
fbem-13195	46	2	.	.	PUNCT
fbem-13195	47	1	co	co	NOUN
fbem-13195	47	2	-	-	NOUN
fbem-13195	47	3	movement	movement	ADJ
fbem-13195	47	4	test	test	NOUN
fbem-13195	47	5	3.3.1	3.3.1	NUM
fbem-13195	47	6	.	.	PUNCT
fbem-13195	48	1	static	static	ADJ
fbem-13195	48	2	correlation	correlation	NOUN
fbem-13195	48	3	coefficient	coefficient	NOUN
fbem-13195	48	4	method	method	NOUN
fbem-13195	48	5	test	test	VERB
fbem-13195	48	6	the	the	DET
fbem-13195	48	7	matrix	matrix	NOUN
fbem-13195	48	8	of	of	ADP
fbem-13195	48	9	correlation	correlation	NOUN
fbem-13195	48	10	coefficients	coefficient	NOUN
fbem-13195	48	11	of	of	ADP
fbem-13195	48	12	foreign	foreign	ADJ
fbem-13195	48	13	exchange	exchange	NOUN
fbem-13195	48	14	reserve	reserve	NOUN
fbem-13195	48	15	fluctuations	fluctuation	NOUN
fbem-13195	48	16	among	among	ADP
fbem-13195	48	17	brics	bric	NOUN
fbem-13195	48	18	countries	country	NOUN
fbem-13195	48	19	can	can	AUX
fbem-13195	48	20	reflect	reflect	VERB
fbem-13195	48	21	the	the	DET
fbem-13195	48	22	co	co	NOUN
fbem-13195	48	23	-	-	NOUN
fbem-13195	48	24	movement	movement	NOUN
fbem-13195	48	25	of	of	ADP
fbem-13195	48	26	national	national	ADJ
fbem-13195	48	27	changes	change	NOUN
fbem-13195	48	28	.	.	PUNCT
fbem-13195	49	1	in	in	ADP
fbem-13195	49	2	order	order	NOUN
fbem-13195	49	3	to	to	PART
fbem-13195	49	4	avoid	avoid	VERB
fbem-13195	49	5	the	the	DET
fbem-13195	49	6	loss	loss	NOUN
fbem-13195	49	7	of	of	ADP
fbem-13195	49	8	important	important	ADJ
fbem-13195	49	9	information	information	NOUN
fbem-13195	49	10	,	,	PUNCT
fbem-13195	49	11	this	this	DET
fbem-13195	49	12	study	study	NOUN
fbem-13195	49	13	utilises	utilise	VERB
fbem-13195	49	14	two	two	NUM
fbem-13195	49	15	types	type	NOUN
fbem-13195	49	16	of	of	ADP
fbem-13195	49	17	correlation	correlation	NOUN
fbem-13195	49	18	coefficients	coefficient	NOUN
fbem-13195	49	19	,	,	PUNCT
fbem-13195	49	20	namely	namely	ADV
fbem-13195	49	21	the	the	DET
fbem-13195	49	22	pearson	pearson	NOUN
fbem-13195	49	23	correlation	correlation	NOUN
fbem-13195	49	24	coefficient	coefficient	NOUN
fbem-13195	49	25	and	and	CCONJ
fbem-13195	49	26	the	the	DET
fbem-13195	49	27	spearman	spearman	NOUN
fbem-13195	49	28	correlation	correlation	NOUN
fbem-13195	49	29	coefficient	coefficient	NOUN
fbem-13195	49	30	,	,	PUNCT
fbem-13195	49	31	and	and	CCONJ
fbem-13195	49	32	table	table	NOUN
fbem-13195	49	33	2	2	NUM
fbem-13195	49	34	shows	show	VERB
fbem-13195	49	35	the	the	DET
fbem-13195	49	36	specific	specific	ADJ
fbem-13195	49	37	results	result	NOUN
fbem-13195	49	38	.	.	PUNCT
fbem-13195	50	1	it	it	PRON
fbem-13195	50	2	is	be	AUX
fbem-13195	50	3	easy	easy	ADJ
fbem-13195	50	4	to	to	PART
fbem-13195	50	5	see	see	VERB
fbem-13195	50	6	that	that	SCONJ
fbem-13195	50	7	there	there	PRON
fbem-13195	50	8	is	be	VERB
fbem-13195	50	9	a	a	DET
fbem-13195	50	10	correlation	correlation	NOUN
fbem-13195	50	11	with	with	ADP
fbem-13195	50	12	a	a	DET
fbem-13195	50	13	significance	significance	NOUN
fbem-13195	50	14	level	level	NOUN
fbem-13195	50	15	of	of	ADP
fbem-13195	50	16	1	1	NUM
fbem-13195	50	17	per	per	ADP
fbem-13195	50	18	cent	cent	NOUN
fbem-13195	50	19	between	between	ADP
fbem-13195	50	20	all	all	DET
fbem-13195	50	21	the	the	DET
fbem-13195	50	22	countries	country	NOUN
fbem-13195	50	23	except	except	SCONJ
fbem-13195	50	24	india	india	PROPN
fbem-13195	50	25	and	and	CCONJ
fbem-13195	50	26	south	south	PROPN
fbem-13195	50	27	africa	africa	PROPN
fbem-13195	50	28	where	where	SCONJ
fbem-13195	50	29	there	there	PRON
fbem-13195	50	30	is	be	VERB
fbem-13195	50	31	no	no	DET
fbem-13195	50	32	significant	significant	ADJ
fbem-13195	50	33	correlation	correlation	NOUN
fbem-13195	50	34	in	in	ADP
fbem-13195	50	35	terms	term	NOUN
fbem-13195	50	36	of	of	ADP
fbem-13195	50	37	change	change	NOUN
fbem-13195	50	38	in	in	ADP
fbem-13195	50	39	foreign	foreign	ADJ
fbem-13195	50	40	exchange	exchange	NOUN
fbem-13195	50	41	reserves	reserve	NOUN
fbem-13195	50	42	.	.	PUNCT
fbem-13195	51	1	according	accord	VERB
fbem-13195	51	2	to	to	ADP
fbem-13195	51	3	the	the	DET
fbem-13195	51	4	pearson	pearson	PROPN
fbem-13195	51	5	correlation	correlation	NOUN
fbem-13195	51	6	coefficient	coefficient	NOUN
fbem-13195	51	7	,	,	PUNCT
fbem-13195	51	8	the	the	DET
fbem-13195	51	9	correlation	correlation	NOUN
fbem-13195	51	10	between	between	ADP
fbem-13195	51	11	the	the	DET
fbem-13195	51	12	foreign	foreign	ADJ
fbem-13195	51	13	exchange	exchange	NOUN
fbem-13195	51	14	reserve	reserve	NOUN
fbem-13195	51	15	fluctuations	fluctuation	NOUN
fbem-13195	51	16	of	of	ADP
fbem-13195	51	17	brazil	brazil	PROPN
fbem-13195	51	18	and	and	CCONJ
fbem-13195	51	19	south	south	PROPN
fbem-13195	51	20	africa	africa	PROPN
fbem-13195	51	21	is	be	AUX
fbem-13195	51	22	low	low	ADJ
fbem-13195	51	23	at	at	ADP
fbem-13195	51	24	0.1966	0.1966	NUM
fbem-13195	51	25	,	,	PUNCT
fbem-13195	51	26	and	and	CCONJ
fbem-13195	51	27	the	the	DET
fbem-13195	51	28	correlation	correlation	NOUN
fbem-13195	51	29	between	between	ADP
fbem-13195	51	30	the	the	DET
fbem-13195	51	31	foreign	foreign	ADJ
fbem-13195	51	32	exchange	exchange	NOUN
fbem-13195	51	33	reserve	reserve	NOUN
fbem-13195	51	34	fluctuations	fluctuation	NOUN
fbem-13195	51	35	of	of	ADP
fbem-13195	51	36	brazil	brazil	PROPN
fbem-13195	51	37	and	and	CCONJ
fbem-13195	51	38	russia	russia	PROPN
fbem-13195	51	39	is	be	AUX
fbem-13195	51	40	the	the	DET
fbem-13195	51	41	highest	high	ADJ
fbem-13195	51	42	at	at	ADP
fbem-13195	51	43	0.5589	0.5589	NUM
fbem-13195	51	44	;	;	PUNCT
fbem-13195	51	45	according	accord	VERB
fbem-13195	51	46	to	to	ADP
fbem-13195	51	47	the	the	DET
fbem-13195	51	48	spearman	spearman	NOUN
fbem-13195	51	49	correlation	correlation	NOUN
fbem-13195	51	50	coefficient	coefficient	NOUN
fbem-13195	51	51	,	,	PUNCT
fbem-13195	51	52	the	the	DET
fbem-13195	51	53	correlation	correlation	NOUN
fbem-13195	51	54	between	between	ADP
fbem-13195	51	55	the	the	DET
fbem-13195	51	56	foreign	foreign	ADJ
fbem-13195	51	57	exchange	exchange	NOUN
fbem-13195	51	58	reserve	reserve	NOUN
fbem-13195	51	59	fluctuations	fluctuation	NOUN
fbem-13195	51	60	of	of	ADP
fbem-13195	51	61	brazil	brazil	PROPN
fbem-13195	51	62	and	and	CCONJ
fbem-13195	51	63	south	south	PROPN
fbem-13195	51	64	africa	africa	PROPN
fbem-13195	51	65	is	be	AUX
fbem-13195	51	66	low	low	ADJ
fbem-13195	51	67	at	at	ADP
fbem-13195	51	68	0.1897	0.1897	NUM
fbem-13195	51	69	,	,	PUNCT
fbem-13195	51	70	and	and	CCONJ
fbem-13195	51	71	the	the	DET
fbem-13195	51	72	correlation	correlation	NOUN
fbem-13195	51	73	between	between	ADP
fbem-13195	51	74	the	the	DET
fbem-13195	51	75	foreign	foreign	ADJ
fbem-13195	51	76	exchange	exchange	NOUN
fbem-13195	51	77	reserve	reserve	NOUN
fbem-13195	51	78	fluctuations	fluctuation	NOUN
fbem-13195	51	79	of	of	ADP
fbem-13195	51	80	brazil	brazil	PROPN
fbem-13195	51	81	and	and	CCONJ
fbem-13195	51	82	russia	russia	PROPN
fbem-13195	51	83	is	be	AUX
fbem-13195	51	84	the	the	DET
fbem-13195	51	85	highest	high	ADJ
fbem-13195	51	86	at	at	ADP
fbem-13195	51	87	0.514.these	0.514.these	PROPN
fbem-13195	51	88	data	datum	NOUN
fbem-13195	51	89	further	far	ADV
fbem-13195	51	90	prove	prove	VERB
fbem-13195	51	91	that	that	SCONJ
fbem-13195	51	92	there	there	PRON
fbem-13195	51	93	is	be	VERB
fbem-13195	51	94	a	a	DET
fbem-13195	51	95	significant	significant	ADJ
fbem-13195	51	96	co	co	NOUN
fbem-13195	51	97	-	-	NOUN
fbem-13195	51	98	movement	movement	NOUN
fbem-13195	51	99	in	in	ADP
fbem-13195	51	100	the	the	DET
fbem-13195	51	101	foreign	foreign	ADJ
fbem-13195	51	102	exchange	exchange	NOUN
fbem-13195	51	103	reserve	reserve	NOUN
fbem-13195	51	104	fluctuations	fluctuation	NOUN
fbem-13195	51	105	of	of	ADP
fbem-13195	51	106	the	the	DET
fbem-13195	51	107	brics	bric	NOUN
fbem-13195	51	108	countries	country	NOUN
fbem-13195	51	109	.	.	PUNCT
fbem-13195	52	1	table	table	NOUN
fbem-13195	52	2	2	2	NUM
fbem-13195	52	3	.	.	X
fbem-13195	52	4	matrix	matrix	NOUN
fbem-13195	52	5	of	of	ADP
fbem-13195	52	6	correlation	correlation	NOUN
fbem-13195	52	7	coefficients	coefficient	NOUN
fbem-13195	52	8	of	of	ADP
fbem-13195	52	9	foreign	foreign	ADJ
fbem-13195	52	10	exchange	exchange	NOUN
fbem-13195	52	11	reserve	reserve	NOUN
fbem-13195	52	12	volatility	volatility	NOUN
fbem-13195	52	13	in	in	ADP
fbem-13195	52	14	brics	bric	NOUN
fbem-13195	52	15	countries	country	NOUN
fbem-13195	52	16	correlation	correlation	NOUN
fbem-13195	52	17	coefficient	coefficient	PROPN
fbem-13195	52	18	china	china	PROPN
fbem-13195	52	19	brazil	brazil	PROPN
fbem-13195	52	20	south	south	PROPN
fbem-13195	52	21	africa	africa	PROPN
fbem-13195	52	22	russia	russia	PROPN
fbem-13195	52	23	india	india	PROPN
fbem-13195	52	24	china	china	PROPN
fbem-13195	52	25	pearson	pearson	PROPN
fbem-13195	52	26	1	1	NUM
fbem-13195	52	27	0.2450	0.2450	NUM
fbem-13195	52	28	*	*	PUNCT
fbem-13195	52	29	*	*	PUNCT
fbem-13195	52	30	0.3636	0.3636	NUM
fbem-13195	52	31	*	*	NOUN
fbem-13195	52	32	*	*	NOUN
fbem-13195	52	33	0.2682	0.2682	NUM
fbem-13195	52	34	*	*	PUNCT
fbem-13195	52	35	*	*	PUNCT
fbem-13195	53	1	0.3701	0.3701	NUM
fbem-13195	53	2	*	*	PUNCT
fbem-13195	53	3	*	*	ADJ
fbem-13195	53	4	spearman	spearman	NOUN
fbem-13195	53	5	1	1	NUM
fbem-13195	53	6	0.3322	0.3322	NUM
fbem-13195	53	7	*	*	PUNCT
fbem-13195	53	8	*	*	PUNCT
fbem-13195	53	9	0.3793	0.3793	NUM
fbem-13195	53	10	*	*	PUNCT
fbem-13195	53	11	*	*	NOUN
fbem-13195	53	12	0.3711	0.3711	NUM
fbem-13195	53	13	*	*	PUNCT
fbem-13195	53	14	*	*	PUNCT
fbem-13195	53	15	0.4971	0.4971	NUM
fbem-13195	53	16	*	*	PUNCT
fbem-13195	53	17	*	*	PROPN
fbem-13195	53	18	brazil	brazil	PROPN
fbem-13195	53	19	pearson	pearson	PROPN
fbem-13195	53	20	0.2450	0.2450	NUM
fbem-13195	53	21	*	*	PUNCT
fbem-13195	53	22	*	*	PUNCT
fbem-13195	53	23	1	1	NUM
fbem-13195	53	24	0.1966	0.1966	NUM
fbem-13195	53	25	*	*	PUNCT
fbem-13195	53	26	*	*	PUNCT
fbem-13195	53	27	0.5589	0.5589	NUM
fbem-13195	53	28	*	*	PUNCT
fbem-13195	53	29	*	*	PUNCT
fbem-13195	54	1	0.3499	0.3499	NUM
fbem-13195	54	2	*	*	PUNCT
fbem-13195	54	3	*	*	PUNCT
fbem-13195	54	4	spearman	spearman	NOUN
fbem-13195	54	5	0.3322	0.3322	NUM
fbem-13195	54	6	*	*	NOUN
fbem-13195	54	7	*	*	PROPN
fbem-13195	54	8	1	1	NUM
fbem-13195	54	9	0.1897	0.1897	NUM
fbem-13195	54	10	*	*	PUNCT
fbem-13195	54	11	*	*	PUNCT
fbem-13195	54	12	0.5140	0.5140	NUM
fbem-13195	54	13	*	*	PUNCT
fbem-13195	54	14	*	*	PUNCT
fbem-13195	54	15	0.2877	0.2877	PUNCT
fbem-13195	54	16	*	*	PUNCT
fbem-13195	54	17	*	*	PROPN
fbem-13195	54	18	south	south	PROPN
fbem-13195	54	19	africa	africa	PROPN
fbem-13195	54	20	pearson	pearson	PROPN
fbem-13195	54	21	0.3636	0.3636	NUM
fbem-13195	54	22	*	*	PROPN
fbem-13195	54	23	*	*	X
fbem-13195	54	24	0.1966	0.1966	NUM
fbem-13195	54	25	*	*	PUNCT
fbem-13195	54	26	*	*	PUNCT
fbem-13195	54	27	1	1	NUM
fbem-13195	54	28	0.3497	0.3497	NUM
fbem-13195	54	29	*	*	PUNCT
fbem-13195	54	30	*	*	PUNCT
fbem-13195	54	31	0.0640	0.0640	NUM
fbem-13195	54	32	spearman	spearman	NOUN
fbem-13195	54	33	0.3793	0.3793	NUM
fbem-13195	54	34	*	*	PUNCT
fbem-13195	54	35	*	*	PUNCT
fbem-13195	54	36	0.1897	0.1897	NUM
fbem-13195	54	37	*	*	PUNCT
fbem-13195	54	38	*	*	NOUN
fbem-13195	54	39	1	1	NUM
fbem-13195	54	40	0.3132	0.3132	NUM
fbem-13195	54	41	*	*	PUNCT
fbem-13195	54	42	*	*	PUNCT
fbem-13195	54	43	0.0870	0.0870	NUM
fbem-13195	54	44	russia	russia	PROPN
fbem-13195	54	45	pearson	pearson	PROPN
fbem-13195	54	46	0.2682	0.2682	NUM
fbem-13195	54	47	*	*	PUNCT
fbem-13195	54	48	*	*	PUNCT
fbem-13195	54	49	0.5589	0.5589	NUM
fbem-13195	54	50	*	*	PUNCT
fbem-13195	54	51	*	*	PUNCT
fbem-13195	55	1	0.3497	0.3497	NUM
fbem-13195	55	2	*	*	PUNCT
fbem-13195	55	3	*	*	NOUN
fbem-13195	55	4	1	1	NUM
fbem-13195	55	5	0.3796	0.3796	NUM
fbem-13195	55	6	*	*	PUNCT
fbem-13195	55	7	*	*	NOUN
fbem-13195	55	8	spearman	spearman	NOUN
fbem-13195	55	9	0.3711	0.3711	NUM
fbem-13195	55	10	*	*	PUNCT
fbem-13195	55	11	*	*	NOUN
fbem-13195	55	12	0.5140	0.5140	NUM
fbem-13195	55	13	*	*	PUNCT
fbem-13195	55	14	*	*	PUNCT
fbem-13195	56	1	0.3132	0.3132	NUM
fbem-13195	56	2	*	*	PUNCT
fbem-13195	56	3	*	*	PUNCT
fbem-13195	56	4	1	1	NUM
fbem-13195	56	5	0.2838	0.2838	NUM
fbem-13195	56	6	*	*	PUNCT
fbem-13195	56	7	*	*	PUNCT
fbem-13195	56	8	russia	russia	PROPN
fbem-13195	56	9	pearson	pearson	PROPN
fbem-13195	56	10	0.3701	0.3701	NUM
fbem-13195	56	11	*	*	PUNCT
fbem-13195	56	12	*	*	PUNCT
fbem-13195	56	13	0.3499	0.3499	NUM
fbem-13195	56	14	*	*	PUNCT
fbem-13195	56	15	*	*	PUNCT
fbem-13195	56	16	0.0640	0.0640	NUM
fbem-13195	56	17	0.3796	0.3796	NUM
fbem-13195	56	18	*	*	PUNCT
fbem-13195	56	19	*	*	SYM
fbem-13195	56	20	1	1	NUM
fbem-13195	56	21	spearman	spearman	NOUN
fbem-13195	56	22	0.4971	0.4971	NUM
fbem-13195	56	23	*	*	PUNCT
fbem-13195	56	24	*	*	PUNCT
fbem-13195	56	25	0.2877	0.2877	PUNCT
fbem-13195	56	26	*	*	PUNCT
fbem-13195	56	27	*	*	PUNCT
fbem-13195	56	28	0.0870	0.0870	NUM
fbem-13195	56	29	0.2838	0.2838	NUM
fbem-13195	56	30	*	*	PUNCT
fbem-13195	56	31	*	*	SYM
fbem-13195	56	32	1	1	NUM
fbem-13195	56	33	note	note	NOUN
fbem-13195	56	34	:*	:*	PROPN
fbem-13195	56	35	*	*	PUNCT
fbem-13195	56	36	indicates	indicate	VERB
fbem-13195	56	37	a	a	DET
fbem-13195	56	38	significance	significance	NOUN
fbem-13195	56	39	level	level	NOUN
fbem-13195	56	40	of	of	ADP
fbem-13195	56	41	1	1	NUM
fbem-13195	56	42	per	per	ADP
fbem-13195	56	43	cent	cent	NOUN
fbem-13195	56	44	3.3.2	3.3.2	NUM
fbem-13195	56	45	.	.	PUNCT
fbem-13195	57	1	rolling	roll	VERB
fbem-13195	57	2	correlation	correlation	NOUN
fbem-13195	57	3	coefficient	coefficient	NOUN
fbem-13195	57	4	method	method	NOUN
fbem-13195	57	5	test	test	NOUN
fbem-13195	57	6	compared	compare	VERB
fbem-13195	57	7	with	with	ADP
fbem-13195	57	8	the	the	DET
fbem-13195	57	9	static	static	ADJ
fbem-13195	57	10	correlation	correlation	NOUN
fbem-13195	57	11	coefficient	coefficient	NOUN
fbem-13195	57	12	test	test	NOUN
fbem-13195	57	13	,	,	PUNCT
fbem-13195	57	14	the	the	DET
fbem-13195	57	15	rolling	rolling	ADJ
fbem-13195	57	16	correlation	correlation	NOUN
fbem-13195	57	17	coefficient	coefficient	NOUN
fbem-13195	57	18	method	method	NOUN
fbem-13195	57	19	better	well	ADV
fbem-13195	57	20	reflects	reflect	VERB
fbem-13195	57	21	the	the	DET
fbem-13195	57	22	dynamic	dynamic	ADJ
fbem-13195	57	23	correlation	correlation	NOUN
fbem-13195	57	24	of	of	ADP
fbem-13195	57	25	foreign	foreign	ADJ
fbem-13195	57	26	exchange	exchange	NOUN
fbem-13195	57	27	reserve	reserve	NOUN
fbem-13195	57	28	changes	change	NOUN
fbem-13195	57	29	between	between	ADP
fbem-13195	57	30	countries	country	NOUN
fbem-13195	57	31	over	over	ADP
fbem-13195	57	32	a	a	DET
fbem-13195	57	33	fixed	fix	VERB
fbem-13195	57	34	period	period	NOUN
fbem-13195	57	35	of	of	ADP
fbem-13195	57	36	time	time	NOUN
fbem-13195	57	37	.	.	PUNCT
fbem-13195	58	1	as	as	SCONJ
fbem-13195	58	2	china	china	PROPN
fbem-13195	58	3	plays	play	VERB
fbem-13195	58	4	an	an	DET
fbem-13195	58	5	important	important	ADJ
fbem-13195	58	6	and	and	CCONJ
fbem-13195	58	7	constructive	constructive	ADJ
fbem-13195	58	8	role	role	NOUN
fbem-13195	58	9	in	in	ADP
fbem-13195	58	10	the	the	DET
fbem-13195	58	11	brics	bric	NOUN
fbem-13195	58	12	co	co	NOUN
fbem-13195	58	13	-	-	NOUN
fbem-13195	58	14	operation	operation	NOUN
fbem-13195	58	15	mechanism	mechanism	NOUN
fbem-13195	58	16	,	,	PUNCT
fbem-13195	58	17	this	this	DET
fbem-13195	58	18	study	study	NOUN
fbem-13195	58	19	calculates	calculate	VERB
fbem-13195	58	20	the	the	DET
fbem-13195	58	21	rolling	rolling	ADJ
fbem-13195	58	22	correlation	correlation	NOUN
fbem-13195	58	23	coefficient	coefficient	NOUN
fbem-13195	58	24	between	between	ADP
fbem-13195	58	25	the	the	DET
fbem-13195	58	26	five	five	NUM
fbem-13195	58	27	countries	country	NOUN
fbem-13195	58	28	from	from	ADP
fbem-13195	58	29	2001	2001	NUM
fbem-13195	58	30	to	to	ADP
fbem-13195	58	31	2022	2022	NUM
fbem-13195	58	32	based	base	VERB
fbem-13195	58	33	on	on	ADP
fbem-13195	58	34	the	the	DET
fbem-13195	58	35	fluctuation	fluctuation	NOUN
fbem-13195	58	36	cycle	cycle	NOUN
fbem-13195	58	37	of	of	ADP
fbem-13195	58	38	the	the	DET
fbem-13195	58	39	chinese	chinese	ADJ
fbem-13195	58	40	economy	economy	NOUN
fbem-13195	58	41	,	,	PUNCT
fbem-13195	58	42	with	with	ADP
fbem-13195	58	43	a	a	DET
fbem-13195	58	44	five	five	NUM
fbem-13195	58	45	-	-	PUNCT
fbem-13195	58	46	year	year	NOUN
fbem-13195	58	47	cycle	cycle	NOUN
fbem-13195	58	48	.	.	PUNCT
fbem-13195	59	1	by	by	ADP
fbem-13195	59	2	observing	observe	VERB
fbem-13195	59	3	table	table	NOUN
fbem-13195	59	4	3	3	NUM
fbem-13195	59	5	,	,	PUNCT
fbem-13195	59	6	it	it	PRON
fbem-13195	59	7	can	can	AUX
fbem-13195	59	8	be	be	AUX
fbem-13195	59	9	seen	see	VERB
fbem-13195	59	10	that	that	SCONJ
fbem-13195	59	11	the	the	DET
fbem-13195	59	12	foreign	foreign	ADJ
fbem-13195	59	13	exchange	exchange	NOUN
fbem-13195	59	14	reserve	reserve	NOUN
fbem-13195	59	15	fluctuations	fluctuation	NOUN
fbem-13195	59	16	of	of	ADP
fbem-13195	59	17	the	the	DET
fbem-13195	59	18	brics	bric	NOUN
fbem-13195	59	19	countries	country	NOUN
fbem-13195	59	20	have	have	VERB
fbem-13195	59	21	quite	quite	ADV
fbem-13195	59	22	significant	significant	ADJ
fbem-13195	59	23	correlations	correlation	NOUN
fbem-13195	59	24	,	,	PUNCT
fbem-13195	59	25	and	and	CCONJ
fbem-13195	59	26	most	most	ADJ
fbem-13195	59	27	of	of	ADP
fbem-13195	59	28	the	the	DET
fbem-13195	59	29	correlation	correlation	NOUN
fbem-13195	59	30	coefficients	coefficient	NOUN
fbem-13195	59	31	are	be	AUX
fbem-13195	59	32	above	above	ADP
fbem-13195	59	33	70	70	NUM
fbem-13195	59	34	per	per	ADP
fbem-13195	59	35	cent	cent	NOUN
fbem-13195	59	36	in	in	ADP
fbem-13195	59	37	absolute	absolute	ADJ
fbem-13195	59	38	value	value	NOUN
fbem-13195	59	39	,	,	PUNCT
fbem-13195	59	40	thus	thus	ADV
fbem-13195	59	41	,	,	PUNCT
fbem-13195	59	42	the	the	DET
fbem-13195	59	43	foreign	foreign	ADJ
fbem-13195	59	44	exchange	exchange	NOUN
fbem-13195	59	45	reserve	reserve	NOUN
fbem-13195	59	46	fluctuations	fluctuation	NOUN
fbem-13195	59	47	of	of	ADP
fbem-13195	59	48	the	the	DET
fbem-13195	59	49	five	five	NUM
fbem-13195	59	50	brics	bric	NOUN
fbem-13195	59	51	countries	country	NOUN
fbem-13195	59	52	have	have	VERB
fbem-13195	59	53	obvious	obvious	ADJ
fbem-13195	59	54	co	co	NOUN
fbem-13195	59	55	-	-	NOUN
fbem-13195	59	56	movement	movement	NOUN
fbem-13195	59	57	.	.	PUNCT
fbem-13195	60	1	table	table	NOUN
fbem-13195	60	2	3	3	NUM
fbem-13195	60	3	.	.	X
fbem-13195	60	4	matrix	matrix	NOUN
fbem-13195	60	5	of	of	ADP
fbem-13195	60	6	rolling	rolling	ADJ
fbem-13195	60	7	correlation	correlation	NOUN
fbem-13195	60	8	coefficients	coefficient	NOUN
fbem-13195	60	9	of	of	ADP
fbem-13195	60	10	changes	change	NOUN
fbem-13195	60	11	in	in	ADP
fbem-13195	60	12	foreign	foreign	ADJ
fbem-13195	60	13	exchange	exchange	NOUN
fbem-13195	60	14	reserves	reserve	NOUN
fbem-13195	60	15	of	of	ADP
fbem-13195	60	16	brics	bric	NOUN
fbem-13195	60	17	countries	country	NOUN
fbem-13195	60	18	time	time	VERB
fbem-13195	60	19	china	china	PROPN
fbem-13195	60	20	and	and	CCONJ
fbem-13195	60	21	brazil	brazil	PROPN
fbem-13195	60	22	china	china	PROPN
fbem-13195	60	23	and	and	CCONJ
fbem-13195	60	24	za	za	PROPN
fbem-13195	60	25	china	china	PROPN
fbem-13195	60	26	and	and	CCONJ
fbem-13195	60	27	russia	russia	PROPN
fbem-13195	60	28	china	china	PROPN
fbem-13195	60	29	and	and	CCONJ
fbem-13195	60	30	india	india	PROPN
fbem-13195	60	31	brazil	brazil	PROPN
fbem-13195	60	32	and	and	CCONJ
fbem-13195	60	33	za	za	PROPN
fbem-13195	60	34	brazil	brazil	PROPN
fbem-13195	60	35	and	and	CCONJ
fbem-13195	60	36	russia	russia	PROPN
fbem-13195	60	37	brazil	brazil	PROPN
fbem-13195	60	38	and	and	CCONJ
fbem-13195	60	39	india	india	PROPN
fbem-13195	60	40	za	za	PROPN
fbem-13195	60	41	and	and	CCONJ
fbem-13195	60	42	russia	russia	PROPN
fbem-13195	60	43	za	za	PROPN
fbem-13195	60	44	and	and	CCONJ
fbem-13195	60	45	india	india	PROPN
fbem-13195	60	46	russia	russia	PROPN
fbem-13195	60	47	and	and	CCONJ
fbem-13195	60	48	india	india	PROPN
fbem-13195	60	49	2001	2001	NUM
fbem-13195	60	50	-	-	SYM
fbem-13195	60	51	2005	2005	NUM
fbem-13195	60	52	0.4180	0.4180	NUM
fbem-13195	60	53	0.4416	0.4416	NUM
fbem-13195	60	54	-0.0346	-0.0346	NOUN
fbem-13195	60	55	-0.5360	-0.5360	PROPN
fbem-13195	60	56	-0.6210	-0.6210	PROPN
fbem-13195	61	1	-0.9142	-0.9142	PROPN
fbem-13195	61	2	-0.8122	-0.8122	VERB
fbem-13195	62	1	0.8671	0.8671	NUM
fbem-13195	62	2	0.2689	0.2689	NUM
fbem-13195	62	3	0.6712	0.6712	NUM
fbem-13195	62	4	2002	2002	NUM
fbem-13195	62	5	-	-	SYM
fbem-13195	62	6	2006	2006	NUM
fbem-13195	62	7	-0.4556	-0.4556	NOUN
fbem-13195	62	8	0.8977	0.8977	NUM
fbem-13195	62	9	0.9207	0.9207	NUM
fbem-13195	62	10	0.4125	0.4125	NUM
fbem-13195	62	11	-0.7911	-0.7911	ADJ
fbem-13195	62	12	-0.6077	-0.6077	PROPN
fbem-13195	62	13	-0.6609	-0.6609	PROPN
fbem-13195	63	1	0.9263	0.9263	NUM
fbem-13195	63	2	0.5485	0.5485	NUM
fbem-13195	63	3	0.6181	0.6181	NUM
fbem-13195	63	4	2003	2003	NUM
fbem-13195	63	5	-	-	SYM
fbem-13195	63	6	2007	2007	NUM
fbem-13195	63	7	0.8269	0.8269	NUM
fbem-13195	63	8	0.8945	0.8945	NUM
fbem-13195	63	9	0.9822	0.9822	NUM
fbem-13195	63	10	0.9160	0.9160	NUM
fbem-13195	63	11	0.4922	0.4922	NUM
fbem-13195	63	12	0.7416	0.7416	NUM
fbem-13195	63	13	0.7859	0.7859	NUM
fbem-13195	63	14	0.9373	0.9373	NUM
fbem-13195	63	15	0.7662	0.7662	NUM
fbem-13195	63	16	0.8821	0.8821	NUM
fbem-13195	63	17	2004	2004	NUM
fbem-13195	63	18	-	-	SYM
fbem-13195	63	19	2008	2008	NUM
fbem-13195	63	20	0.9501	0.9501	NUM
fbem-13195	63	21	0.8575	0.8575	NUM
fbem-13195	63	22	0.8287	0.8287	NUM
fbem-13195	63	23	-0.2283	-0.2283	NOUN
fbem-13195	63	24	0.8237	0.8237	NUM
fbem-13195	63	25	0.8572	0.8572	NUM
fbem-13195	63	26	-0.0808	-0.0808	NOUN
fbem-13195	63	27	0.9773	0.9773	NUM
fbem-13195	63	28	0.2458	0.2458	NUM
fbem-13195	63	29	0.3119	0.3119	NUM
fbem-13195	63	30	2005	2005	NUM
fbem-13195	63	31	-	-	SYM
fbem-13195	63	32	2009	2009	NUM
fbem-13195	63	33	0.9571	0.9571	NUM
fbem-13195	63	34	0.7867	0.7867	NUM
fbem-13195	63	35	0.5965	0.5965	NUM
fbem-13195	63	36	-0.7078	-0.7078	NOUN
fbem-13195	63	37	0.9252	0.9252	NUM
fbem-13195	63	38	0.7923	0.7923	NUM
fbem-13195	63	39	-0.4985	-0.4985	NOUN
fbem-13195	64	1	0.9643	0.9643	NUM
fbem-13195	64	2	-0.1914	-0.1914	X
fbem-13195	64	3	0.0484	0.0484	NUM
fbem-13195	64	4	2006	2006	NUM
fbem-13195	64	5	-	-	SYM
fbem-13195	64	6	2010	2010	NUM
fbem-13195	64	7	0.9643	0.9643	NUM
fbem-13195	64	8	0.7073	0.7073	NUM
fbem-13195	64	9	0.1638	0.1638	NUM
fbem-13195	64	10	-0.8282	-0.8282	NOUN
fbem-13195	64	11	0.8689	0.8689	NUM
fbem-13195	64	12	0.4186	0.4186	NUM
fbem-13195	64	13	-0.6747	-0.6747	NOUN
fbem-13195	64	14	0.8130	0.8130	NUM
fbem-13195	64	15	-0.2465	-0.2465	NOUN
fbem-13195	64	16	0.3445	0.3445	NUM
fbem-13195	64	17	2007	2007	NUM
fbem-13195	64	18	-	-	SYM
fbem-13195	64	19	2011	2011	NUM
fbem-13195	64	20	0.9426	0.9426	NUM
fbem-13195	64	21	0.6389	0.6389	NUM
fbem-13195	64	22	-0.7867	-0.7867	NOUN
fbem-13195	64	23	-0.9365	-0.9365	NOUN
fbem-13195	64	24	0.8550	0.8550	NUM
fbem-13195	64	25	-0.6064	-0.6064	PROPN
fbem-13195	64	26	-0.8832	-0.8832	PROPN
fbem-13195	64	27	-0.1338	-0.1338	PUNCT
fbem-13195	64	28	-0.5515	-0.5515	PROPN
fbem-13195	65	1	0.8917	0.8917	NUM
fbem-13195	65	2	2008	2008	NUM
fbem-13195	65	3	-	-	SYM
fbem-13195	65	4	2012	2012	NUM
fbem-13195	65	5	0.9526	0.9526	NUM
fbem-13195	65	6	0.8932	0.8932	NUM
fbem-13195	65	7	-0.2147	-0.2147	NOUN
fbem-13195	65	8	-0.8335	-0.8335	NOUN
fbem-13195	65	9	0.9782	0.9782	NUM
fbem-13195	65	10	-0.0470	-0.0470	PROPN
fbem-13195	65	11	-0.9439	-0.9439	NOUN
fbem-13195	65	12	-0.0403	-0.0403	PROPN
fbem-13195	65	13	-0.9098	-0.9098	NOUN
fbem-13195	65	14	-0.1800	-0.1800	PROPN
fbem-13195	66	1	2009	2009	NUM
fbem-13195	66	2	-	-	SYM
fbem-13195	66	3	2013	2013	NUM
fbem-13195	66	4	0.6513	0.6513	NUM
fbem-13195	66	5	0.5389	0.5389	NUM
fbem-13195	66	6	-0.3603	-0.3603	NOUN
fbem-13195	66	7	-0.9059	-0.9059	NOUN
fbem-13195	67	1	0.9758	0.9758	NUM
fbem-13195	67	2	0.3140	0.3140	NUM
fbem-13195	67	3	-0.7291	-0.7291	NOUN
fbem-13195	67	4	0.3144	0.3144	NUM
fbem-13195	67	5	-0.5976	-0.5976	NOUN
fbem-13195	68	1	0.1794	0.1794	NUM
fbem-13195	68	2	2010	2010	NUM
fbem-13195	68	3	-	-	SYM
fbem-13195	68	4	2014	2014	NUM
fbem-13195	68	5	-0.0370	-0.0370	NOUN
fbem-13195	68	6	-0.2892	-0.2892	PROPN
fbem-13195	68	7	-0.4719	-0.4719	PROPN
fbem-13195	68	8	-0.8548	-0.8548	PROPN
fbem-13195	69	1	0.8368	0.8368	NUM
fbem-13195	69	2	0.4161	0.4161	NUM
fbem-13195	69	3	-0.3238	-0.3238	VERB
fbem-13195	69	4	0.8164	0.8164	NUM
fbem-13195	69	5	0.0575	0.0575	NUM
fbem-13195	69	6	0.3244	0.3244	NUM
fbem-13195	69	7	2011	2011	NUM
fbem-13195	69	8	-	-	SYM
fbem-13195	69	9	2015	2015	NUM
fbem-13195	69	10	0.4176	0.4176	NUM
fbem-13195	69	11	0.6730	0.6730	NUM
fbem-13195	69	12	0.4932	0.4932	NUM
fbem-13195	69	13	-0.7183	-0.7183	PUNCT
fbem-13195	70	1	0.9484	0.9484	NUM
fbem-13195	70	2	0.9162	0.9162	NUM
fbem-13195	70	3	-0.0282	-0.0282	NOUN
fbem-13195	70	4	0.9259	0.9259	NUM
fbem-13195	70	5	-0.2409	-0.2409	NOUN
fbem-13195	70	6	-0.2360	-0.2360	PROPN
fbem-13195	70	7	2012	2012	NUM
fbem-13195	70	8	-	-	SYM
fbem-13195	70	9	2016	2016	NUM
fbem-13195	70	10	0.7306	0.7306	NUM
fbem-13195	70	11	0.8542	0.8542	NUM
fbem-13195	70	12	0.6861	0.6861	NUM
fbem-13195	70	13	-0.7371	-0.7371	NOUN
fbem-13195	70	14	0.9593	0.9593	NUM
fbem-13195	70	15	0.9277	0.9277	NUM
fbem-13195	70	16	-0.5862	-0.5862	NOUN
fbem-13195	71	1	0.9327	0.9327	NUM
fbem-13195	71	2	-0.7786	-0.7786	NOUN
fbem-13195	71	3	-0.7182	-0.7182	NOUN
fbem-13195	71	4	2013	2013	NUM
fbem-13195	71	5	-	-	SYM
fbem-13195	71	6	2017	2017	NUM
fbem-13195	71	7	0.9836	0.9836	NUM
fbem-13195	71	8	0.9426	0.9426	NUM
fbem-13195	71	9	0.7697	0.7697	NUM
fbem-13195	71	10	-0.7838	-0.7838	NOUN
fbem-13195	71	11	0.9324	0.9324	NUM
fbem-13195	71	12	0.7943	0.7943	NUM
fbem-13195	71	13	-0.8791	-0.8791	NOUN
fbem-13195	71	14	0.8942	0.8942	NUM
fbem-13195	71	15	-0.7375	-0.7375	NOUN
fbem-13195	71	16	-0.6454	-0.6454	NOUN
fbem-13195	71	17	2014	2014	NUM
fbem-13195	71	18	-	-	SYM
fbem-13195	71	19	2018	2018	NUM
fbem-13195	71	20	0.9678	0.9678	NUM
fbem-13195	71	21	0.9242	0.9242	NUM
fbem-13195	71	22	0.5486	0.5486	NUM
fbem-13195	71	23	-0.3624	-0.3624	VERB
fbem-13195	71	24	0.8456	0.8456	NUM
fbem-13195	71	25	0.3301	0.3301	NUM
fbem-13195	71	26	-0.3598	-0.3598	NOUN
fbem-13195	71	27	0.7402	0.7402	NUM
fbem-13195	71	28	-0.3388	-0.3388	NOUN
fbem-13195	71	29	-0.2512	-0.2512	NOUN
fbem-13195	71	30	2015	2015	NUM
fbem-13195	71	31	-	-	SYM
fbem-13195	71	32	2019	2019	NUM
fbem-13195	71	33	0.8656	0.8656	NUM
fbem-13195	71	34	0.5499	0.5499	NUM
fbem-13195	71	35	-0.6533	-0.6533	NOUN
fbem-13195	71	36	-0.3316	-0.3316	PROPN
fbem-13195	71	37	0.2396	0.2396	NUM
fbem-13195	71	38	-0.9398	-0.9398	NOUN
fbem-13195	71	39	-0.6064	-0.6064	PROPN
fbem-13195	71	40	0.0077	0.0077	PROPN
fbem-13195	71	41	0.5889	0.5889	NUM
fbem-13195	71	42	0.6916	0.6916	NUM
fbem-13195	71	43	2016	2016	NUM
fbem-13195	71	44	-	-	SYM
fbem-13195	71	45	2020	2020	NUM
fbem-13195	71	46	0.9441	0.9441	NUM
fbem-13195	71	47	0.6175	0.6175	NUM
fbem-13195	71	48	-0.9417	-0.9417	PART
fbem-13195	71	49	-0.6467	-0.6467	DET
fbem-13195	71	50	0.7278	0.7278	NUM
fbem-13195	71	51	-0.9555	-0.9555	NOUN
fbem-13195	71	52	-0.8441	-0.8441	NOUN
fbem-13195	71	53	-0.4971	-0.4971	NOUN
fbem-13195	71	54	-0.8678	-0.8678	X
fbem-13195	72	1	0.6949	0.6949	NUM
fbem-13195	72	2	2017	2017	NUM
fbem-13195	72	3	-	-	SYM
fbem-13195	72	4	2021	2021	NUM
fbem-13195	72	5	0.9403	0.9403	NUM
fbem-13195	72	6	0.8046	0.8046	NUM
fbem-13195	72	7	-0.9213	-0.9213	NOUN
fbem-13195	72	8	-0.7313	-0.7313	VERB
fbem-13195	72	9	0.9133	0.9133	NUM
fbem-13195	72	10	-0.9064	-0.9064	NOUN
fbem-13195	72	11	-0.8935	-0.8935	X
fbem-13195	72	12	-0.6592	-0.6592	NOUN
fbem-13195	72	13	-0.9006	-0.9006	X
fbem-13195	73	1	0.7334	0.7334	NUM
fbem-13195	73	2	2018	2018	NUM
fbem-13195	73	3	-	-	SYM
fbem-13195	73	4	2022	2022	NUM
fbem-13195	73	5	0.9860	0.9860	NUM
fbem-13195	73	6	0.7376	0.7376	NUM
fbem-13195	73	7	0.3565	0.3565	NUM
fbem-13195	73	8	-0.2892	-0.2892	NOUN
fbem-13195	73	9	0.8240	0.8240	NUM
fbem-13195	73	10	0.2176	0.2176	NUM
fbem-13195	73	11	-0.4412	-0.4412	NOUN
fbem-13195	73	12	-0.0433	-0.0433	VERB
fbem-13195	73	13	-0.7456	-0.7456	NOUN
fbem-13195	73	14	0.6234	0.6234	NUM
fbem-13195	73	15	99	99	NUM
fbem-13195	73	16	3.3.3	3.3.3	NUM
fbem-13195	73	17	.	.	PUNCT
fbem-13195	74	1	granger	granger	PROPN
fbem-13195	74	2	causality	causality	PROPN
fbem-13195	74	3	test	test	NOUN
fbem-13195	74	4	it	it	PRON
fbem-13195	74	5	has	have	AUX
fbem-13195	74	6	been	be	AUX
fbem-13195	74	7	shown	show	VERB
fbem-13195	74	8	earlier	early	ADV
fbem-13195	74	9	that	that	SCONJ
fbem-13195	74	10	the	the	DET
fbem-13195	74	11	volatility	volatility	NOUN
fbem-13195	74	12	term	term	NOUN
fbem-13195	74	13	of	of	ADP
fbem-13195	74	14	the	the	DET
fbem-13195	74	15	foreign	foreign	ADJ
fbem-13195	74	16	exchange	exchange	NOUN
fbem-13195	74	17	reserves	reserve	NOUN
fbem-13195	74	18	volume	volume	NOUN
fbem-13195	74	19	extracted	extract	VERB
fbem-13195	74	20	after	after	SCONJ
fbem-13195	74	21	the	the	DET
fbem-13195	74	22	hp	hp	ADJ
fbem-13195	74	23	filtering	filtering	NOUN
fbem-13195	74	24	process	process	NOUN
fbem-13195	74	25	is	be	AUX
fbem-13195	74	26	a	a	DET
fbem-13195	74	27	smooth	smooth	ADJ
fbem-13195	74	28	time	time	NOUN
fbem-13195	74	29	series	series	NOUN
fbem-13195	74	30	,	,	PUNCT
fbem-13195	74	31	and	and	CCONJ
fbem-13195	74	32	therefore	therefore	ADV
fbem-13195	74	33	,	,	PUNCT
fbem-13195	74	34	the	the	DET
fbem-13195	74	35	series	series	NOUN
fbem-13195	74	36	satisfies	satisfy	VERB
fbem-13195	74	37	the	the	DET
fbem-13195	74	38	prerequisites	prerequisite	NOUN
fbem-13195	74	39	for	for	ADP
fbem-13195	74	40	conducting	conduct	VERB
fbem-13195	74	41	the	the	DET
fbem-13195	74	42	granger	granger	PROPN
fbem-13195	74	43	causality	causality	PROPN
fbem-13195	74	44	test	test	NOUN
fbem-13195	74	45	.	.	PUNCT
fbem-13195	75	1	the	the	DET
fbem-13195	75	2	basic	basic	ADJ
fbem-13195	75	3	principle	principle	NOUN
fbem-13195	75	4	of	of	ADP
fbem-13195	75	5	granger	granger	PROPN
fbem-13195	75	6	test	test	NOUN
fbem-13195	75	7	is	be	AUX
fbem-13195	75	8	that	that	SCONJ
fbem-13195	75	9	when	when	SCONJ
fbem-13195	75	10	one	one	NUM
fbem-13195	75	11	variable	variable	ADJ
fbem-13195	75	12	changes	change	NOUN
fbem-13195	75	13	,	,	PUNCT
fbem-13195	75	14	the	the	DET
fbem-13195	75	15	other	other	ADJ
fbem-13195	75	16	variable	variable	NOUN
fbem-13195	75	17	also	also	ADV
fbem-13195	75	18	changes	change	VERB
fbem-13195	75	19	.	.	PUNCT
fbem-13195	76	1	it	it	PRON
fbem-13195	76	2	can	can	AUX
fbem-13195	76	3	be	be	AUX
fbem-13195	76	4	used	use	VERB
fbem-13195	76	5	to	to	PART
fbem-13195	76	6	test	test	VERB
fbem-13195	76	7	whether	whether	SCONJ
fbem-13195	76	8	there	there	PRON
fbem-13195	76	9	is	be	VERB
fbem-13195	76	10	a	a	DET
fbem-13195	76	11	causal	causal	ADJ
fbem-13195	76	12	relationship	relationship	NOUN
fbem-13195	76	13	between	between	ADP
fbem-13195	76	14	events	event	NOUN
fbem-13195	76	15	and	and	CCONJ
fbem-13195	76	16	thus	thus	ADV
fbem-13195	76	17	infer	infer	VERB
fbem-13195	76	18	whether	whether	SCONJ
fbem-13195	76	19	one	one	NUM
fbem-13195	76	20	event	event	NOUN
fbem-13195	76	21	leads	lead	VERB
fbem-13195	76	22	to	to	ADP
fbem-13195	76	23	another	another	PRON
fbem-13195	76	24	.	.	PUNCT
fbem-13195	77	1	so	so	ADV
fbem-13195	77	2	it	it	PRON
fbem-13195	77	3	can	can	AUX
fbem-13195	77	4	be	be	AUX
fbem-13195	77	5	used	use	VERB
fbem-13195	77	6	to	to	PART
fbem-13195	77	7	examine	examine	VERB
fbem-13195	77	8	whether	whether	SCONJ
fbem-13195	77	9	there	there	PRON
fbem-13195	77	10	is	be	VERB
fbem-13195	77	11	significant	significant	ADJ
fbem-13195	77	12	comovement	comovement	NOUN
fbem-13195	77	13	in	in	ADP
fbem-13195	77	14	the	the	DET
fbem-13195	77	15	volatility	volatility	NOUN
fbem-13195	77	16	of	of	ADP
fbem-13195	77	17	foreign	foreign	ADJ
fbem-13195	77	18	exchange	exchange	NOUN
fbem-13195	77	19	reserves	reserve	NOUN
fbem-13195	77	20	of	of	ADP
fbem-13195	77	21	brics	bric	NOUN
fbem-13195	77	22	countries	country	NOUN
fbem-13195	77	23	.	.	PUNCT
fbem-13195	78	1	granger	granger	PROPN
fbem-13195	78	2	test	test	PROPN
fbem-13195	78	3	is	be	AUX
fbem-13195	78	4	conducted	conduct	VERB
fbem-13195	78	5	on	on	ADP
fbem-13195	78	6	the	the	DET
fbem-13195	78	7	volatility	volatility	NOUN
fbem-13195	78	8	term	term	NOUN
fbem-13195	78	9	and	and	CCONJ
fbem-13195	78	10	the	the	DET
fbem-13195	78	11	results	result	NOUN
fbem-13195	78	12	are	be	AUX
fbem-13195	78	13	shown	show	VERB
fbem-13195	78	14	in	in	ADP
fbem-13195	78	15	table	table	NOUN
fbem-13195	78	16	4	4	NUM
fbem-13195	78	17	.	.	PUNCT
fbem-13195	79	1	china	china	PROPN
fbem-13195	79	2	's	's	PART
fbem-13195	79	3	foreign	foreign	PROPN
fbem-13195	79	4	exchange	exchange	NOUN
fbem-13195	79	5	reserve	reserve	NOUN
fbem-13195	79	6	volatility	volatility	NOUN
fbem-13195	79	7	is	be	AUX
fbem-13195	79	8	the	the	DET
fbem-13195	79	9	cause	cause	NOUN
fbem-13195	79	10	of	of	ADP
fbem-13195	79	11	the	the	DET
fbem-13195	79	12	foreign	foreign	ADJ
fbem-13195	79	13	exchange	exchange	PROPN
fbem-13195	79	14	reserve	reserve	NOUN
fbem-13195	79	15	volatility	volatility	NOUN
fbem-13195	79	16	of	of	ADP
fbem-13195	79	17	south	south	PROPN
fbem-13195	79	18	africa	africa	PROPN
fbem-13195	79	19	,	,	PUNCT
fbem-13195	79	20	russia	russia	PROPN
fbem-13195	79	21	and	and	CCONJ
fbem-13195	79	22	india	india	PROPN
fbem-13195	79	23	,	,	PUNCT
fbem-13195	79	24	but	but	CCONJ
fbem-13195	79	25	has	have	VERB
fbem-13195	79	26	no	no	DET
fbem-13195	79	27	significant	significant	ADJ
fbem-13195	79	28	effect	effect	NOUN
fbem-13195	79	29	on	on	ADP
fbem-13195	79	30	the	the	DET
fbem-13195	79	31	foreign	foreign	ADJ
fbem-13195	79	32	exchange	exchange	PROPN
fbem-13195	79	33	reserve	reserve	NOUN
fbem-13195	79	34	volatility	volatility	NOUN
fbem-13195	79	35	of	of	ADP
fbem-13195	79	36	brazil	brazil	PROPN
fbem-13195	79	37	;	;	PUNCT
fbem-13195	79	38	brazil	brazil	PROPN
fbem-13195	79	39	's	's	PART
fbem-13195	79	40	foreign	foreign	PROPN
fbem-13195	79	41	exchange	exchange	NOUN
fbem-13195	79	42	reserve	reserve	NOUN
fbem-13195	79	43	volatility	volatility	NOUN
fbem-13195	79	44	is	be	AUX
fbem-13195	79	45	the	the	DET
fbem-13195	79	46	cause	cause	NOUN
fbem-13195	79	47	of	of	ADP
fbem-13195	79	48	the	the	DET
fbem-13195	79	49	foreign	foreign	ADJ
fbem-13195	79	50	exchange	exchange	PROPN
fbem-13195	79	51	reserve	reserve	NOUN
fbem-13195	79	52	volatility	volatility	NOUN
fbem-13195	79	53	of	of	ADP
fbem-13195	79	54	china	china	PROPN
fbem-13195	79	55	,	,	PUNCT
fbem-13195	79	56	south	south	PROPN
fbem-13195	79	57	africa	africa	PROPN
fbem-13195	79	58	,	,	PUNCT
fbem-13195	79	59	russia	russia	PROPN
fbem-13195	79	60	and	and	CCONJ
fbem-13195	79	61	india	india	PROPN
fbem-13195	79	62	;	;	PUNCT
fbem-13195	79	63	south	south	PROPN
fbem-13195	79	64	africa	africa	PROPN
fbem-13195	79	65	's	's	PART
fbem-13195	79	66	foreign	foreign	PROPN
fbem-13195	79	67	exchange	exchange	NOUN
fbem-13195	79	68	reserve	reserve	NOUN
fbem-13195	79	69	volatility	volatility	NOUN
fbem-13195	79	70	is	be	AUX
fbem-13195	79	71	the	the	DET
fbem-13195	79	72	cause	cause	NOUN
fbem-13195	79	73	of	of	ADP
fbem-13195	79	74	the	the	DET
fbem-13195	79	75	foreign	foreign	ADJ
fbem-13195	79	76	exchange	exchange	PROPN
fbem-13195	79	77	reserve	reserve	NOUN
fbem-13195	79	78	volatility	volatility	NOUN
fbem-13195	79	79	of	of	ADP
fbem-13195	79	80	russia	russia	PROPN
fbem-13195	79	81	,	,	PUNCT
fbem-13195	79	82	but	but	CCONJ
fbem-13195	79	83	has	have	VERB
fbem-13195	79	84	no	no	DET
fbem-13195	79	85	significant	significant	ADJ
fbem-13195	79	86	effect	effect	NOUN
fbem-13195	79	87	on	on	ADP
fbem-13195	79	88	the	the	DET
fbem-13195	79	89	foreign	foreign	ADJ
fbem-13195	79	90	exchange	exchange	PROPN
fbem-13195	79	91	reserve	reserve	NOUN
fbem-13195	79	92	volatility	volatility	NOUN
fbem-13195	79	93	of	of	ADP
fbem-13195	79	94	china	china	PROPN
fbem-13195	79	95	,	,	PUNCT
fbem-13195	79	96	brazil	brazil	PROPN
fbem-13195	79	97	and	and	CCONJ
fbem-13195	79	98	india	india	PROPN
fbem-13195	79	99	;	;	PUNCT
fbem-13195	79	100	russia	russia	PROPN
fbem-13195	79	101	's	's	PART
fbem-13195	79	102	foreign	foreign	ADJ
fbem-13195	79	103	exchange	exchange	NOUN
fbem-13195	79	104	reserve	reserve	NOUN
fbem-13195	79	105	fluctuations	fluctuation	NOUN
fbem-13195	79	106	are	be	AUX
fbem-13195	79	107	the	the	DET
fbem-13195	79	108	cause	cause	NOUN
fbem-13195	79	109	of	of	ADP
fbem-13195	79	110	foreign	foreign	ADJ
fbem-13195	79	111	exchange	exchange	NOUN
fbem-13195	79	112	reserve	reserve	NOUN
fbem-13195	79	113	fluctuations	fluctuation	NOUN
fbem-13195	79	114	in	in	ADP
fbem-13195	79	115	brazil	brazil	PROPN
fbem-13195	79	116	,	,	PUNCT
fbem-13195	79	117	south	south	PROPN
fbem-13195	79	118	africa	africa	PROPN
fbem-13195	79	119	,	,	PUNCT
fbem-13195	79	120	and	and	CCONJ
fbem-13195	79	121	india	india	PROPN
fbem-13195	79	122	,	,	PUNCT
fbem-13195	79	123	but	but	CCONJ
fbem-13195	79	124	have	have	VERB
fbem-13195	79	125	no	no	DET
fbem-13195	79	126	significant	significant	ADJ
fbem-13195	79	127	impact	impact	NOUN
fbem-13195	79	128	on	on	ADP
fbem-13195	79	129	china	china	PROPN
fbem-13195	79	130	's	's	PART
fbem-13195	79	131	foreign	foreign	PROPN
fbem-13195	79	132	exchange	exchange	NOUN
fbem-13195	79	133	reserve	reserve	NOUN
fbem-13195	79	134	fluctuations	fluctuation	NOUN
fbem-13195	79	135	;	;	PUNCT
fbem-13195	79	136	india	india	PROPN
fbem-13195	79	137	's	's	PART
fbem-13195	79	138	foreign	foreign	PROPN
fbem-13195	79	139	exchange	exchange	NOUN
fbem-13195	79	140	reserve	reserve	NOUN
fbem-13195	79	141	fluctuations	fluctuation	NOUN
fbem-13195	79	142	are	be	AUX
fbem-13195	79	143	the	the	DET
fbem-13195	79	144	cause	cause	NOUN
fbem-13195	79	145	of	of	ADP
fbem-13195	79	146	foreign	foreign	ADJ
fbem-13195	79	147	exchange	exchange	NOUN
fbem-13195	79	148	reserve	reserve	NOUN
fbem-13195	79	149	fluctuations	fluctuation	NOUN
fbem-13195	79	150	in	in	ADP
fbem-13195	79	151	china	china	PROPN
fbem-13195	79	152	,	,	PUNCT
fbem-13195	79	153	brazil	brazil	PROPN
fbem-13195	79	154	,	,	PUNCT
fbem-13195	79	155	and	and	CCONJ
fbem-13195	79	156	south	south	PROPN
fbem-13195	79	157	africa	africa	PROPN
fbem-13195	79	158	,	,	PUNCT
fbem-13195	79	159	but	but	CCONJ
fbem-13195	79	160	have	have	VERB
fbem-13195	79	161	no	no	DET
fbem-13195	79	162	significant	significant	ADJ
fbem-13195	79	163	impact	impact	NOUN
fbem-13195	79	164	on	on	ADP
fbem-13195	79	165	russia	russia	PROPN
fbem-13195	79	166	's	's	PART
fbem-13195	79	167	foreign	foreign	ADJ
fbem-13195	79	168	exchange	exchange	NOUN
fbem-13195	79	169	reserve	reserve	NOUN
fbem-13195	79	170	fluctuations	fluctuation	NOUN
fbem-13195	79	171	.	.	PUNCT
fbem-13195	80	1	table	table	NOUN
fbem-13195	80	2	4	4	NUM
fbem-13195	80	3	.	.	PUNCT
fbem-13195	81	1	granger	granger	PROPN
fbem-13195	81	2	causality	causality	PROPN
fbem-13195	81	3	test	test	NOUN
fbem-13195	81	4	for	for	ADP
fbem-13195	81	5	foreign	foreign	ADJ
fbem-13195	81	6	exchange	exchange	NOUN
fbem-13195	81	7	reserve	reserve	NOUN
fbem-13195	81	8	volatility	volatility	NOUN
fbem-13195	81	9	in	in	ADP
fbem-13195	81	10	brics	bric	NOUN
fbem-13195	81	11	countries	country	NOUN
fbem-13195	81	12	whether	whether	SCONJ
fbem-13195	81	13	fluctuations	fluctuation	NOUN
fbem-13195	81	14	in	in	ADP
fbem-13195	81	15	country	country	NOUN
fbem-13195	81	16	a	a	DET
fbem-13195	81	17	's	's	PART
fbem-13195	81	18	foreign	foreign	ADJ
fbem-13195	81	19	exchange	exchange	NOUN
fbem-13195	81	20	reserves	reserve	NOUN
fbem-13195	81	21	are	be	AUX
fbem-13195	81	22	the	the	DET
fbem-13195	81	23	cause	cause	NOUN
fbem-13195	81	24	of	of	ADP
fbem-13195	81	25	fluctuations	fluctuation	NOUN
fbem-13195	81	26	in	in	ADP
fbem-13195	81	27	country	country	NOUN
fbem-13195	81	28	b	b	NOUN
fbem-13195	81	29	's	's	PART
fbem-13195	81	30	foreign	foreign	ADJ
fbem-13195	81	31	exchange	exchange	NOUN
fbem-13195	81	32	reserves	reserve	NOUN
fbem-13195	81	33	p	p	NOUN
fbem-13195	81	34	value	value	NOUN
fbem-13195	81	35	conclusion	conclusion	NOUN
fbem-13195	81	36	a	a	DET
fbem-13195	81	37	b	b	PROPN
fbem-13195	81	38	china	china	PROPN
fbem-13195	81	39	brazil	brazil	PROPN
fbem-13195	81	40	0.120	0.120	NUM
fbem-13195	81	41	no	no	DET
fbem-13195	81	42	south	south	PROPN
fbem-13195	81	43	africa	africa	PROPN
fbem-13195	82	1	0.003	0.003	NUM
fbem-13195	82	2	yes	yes	INTJ
fbem-13195	82	3	russia	russia	PROPN
fbem-13195	83	1	0.029	0.029	NUM
fbem-13195	83	2	yes	yes	INTJ
fbem-13195	83	3	india	india	PROPN
fbem-13195	83	4	0.806	0.806	NUM
fbem-13195	83	5	no	no	DET
fbem-13195	83	6	brazil	brazil	PROPN
fbem-13195	83	7	china	china	PROPN
fbem-13195	84	1	0.014	0.014	NUM
fbem-13195	84	2	yes	yes	INTJ
fbem-13195	84	3	south	south	PROPN
fbem-13195	84	4	africa	africa	PROPN
fbem-13195	84	5	0.002	0.002	NUM
fbem-13195	85	1	yes	yes	INTJ
fbem-13195	85	2	russia	russia	PROPN
fbem-13195	86	1	0.002	0.002	NUM
fbem-13195	86	2	yes	yes	INTJ
fbem-13195	86	3	india	india	PROPN
fbem-13195	87	1	0.004	0.004	NUM
fbem-13195	87	2	yes	yes	INTJ
fbem-13195	87	3	south	south	PROPN
fbem-13195	87	4	africa	africa	PROPN
fbem-13195	88	1	china	china	PROPN
fbem-13195	88	2	0.631	0.631	NUM
fbem-13195	88	3	no	no	DET
fbem-13195	88	4	brazil	brazil	PROPN
fbem-13195	88	5	0.088	0.088	NUM
fbem-13195	89	1	no	no	DET
fbem-13195	89	2	russia	russia	PROPN
fbem-13195	89	3	0.010	0.010	NUM
fbem-13195	90	1	yes	yes	INTJ
fbem-13195	90	2	india	india	PROPN
fbem-13195	90	3	0.742	0.742	NUM
fbem-13195	90	4	no	no	DET
fbem-13195	90	5	russia	russia	PROPN
fbem-13195	90	6	china	china	PROPN
fbem-13195	90	7	0.207	0.207	NUM
fbem-13195	90	8	no	no	DET
fbem-13195	90	9	brazil	brazil	PROPN
fbem-13195	91	1	0.012	0.012	NUM
fbem-13195	91	2	yes	yes	INTJ
fbem-13195	91	3	south	south	PROPN
fbem-13195	91	4	africa	africa	PROPN
fbem-13195	92	1	0.017	0.017	NUM
fbem-13195	92	2	yes	yes	NOUN
fbem-13195	92	3	india	india	PROPN
fbem-13195	93	1	0.009	0.009	NUM
fbem-13195	94	1	yes	yes	NUM
fbem-13195	94	2	india	india	PROPN
fbem-13195	94	3	china	china	PROPN
fbem-13195	94	4	0.009	0.009	NUM
fbem-13195	95	1	yes	yes	PROPN
fbem-13195	95	2	brazil	brazil	PROPN
fbem-13195	95	3	0.005	0.005	NUM
fbem-13195	95	4	yes	yes	INTJ
fbem-13195	96	1	south	south	PROPN
fbem-13195	96	2	africa	africa	PROPN
fbem-13195	96	3	0.036	0.036	NUM
fbem-13195	97	1	yes	yes	INTJ
fbem-13195	97	2	russia	russia	PROPN
fbem-13195	97	3	0.078	0.078	NUM
fbem-13195	97	4	no	no	PRON
fbem-13195	97	5	3.3.4	3.3.4	PROPN
fbem-13195	97	6	.	.	PUNCT
fbem-13195	98	1	cluster	cluster	NOUN
fbem-13195	98	2	analysis	analysis	NOUN
fbem-13195	98	3	cluster	cluster	NOUN
fbem-13195	98	4	analysis	analysis	NOUN
fbem-13195	98	5	can	can	AUX
fbem-13195	98	6	be	be	AUX
fbem-13195	98	7	used	use	VERB
fbem-13195	98	8	to	to	PART
fbem-13195	98	9	study	study	VERB
fbem-13195	98	10	the	the	DET
fbem-13195	98	11	dependence	dependence	NOUN
fbem-13195	98	12	between	between	ADP
fbem-13195	98	13	data	datum	NOUN
fbem-13195	98	14	,	,	PUNCT
fbem-13195	98	15	therefore	therefore	ADV
fbem-13195	98	16	,	,	PUNCT
fbem-13195	98	17	clustering	cluster	VERB
fbem-13195	98	18	the	the	DET
fbem-13195	98	19	foreign	foreign	ADJ
fbem-13195	98	20	exchange	exchange	NOUN
fbem-13195	98	21	reserve	reserve	NOUN
fbem-13195	98	22	fluctuations	fluctuation	NOUN
fbem-13195	98	23	of	of	ADP
fbem-13195	98	24	brics	bric	NOUN
fbem-13195	98	25	countries	country	NOUN
fbem-13195	98	26	is	be	AUX
fbem-13195	98	27	a	a	DET
fbem-13195	98	28	necessary	necessary	ADJ
fbem-13195	98	29	method	method	NOUN
fbem-13195	98	30	to	to	PART
fbem-13195	98	31	study	study	VERB
fbem-13195	98	32	their	their	PRON
fbem-13195	98	33	co	co	NOUN
fbem-13195	98	34	-	-	NOUN
fbem-13195	98	35	movement	movement	NOUN
fbem-13195	98	36	.	.	PUNCT
fbem-13195	99	1	in	in	ADP
fbem-13195	99	2	order	order	NOUN
fbem-13195	99	3	to	to	PART
fbem-13195	99	4	make	make	VERB
fbem-13195	99	5	the	the	DET
fbem-13195	99	6	data	datum	NOUN
fbem-13195	99	7	comparable	comparable	ADJ
fbem-13195	99	8	with	with	ADP
fbem-13195	99	9	each	each	DET
fbem-13195	99	10	other	other	ADJ
fbem-13195	99	11	and	and	CCONJ
fbem-13195	99	12	eliminate	eliminate	VERB
fbem-13195	99	13	the	the	DET
fbem-13195	99	14	influence	influence	NOUN
fbem-13195	99	15	of	of	ADP
fbem-13195	99	16	the	the	DET
fbem-13195	99	17	scale	scale	NOUN
fbem-13195	99	18	between	between	ADP
fbem-13195	99	19	indicators	indicator	NOUN
fbem-13195	99	20	,	,	PUNCT
fbem-13195	99	21	the	the	DET
fbem-13195	99	22	volatility	volatility	NOUN
fbem-13195	99	23	terms	term	NOUN
fbem-13195	99	24	are	be	AUX
fbem-13195	99	25	first	first	ADV
fbem-13195	99	26	standardised	standardise	VERB
fbem-13195	99	27	before	before	ADP
fbem-13195	99	28	the	the	DET
fbem-13195	99	29	cluster	cluster	NOUN
fbem-13195	99	30	analysis	analysis	NOUN
fbem-13195	99	31	.	.	PUNCT
fbem-13195	100	1	table	table	NOUN
fbem-13195	100	2	5	5	NUM
fbem-13195	100	3	and	and	CCONJ
fbem-13195	100	4	figure	figure	VERB
fbem-13195	100	5	3	3	NUM
fbem-13195	100	6	show	show	VERB
fbem-13195	100	7	the	the	DET
fbem-13195	100	8	results	result	NOUN
fbem-13195	100	9	of	of	ADP
fbem-13195	100	10	the	the	DET
fbem-13195	100	11	cluster	cluster	NOUN
fbem-13195	100	12	analysis	analysis	NOUN
fbem-13195	100	13	.	.	PUNCT
fbem-13195	101	1	this	this	DET
fbem-13195	101	2	study	study	NOUN
fbem-13195	101	3	uses	use	VERB
fbem-13195	101	4	a	a	DET
fbem-13195	101	5	systematic	systematic	ADJ
fbem-13195	101	6	clustering	clustering	NOUN
fbem-13195	101	7	method	method	NOUN
fbem-13195	101	8	,	,	PUNCT
fbem-13195	101	9	in	in	ADP
fbem-13195	101	10	which	which	PRON
fbem-13195	101	11	the	the	DET
fbem-13195	101	12	affinity	affinity	NOUN
fbem-13195	101	13	of	of	ADP
fbem-13195	101	14	measuring	measure	VERB
fbem-13195	101	15	the	the	DET
fbem-13195	101	16	change	change	NOUN
fbem-13195	101	17	in	in	ADP
fbem-13195	101	18	the	the	DET
fbem-13195	101	19	foreign	foreign	ADJ
fbem-13195	101	20	exchange	exchange	NOUN
fbem-13195	101	21	reserves	reserve	NOUN
fbem-13195	101	22	of	of	ADP
fbem-13195	101	23	each	each	DET
fbem-13195	101	24	country	country	NOUN
fbem-13195	101	25	is	be	AUX
fbem-13195	101	26	measured	measure	VERB
fbem-13195	101	27	using	use	VERB
fbem-13195	101	28	the	the	DET
fbem-13195	101	29	squared	squared	ADJ
fbem-13195	101	30	euclidean	euclidean	ADJ
fbem-13195	101	31	distance	distance	NOUN
fbem-13195	101	32	.	.	PUNCT
fbem-13195	102	1	in	in	ADP
fbem-13195	102	2	the	the	DET
fbem-13195	102	3	first	first	ADJ
fbem-13195	102	4	stage	stage	NOUN
fbem-13195	102	5	,	,	PUNCT
fbem-13195	102	6	china	china	PROPN
fbem-13195	102	7	and	and	CCONJ
fbem-13195	102	8	brazil	brazil	PROPN
fbem-13195	102	9	are	be	AUX
fbem-13195	102	10	clustered	cluster	VERB
fbem-13195	102	11	first	first	ADV
fbem-13195	102	12	,	,	PUNCT
fbem-13195	102	13	with	with	ADP
fbem-13195	102	14	a	a	DET
fbem-13195	102	15	distance	distance	NOUN
fbem-13195	102	16	coefficient	coefficient	NOUN
fbem-13195	102	17	of	of	ADP
fbem-13195	102	18	3.609	3.609	NUM
fbem-13195	102	19	;	;	PUNCT
fbem-13195	102	20	in	in	ADP
fbem-13195	102	21	the	the	DET
fbem-13195	102	22	second	second	ADJ
fbem-13195	102	23	stage	stage	NOUN
fbem-13195	102	24	,	,	PUNCT
fbem-13195	102	25	south	south	PROPN
fbem-13195	102	26	africa	africa	PROPN
fbem-13195	102	27	and	and	CCONJ
fbem-13195	102	28	russia	russia	PROPN
fbem-13195	102	29	are	be	AUX
fbem-13195	102	30	clustered	cluster	VERB
fbem-13195	102	31	,	,	PUNCT
fbem-13195	102	32	with	with	ADP
fbem-13195	102	33	a	a	DET
fbem-13195	102	34	distance	distance	NOUN
fbem-13195	102	35	coefficient	coefficient	NOUN
fbem-13195	102	36	of	of	ADP
fbem-13195	102	37	6.913	6.913	NUM
fbem-13195	102	38	;	;	PUNCT
fbem-13195	102	39	in	in	ADP
fbem-13195	102	40	the	the	DET
fbem-13195	102	41	third	third	ADJ
fbem-13195	102	42	stage	stage	NOUN
fbem-13195	102	43	,	,	PUNCT
fbem-13195	102	44	china	china	PROPN
fbem-13195	102	45	,	,	PUNCT
fbem-13195	102	46	brazil	brazil	PROPN
fbem-13195	102	47	,	,	PUNCT
fbem-13195	102	48	south	south	PROPN
fbem-13195	102	49	africa	africa	PROPN
fbem-13195	102	50	,	,	PUNCT
fbem-13195	102	51	and	and	CCONJ
fbem-13195	102	52	russia	russia	PROPN
fbem-13195	102	53	are	be	AUX
fbem-13195	102	54	clustered	cluster	VERB
fbem-13195	102	55	into	into	ADP
fbem-13195	102	56	one	one	NUM
fbem-13195	102	57	category	category	NOUN
fbem-13195	102	58	,	,	PUNCT
fbem-13195	102	59	with	with	ADP
fbem-13195	102	60	a	a	DET
fbem-13195	102	61	distance	distance	NOUN
fbem-13195	102	62	coefficient	coefficient	NOUN
fbem-13195	102	63	of	of	ADP
fbem-13195	102	64	14.202	14.202	NUM
fbem-13195	102	65	;	;	PUNCT
fbem-13195	102	66	and	and	CCONJ
fbem-13195	102	67	in	in	ADP
fbem-13195	102	68	the	the	DET
fbem-13195	102	69	fourth	fourth	ADJ
fbem-13195	102	70	stage	stage	NOUN
fbem-13195	102	71	,	,	PUNCT
fbem-13195	102	72	the	the	DET
fbem-13195	102	73	five	five	NUM
fbem-13195	102	74	countries	country	NOUN
fbem-13195	102	75	are	be	AUX
fbem-13195	102	76	clustered	cluster	VERB
fbem-13195	102	77	into	into	ADP
fbem-13195	102	78	one	one	NUM
fbem-13195	102	79	category	category	NOUN
fbem-13195	102	80	,	,	PUNCT
fbem-13195	102	81	with	with	ADP
fbem-13195	102	82	a	a	DET
fbem-13195	102	83	distance	distance	NOUN
fbem-13195	102	84	coefficient	coefficient	NOUN
fbem-13195	102	85	of	of	ADP
fbem-13195	102	86	62.996.the	62.996.the	DET
fbem-13195	102	87	spectral	spectral	ADJ
fbem-13195	102	88	diagram	diagram	NOUN
fbem-13195	102	89	makes	make	VERB
fbem-13195	102	90	it	it	PRON
fbem-13195	102	91	very	very	ADV
fbem-13195	102	92	intuitive	intuitive	ADJ
fbem-13195	102	93	to	to	ADP
fbem-13195	102	94	it	it	PRON
fbem-13195	102	95	can	can	AUX
fbem-13195	102	96	be	be	AUX
fbem-13195	102	97	seen	see	VERB
fbem-13195	102	98	that	that	SCONJ
fbem-13195	102	99	china	china	PROPN
fbem-13195	102	100	,	,	PUNCT
fbem-13195	102	101	brazil	brazil	PROPN
fbem-13195	102	102	,	,	PUNCT
fbem-13195	102	103	south	south	PROPN
fbem-13195	102	104	africa	africa	PROPN
fbem-13195	102	105	and	and	CCONJ
fbem-13195	102	106	russia	russia	PROPN
fbem-13195	102	107	are	be	AUX
fbem-13195	102	108	aggregated	aggregate	VERB
fbem-13195	102	109	into	into	ADP
fbem-13195	102	110	one	one	NUM
fbem-13195	102	111	category	category	NOUN
fbem-13195	102	112	,	,	PUNCT
fbem-13195	102	113	and	and	CCONJ
fbem-13195	102	114	their	their	PRON
fbem-13195	102	115	foreign	foreign	ADJ
fbem-13195	102	116	exchange	exchange	NOUN
fbem-13195	102	117	reserve	reserve	NOUN
fbem-13195	102	118	fluctuations	fluctuation	NOUN
fbem-13195	102	119	tend	tend	VERB
fbem-13195	102	120	to	to	PART
fbem-13195	102	121	be	be	AUX
fbem-13195	102	122	more	more	ADV
fbem-13195	102	123	consistent	consistent	ADJ
fbem-13195	102	124	,	,	PUNCT
fbem-13195	102	125	and	and	CCONJ
fbem-13195	102	126	their	their	PRON
fbem-13195	102	127	co	co	NOUN
fbem-13195	102	128	-	-	NOUN
fbem-13195	102	129	movement	movement	NOUN
fbem-13195	102	130	is	be	AUX
fbem-13195	102	131	stronger	strong	ADJ
fbem-13195	102	132	.	.	PUNCT
fbem-13195	103	1	table	table	NOUN
fbem-13195	103	2	5	5	NUM
fbem-13195	103	3	.	.	PUNCT
fbem-13195	103	4	clustering	cluster	VERB
fbem-13195	103	5	results	result	NOUN
fbem-13195	103	6	of	of	ADP
fbem-13195	103	7	foreign	foreign	ADJ
fbem-13195	103	8	exchange	exchange	NOUN
fbem-13195	103	9	reserve	reserve	NOUN
fbem-13195	103	10	volatility	volatility	NOUN
fbem-13195	103	11	in	in	ADP
fbem-13195	103	12	brics	brics	PROPN
fbem-13195	103	13	countries	country	NOUN
fbem-13195	103	14	combinatorial	combinatorial	ADJ
fbem-13195	103	15	clustering	clustering	ADJ
fbem-13195	103	16	coefficients	coefficient	NOUN
fbem-13195	103	17	stages	stage	NOUN
fbem-13195	103	18	where	where	SCONJ
fbem-13195	103	19	clustering	cluster	VERB
fbem-13195	103	20	first	first	ADV
fbem-13195	103	21	occurs	occur	VERB
fbem-13195	103	22	next	next	ADJ
fbem-13195	103	23	stage	stage	NOUN
fbem-13195	103	24	stage	stage	NOUN
fbem-13195	103	25	cluster	cluster	NOUN
fbem-13195	103	26	1	1	NUM
fbem-13195	103	27	cluster	cluster	NOUN
fbem-13195	103	28	2	2	NUM
fbem-13195	103	29	cluster	cluster	NOUN
fbem-13195	103	30	1	1	NUM
fbem-13195	103	31	cluster	cluster	NOUN
fbem-13195	103	32	2	2	NUM
fbem-13195	103	33	1	1	NUM
fbem-13195	103	34	1	1	NUM
fbem-13195	103	35	2	2	NUM
fbem-13195	103	36	3.609	3.609	NUM
fbem-13195	103	37	0	0	NUM
fbem-13195	103	38	0	0	NUM
fbem-13195	103	39	3	3	NUM
fbem-13195	103	40	2	2	NUM
fbem-13195	103	41	3	3	NUM
fbem-13195	103	42	4	4	NUM
fbem-13195	103	43	6.913	6.913	NUM
fbem-13195	103	44	0	0	NUM
fbem-13195	103	45	0	0	NUM
fbem-13195	103	46	3	3	NUM
fbem-13195	103	47	3	3	NUM
fbem-13195	103	48	1	1	NUM
fbem-13195	103	49	3	3	NUM
fbem-13195	103	50	14.202	14.202	NUM
fbem-13195	103	51	1	1	NUM
fbem-13195	103	52	2	2	NUM
fbem-13195	103	53	4	4	NUM
fbem-13195	103	54	4	4	NUM
fbem-13195	103	55	1	1	NUM
fbem-13195	103	56	5	5	NUM
fbem-13195	103	57	62.996	62.996	NUM
fbem-13195	103	58	3	3	NUM
fbem-13195	103	59	0	0	NUM
fbem-13195	103	60	0	0	NUM
fbem-13195	103	61	100	100	NUM
fbem-13195	103	62	figure	figure	NOUN
fbem-13195	103	63	3	3	NUM
fbem-13195	103	64	.	.	PUNCT
fbem-13195	103	65	a	a	DET
fbem-13195	103	66	clustered	clustered	ADJ
fbem-13195	103	67	spectrogram	spectrogram	NOUN
fbem-13195	103	68	of	of	ADP
fbem-13195	103	69	foreign	foreign	ADJ
fbem-13195	103	70	exchange	exchange	NOUN
fbem-13195	103	71	reserve	reserve	NOUN
fbem-13195	103	72	volatility	volatility	NOUN
fbem-13195	103	73	in	in	ADP
fbem-13195	103	74	the	the	DET
fbem-13195	103	75	brics	bric	NOUN
fbem-13195	103	76	countries	country	NOUN
fbem-13195	103	77	4	4	NUM
fbem-13195	103	78	.	.	PUNCT
fbem-13195	103	79	conclusion	conclusion	NOUN
fbem-13195	103	80	in	in	ADP
fbem-13195	103	81	the	the	DET
fbem-13195	103	82	era	era	NOUN
fbem-13195	103	83	of	of	ADP
fbem-13195	103	84	international	international	ADJ
fbem-13195	103	85	pattern	pattern	NOUN
fbem-13195	103	86	change	change	NOUN
fbem-13195	103	87	and	and	CCONJ
fbem-13195	103	88	economic	economic	ADJ
fbem-13195	103	89	order	order	NOUN
fbem-13195	103	90	adjustment	adjustment	NOUN
fbem-13195	103	91	,	,	PUNCT
fbem-13195	103	92	emerging	emerge	VERB
fbem-13195	103	93	economic	economic	ADJ
fbem-13195	103	94	powers	power	NOUN
fbem-13195	103	95	play	play	VERB
fbem-13195	103	96	a	a	DET
fbem-13195	103	97	very	very	ADV
fbem-13195	103	98	important	important	ADJ
fbem-13195	103	99	role	role	NOUN
fbem-13195	103	100	in	in	ADP
fbem-13195	103	101	international	international	ADJ
fbem-13195	103	102	affairs	affair	NOUN
fbem-13195	103	103	,	,	PUNCT
fbem-13195	103	104	and	and	CCONJ
fbem-13195	103	105	the	the	DET
fbem-13195	103	106	brics	bric	NOUN
fbem-13195	103	107	countries	country	NOUN
fbem-13195	103	108	,	,	PUNCT
fbem-13195	103	109	as	as	ADP
fbem-13195	103	110	representatives	representative	NOUN
fbem-13195	103	111	of	of	ADP
fbem-13195	103	112	emerging	emerge	VERB
fbem-13195	103	113	economic	economic	ADJ
fbem-13195	103	114	powers	power	NOUN
fbem-13195	103	115	,	,	PUNCT
fbem-13195	103	116	study	study	VERB
fbem-13195	103	117	the	the	DET
fbem-13195	103	118	co	co	NOUN
fbem-13195	103	119	-	-	NOUN
fbem-13195	103	120	movement	movement	NOUN
fbem-13195	103	121	of	of	ADP
fbem-13195	103	122	their	their	PRON
fbem-13195	103	123	foreign	foreign	ADJ
fbem-13195	103	124	exchange	exchange	NOUN
fbem-13195	103	125	reserve	reserve	NOUN
fbem-13195	103	126	fluctuation	fluctuation	NOUN
fbem-13195	103	127	is	be	AUX
fbem-13195	103	128	of	of	ADP
fbem-13195	103	129	great	great	ADJ
fbem-13195	103	130	significance	significance	NOUN
fbem-13195	103	131	to	to	ADP
fbem-13195	103	132	the	the	DET
fbem-13195	103	133	subsequent	subsequent	ADJ
fbem-13195	103	134	economic	economic	ADJ
fbem-13195	103	135	cooperation	cooperation	NOUN
fbem-13195	103	136	of	of	ADP
fbem-13195	103	137	the	the	DET
fbem-13195	103	138	brics	bric	NOUN
fbem-13195	103	139	countries	country	NOUN
fbem-13195	103	140	.	.	PUNCT
fbem-13195	104	1	using	use	VERB
fbem-13195	104	2	the	the	DET
fbem-13195	104	3	foreign	foreign	ADJ
fbem-13195	104	4	exchange	exchange	NOUN
fbem-13195	104	5	reserve	reserve	PROPN
fbem-13195	104	6	data	datum	NOUN
fbem-13195	104	7	of	of	ADP
fbem-13195	104	8	brics	bric	NOUN
fbem-13195	104	9	countries	country	NOUN
fbem-13195	104	10	from	from	ADP
fbem-13195	104	11	january	january	PROPN
fbem-13195	104	12	2001	2001	NUM
fbem-13195	104	13	to	to	ADP
fbem-13195	104	14	december	december	PROPN
fbem-13195	104	15	2022	2022	NUM
fbem-13195	104	16	for	for	ADP
fbem-13195	104	17	empirical	empirical	ADJ
fbem-13195	104	18	analysis	analysis	NOUN
fbem-13195	104	19	,	,	PUNCT
fbem-13195	104	20	it	it	PRON
fbem-13195	104	21	is	be	AUX
fbem-13195	104	22	proved	prove	VERB
fbem-13195	104	23	that	that	SCONJ
fbem-13195	104	24	the	the	DET
fbem-13195	104	25	foreign	foreign	ADJ
fbem-13195	104	26	exchange	exchange	PROPN
fbem-13195	104	27	reserve	reserve	PROPN
fbem-13195	104	28	fluctuation	fluctuation	NOUN
fbem-13195	104	29	of	of	ADP
fbem-13195	104	30	brics	bric	NOUN
fbem-13195	104	31	countries	country	NOUN
fbem-13195	104	32	does	do	AUX
fbem-13195	104	33	exist	exist	VERB
fbem-13195	104	34	co	co	NOUN
fbem-13195	104	35	-	-	NOUN
fbem-13195	104	36	movement	movement	NOUN
fbem-13195	104	37	through	through	ADP
fbem-13195	104	38	correlation	correlation	NOUN
fbem-13195	104	39	coefficient	coefficient	NOUN
fbem-13195	104	40	method	method	NOUN
fbem-13195	104	41	,	,	PUNCT
fbem-13195	104	42	granger	granger	PROPN
fbem-13195	104	43	causality	causality	PROPN
fbem-13195	104	44	test	test	NOUN
fbem-13195	104	45	and	and	CCONJ
fbem-13195	104	46	cluster	cluster	NOUN
fbem-13195	104	47	analysis	analysis	NOUN
fbem-13195	104	48	.	.	PUNCT
fbem-13195	105	1	the	the	DET
fbem-13195	105	2	existence	existence	NOUN
fbem-13195	105	3	of	of	ADP
fbem-13195	105	4	co	co	NOUN
fbem-13195	105	5	-	-	NOUN
fbem-13195	105	6	movement	movement	NOUN
fbem-13195	105	7	provides	provide	VERB
fbem-13195	105	8	a	a	DET
fbem-13195	105	9	basis	basis	NOUN
fbem-13195	105	10	for	for	SCONJ
fbem-13195	105	11	the	the	DET
fbem-13195	105	12	brics	bric	NOUN
fbem-13195	105	13	countries	country	NOUN
fbem-13195	105	14	to	to	PART
fbem-13195	105	15	fully	fully	ADV
fbem-13195	105	16	consider	consider	VERB
fbem-13195	105	17	the	the	DET
fbem-13195	105	18	economic	economic	ADJ
fbem-13195	105	19	fluctuations	fluctuation	NOUN
fbem-13195	105	20	of	of	ADP
fbem-13195	105	21	the	the	DET
fbem-13195	105	22	other	other	ADJ
fbem-13195	105	23	four	four	NUM
fbem-13195	105	24	countries	country	NOUN
fbem-13195	105	25	when	when	SCONJ
fbem-13195	105	26	they	they	PRON
fbem-13195	105	27	formulate	formulate	VERB
fbem-13195	105	28	their	their	PRON
fbem-13195	105	29	own	own	ADJ
fbem-13195	105	30	economic	economic	ADJ
fbem-13195	105	31	policies	policy	NOUN
fbem-13195	105	32	in	in	ADP
fbem-13195	105	33	the	the	DET
fbem-13195	105	34	future	future	NOUN
fbem-13195	105	35	,	,	PUNCT
fbem-13195	105	36	and	and	CCONJ
fbem-13195	105	37	also	also	ADV
fbem-13195	105	38	highlights	highlight	VERB
fbem-13195	105	39	the	the	DET
fbem-13195	105	40	strategic	strategic	ADJ
fbem-13195	105	41	significance	significance	NOUN
fbem-13195	105	42	of	of	ADP
fbem-13195	105	43	the	the	DET
fbem-13195	105	44	brics	bric	NOUN
fbem-13195	105	45	countries	country	NOUN
fbem-13195	105	46	to	to	PART
fbem-13195	105	47	strengthen	strengthen	VERB
fbem-13195	105	48	the	the	DET
fbem-13195	105	49	adjustment	adjustment	NOUN
fbem-13195	105	50	of	of	ADP
fbem-13195	105	51	foreign	foreign	ADJ
fbem-13195	105	52	exchange	exchange	NOUN
fbem-13195	105	53	reserve	reserve	NOUN
fbem-13195	105	54	cooperation	cooperation	NOUN
fbem-13195	105	55	.	.	PUNCT
fbem-13195	106	1	references	reference	NOUN
fbem-13195	106	2	[	[	X
fbem-13195	106	3	1	1	NUM
fbem-13195	106	4	]	]	X
fbem-13195	106	5	luo	luo	PROPN
fbem-13195	106	6	,	,	PUNCT
fbem-13195	106	7	s.	s.	PROPN
fbem-13195	106	8	,	,	PUNCT
fbem-13195	106	9	zhou	zhou	PROPN
fbem-13195	106	10	,	,	PUNCT
fbem-13195	106	11	g.	g.	PROPN
fbem-13195	106	12	(	(	PUNCT
fbem-13195	106	13	2020	2020	NUM
fbem-13195	106	14	)	)	PUNCT
fbem-13195	106	15	the	the	DET
fbem-13195	106	16	functional	functional	ADJ
fbem-13195	106	17	dynamic	dynamic	ADJ
fbem-13195	106	18	evolution	evolution	NOUN
fbem-13195	106	19	and	and	CCONJ
fbem-13195	106	20	optimal	optimal	ADJ
fbem-13195	106	21	scale	scale	NOUN
fbem-13195	106	22	of	of	ADP
fbem-13195	106	23	foreign	foreign	ADJ
fbem-13195	106	24	exchange	exchange	NOUN
fbem-13195	106	25	reserves	reserve	NOUN
fbem-13195	106	26	.	.	PUNCT
fbem-13195	107	1	journal	journal	NOUN
fbem-13195	107	2	of	of	ADP
fbem-13195	107	3	management	management	NOUN
fbem-13195	107	4	sciences	sciences	PROPN
fbem-13195	107	5	in	in	ADP
fbem-13195	107	6	china	china	PROPN
fbem-13195	107	7	,	,	PUNCT
fbem-13195	107	8	23(08	23(08	PROPN
fbem-13195	107	9	):	):	PUNCT
fbem-13195	107	10	33	33	NUM
fbem-13195	107	11	-	-	SYM
fbem-13195	107	12	53	53	NUM
fbem-13195	107	13	.	.	PUNCT
fbem-13195	108	1	[	[	X
fbem-13195	108	2	2	2	NUM
fbem-13195	108	3	]	]	X
fbem-13195	108	4	liu	liu	PROPN
fbem-13195	108	5	,	,	PUNCT
fbem-13195	108	6	y.	y.	PROPN
fbem-13195	108	7	,	,	PUNCT
fbem-13195	108	8	ma	ma	PROPN
fbem-13195	108	9	,	,	PUNCT
fbem-13195	108	10	s.	s.	PROPN
fbem-13195	108	11	(	(	PUNCT
fbem-13195	108	12	2019	2019	NUM
fbem-13195	108	13	)	)	PUNCT
fbem-13195	108	14	study	study	NOUN
fbem-13195	108	15	on	on	ADP
fbem-13195	108	16	the	the	DET
fbem-13195	108	17	adequate	adequate	ADJ
fbem-13195	108	18	scale	scale	NOUN
fbem-13195	108	19	of	of	ADP
fbem-13195	108	20	china	china	PROPN
fbem-13195	108	21	's	's	PART
fbem-13195	108	22	foreign	foreign	ADJ
fbem-13195	108	23	exchange	exchange	NOUN
fbem-13195	108	24	reserves	reserve	NOUN
fbem-13195	108	25	.	.	PUNCT
fbem-13195	109	1	contemporary	contemporary	ADJ
fbem-13195	109	2	economic	economic	ADJ
fbem-13195	109	3	research	research	NOUN
fbem-13195	109	4	,	,	PUNCT
fbem-13195	109	5	(	(	PUNCT
fbem-13195	109	6	04	04	NUM
fbem-13195	109	7	):	):	PUNCT
fbem-13195	109	8	88	88	NUM
fbem-13195	109	9	-	-	SYM
fbem-13195	109	10	94	94	NUM
fbem-13195	109	11	.	.	PUNCT
fbem-13195	110	1	[	[	X
fbem-13195	110	2	3	3	NUM
fbem-13195	110	3	]	]	X
fbem-13195	110	4	wang	wang	PROPN
fbem-13195	110	5	,	,	PUNCT
fbem-13195	110	6	z.	z.	PROPN
fbem-13195	110	7	,	,	PUNCT
fbem-13195	110	8	zhang	zhang	PROPN
fbem-13195	110	9	,	,	PUNCT
fbem-13195	110	10	h.	h.	PROPN
fbem-13195	110	11	(	(	PUNCT
fbem-13195	110	12	2017	2017	NUM
fbem-13195	110	13	)	)	PUNCT
fbem-13195	110	14	a	a	DET
fbem-13195	110	15	study	study	NOUN
fbem-13195	110	16	on	on	ADP
fbem-13195	110	17	decision	decision	NOUN
fbem-13195	110	18	mechanism	mechanism	NOUN
fbem-13195	110	19	and	and	CCONJ
fbem-13195	110	20	influential	influential	ADJ
fbem-13195	110	21	factors	factor	NOUN
fbem-13195	110	22	of	of	ADP
fbem-13195	110	23	foreign	foreign	ADJ
fbem-13195	110	24	exchange	exchange	NOUN
fbem-13195	110	25	reserves	reserve	NOUN
fbem-13195	110	26	in	in	ADP
fbem-13195	110	27	china	china	PROPN
fbem-13195	110	28	.	.	PUNCT
fbem-13195	111	1	east	east	PROPN
fbem-13195	111	2	china	china	PROPN
fbem-13195	111	3	economic	economic	ADJ
fbem-13195	111	4	management	management	NOUN
fbem-13195	111	5	,	,	PUNCT
fbem-13195	111	6	31(07	31(07	NUM
fbem-13195	111	7	):	):	PUNCT
fbem-13195	111	8	94	94	NUM
fbem-13195	111	9	-	-	SYM
fbem-13195	111	10	103	103	NUM
fbem-13195	111	11	.	.	PUNCT
fbem-13195	112	1	[	[	X
fbem-13195	112	2	4	4	NUM
fbem-13195	112	3	]	]	X
fbem-13195	112	4	duan	duan	PROPN
fbem-13195	112	5	,	,	PUNCT
fbem-13195	112	6	j.	j.	PROPN
fbem-13195	112	7	,	,	PUNCT
fbem-13195	112	8	wang	wang	PROPN
fbem-13195	112	9	,	,	PUNCT
fbem-13195	112	10	z.	z.	PROPN
fbem-13195	112	11	(	(	PUNCT
fbem-13195	112	12	2013	2013	NUM
fbem-13195	112	13	)	)	PUNCT
fbem-13195	112	14	analysis	analysis	NOUN
fbem-13195	112	15	and	and	CCONJ
fbem-13195	112	16	discussion	discussion	NOUN
fbem-13195	112	17	of	of	ADP
fbem-13195	112	18	the	the	DET
fbem-13195	112	19	moderate	moderate	ADJ
fbem-13195	112	20	scale	scale	NOUN
fbem-13195	112	21	of	of	ADP
fbem-13195	112	22	china	china	PROPN
fbem-13195	112	23	's	's	PART
fbem-13195	112	24	foreign	foreign	ADJ
fbem-13195	112	25	exchange	exchange	NOUN
fbem-13195	112	26	reserves	reserve	NOUN
fbem-13195	112	27	.	.	PUNCT
fbem-13195	113	1	zhejiang	zhejiang	PROPN
fbem-13195	113	2	finance	finance	PROPN
fbem-13195	113	3	,	,	PUNCT
fbem-13195	113	4	(	(	PUNCT
fbem-13195	113	5	04	04	NUM
fbem-13195	113	6	):	):	PUNCT
fbem-13195	113	7	31	31	NUM
fbem-13195	113	8	-	-	SYM
fbem-13195	113	9	33	33	NUM
fbem-13195	113	10	+	+	NOUN
fbem-13195	113	11	37	37	NUM
fbem-13195	113	12	.	.	PUNCT
fbem-13195	114	1	[	[	X
fbem-13195	114	2	5	5	NUM
fbem-13195	114	3	]	]	X
fbem-13195	114	4	ding	ding	NOUN
fbem-13195	114	5	,	,	PUNCT
fbem-13195	114	6	z.	z.	PROPN
fbem-13195	114	7	(	(	PUNCT
fbem-13195	114	8	2012	2012	NUM
fbem-13195	114	9	)	)	PUNCT
fbem-13195	114	10	theoretical	theoretical	ADJ
fbem-13195	114	11	and	and	CCONJ
fbem-13195	114	12	empirical	empirical	ADJ
fbem-13195	114	13	analysis	analysis	NOUN
fbem-13195	114	14	of	of	ADP
fbem-13195	114	15	russia	russia	PROPN
fbem-13195	114	16	’s	’s	PART
fbem-13195	114	17	foreign	foreign	ADJ
fbem-13195	114	18	exchange	exchange	NOUN
fbem-13195	114	19	reserves	reserve	NOUN
fbem-13195	114	20	.	.	PUNCT
fbem-13195	115	1	northeast	northeast	PROPN
fbem-13195	115	2	asia	asia	PROPN
fbem-13195	115	3	forum	forum	PROPN
fbem-13195	115	4	,	,	PUNCT
fbem-13195	115	5	21(01	21(01	NUM
fbem-13195	115	6	):	):	PUNCT
fbem-13195	115	7	98105	98105	NUM
fbem-13195	115	8	.	.	PUNCT
fbem-13195	116	1	[	[	X
fbem-13195	116	2	6	6	NUM
fbem-13195	116	3	]	]	SYM
fbem-13195	116	4	yuan	yuan	NOUN
fbem-13195	116	5	,	,	PUNCT
fbem-13195	116	6	q.	q.	PROPN
fbem-13195	116	7	(	(	PUNCT
fbem-13195	116	8	2023	2023	NUM
fbem-13195	116	9	)	)	PUNCT
fbem-13195	116	10	an	an	DET
fbem-13195	116	11	empirical	empirical	ADJ
fbem-13195	116	12	study	study	NOUN
fbem-13195	116	13	of	of	ADP
fbem-13195	116	14	the	the	DET
fbem-13195	116	15	factors	factor	NOUN
fbem-13195	116	16	influencing	influence	VERB
fbem-13195	116	17	china	china	PROPN
fbem-13195	116	18	’s	’s	PART
fbem-13195	116	19	foreign	foreign	ADJ
fbem-13195	116	20	exchange	exchange	NOUN
fbem-13195	116	21	reserves	reserve	NOUN
fbem-13195	116	22	based	base	VERB
fbem-13195	116	23	on	on	ADP
fbem-13195	116	24	the	the	DET
fbem-13195	116	25	model	model	NOUN
fbem-13195	116	26	of	of	ADP
fbem-13195	116	27	multiple	multiple	ADJ
fbem-13195	116	28	linear	linear	ADJ
fbem-13195	116	29	regression	regression	NOUN
fbem-13195	116	30	.	.	PUNCT
fbem-13195	117	1	china	china	PROPN
fbem-13195	117	2	journal	journal	PROPN
fbem-13195	117	3	of	of	ADP
fbem-13195	117	4	commerce	commerce	PROPN
fbem-13195	117	5	,	,	PUNCT
fbem-13195	117	6	(	(	PUNCT
fbem-13195	117	7	13	13	NUM
fbem-13195	117	8	):	):	PUNCT
fbem-13195	117	9	8	8	NUM
fbem-13195	117	10	-	-	SYM
fbem-13195	117	11	11	11	NUM
fbem-13195	117	12	.	.	PUNCT
fbem-13195	118	1	[	[	X
fbem-13195	118	2	7	7	X
fbem-13195	118	3	]	]	SYM
fbem-13195	118	4	ma	ma	PROPN
fbem-13195	118	5	,	,	PUNCT
fbem-13195	118	6	d.	d.	PROPN
fbem-13195	118	7	xiong	xiong	PROPN
fbem-13195	118	8	,	,	PUNCT
fbem-13195	118	9	f.	f.	PROPN
fbem-13195	118	10	(	(	PUNCT
fbem-13195	118	11	2012	2012	NUM
fbem-13195	118	12	)	)	PUNCT
fbem-13195	118	13	analysis	analysis	NOUN
fbem-13195	118	14	of	of	ADP
fbem-13195	118	15	the	the	DET
fbem-13195	118	16	adequate	adequate	ADJ
fbem-13195	118	17	size	size	NOUN
fbem-13195	118	18	of	of	ADP
fbem-13195	118	19	china	china	PROPN
fbem-13195	118	20	's	's	PART
fbem-13195	118	21	foreign	foreign	ADJ
fbem-13195	118	22	exchange	exchange	NOUN
fbem-13195	118	23	reserves	reserve	NOUN
fbem-13195	118	24	based	base	VERB
fbem-13195	118	25	on	on	ADP
fbem-13195	118	26	the	the	DET
fbem-13195	118	27	agarwal	agarwal	PROPN
fbem-13195	118	28	model	model	NOUN
fbem-13195	118	29	.	.	PUNCT
fbem-13195	119	1	economic	economic	ADJ
fbem-13195	119	2	forum	forum	PROPN
fbem-13195	119	3	,	,	PUNCT
fbem-13195	119	4	10	10	NUM
fbem-13195	119	5	):	):	PUNCT
fbem-13195	119	6	10	10	NUM
fbem-13195	119	7	-	-	SYM
fbem-13195	119	8	13	13	NUM
fbem-13195	119	9	+	+	NOUN
fbem-13195	119	10	9	9	NUM
fbem-13195	119	11	.	.	PUNCT
fbem-13195	120	1	[	[	X
fbem-13195	120	2	8	8	NUM
fbem-13195	120	3	]	]	X
fbem-13195	120	4	xiao	xiao	PROPN
fbem-13195	120	5	,	,	PUNCT
fbem-13195	120	6	w.	w.	PROPN
fbem-13195	120	7	,	,	PUNCT
fbem-13195	120	8	liu	liu	PROPN
fbem-13195	120	9	,	,	PUNCT
fbem-13195	120	10	l.	l.	PROPN
fbem-13195	120	11	,	,	PUNCT
fbem-13195	120	12	liu	liu	PROPN
fbem-13195	120	13	,	,	PUNCT
fbem-13195	120	14	y.	y.	PROPN
fbem-13195	120	15	(	(	PUNCT
fbem-13195	120	16	2012	2012	NUM
fbem-13195	120	17	)	)	PUNCT
fbem-13195	120	18	a	a	DET
fbem-13195	120	19	study	study	NOUN
fbem-13195	120	20	on	on	ADP
fbem-13195	120	21	the	the	DET
fbem-13195	120	22	moderate	moderate	ADJ
fbem-13195	120	23	size	size	NOUN
fbem-13195	120	24	and	and	CCONJ
fbem-13195	120	25	demand	demand	NOUN
fbem-13195	120	26	structure	structure	NOUN
fbem-13195	120	27	of	of	ADP
fbem-13195	120	28	china	china	PROPN
fbem-13195	120	29	's	's	PART
fbem-13195	120	30	foreign	foreign	ADJ
fbem-13195	120	31	exchange	exchange	NOUN
fbem-13195	120	32	reservesbased	reservesbase	VERB
fbem-13195	120	33	on	on	ADP
fbem-13195	120	34	the	the	DET
fbem-13195	120	35	modified	modify	VERB
fbem-13195	120	36	agarwal	agarwal	PROPN
fbem-13195	120	37	model	model	NOUN
fbem-13195	120	38	.	.	PUNCT
fbem-13195	121	1	finance	finance	PROPN
fbem-13195	121	2	&	&	CCONJ
fbem-13195	121	3	trade	trade	NOUN
fbem-13195	121	4	economics	economic	NOUN
fbem-13195	121	5	,	,	PUNCT
fbem-13195	121	6	(	(	PUNCT
fbem-13195	121	7	03	03	NUM
fbem-13195	121	8	):	):	PUNCT
fbem-13195	121	9	46	46	NUM
fbem-13195	121	10	-	-	SYM
fbem-13195	121	11	52	52	NUM
fbem-13195	121	12	.	.	PUNCT
fbem-13195	122	1	[	[	X
fbem-13195	122	2	9	9	NUM
fbem-13195	122	3	]	]	X
fbem-13195	122	4	lian	lian	PROPN
fbem-13195	122	5	,	,	PUNCT
fbem-13195	122	6	l.	l.	PROPN
fbem-13195	122	7	(	(	PUNCT
fbem-13195	122	8	2016	2016	NUM
fbem-13195	122	9	)	)	PUNCT
fbem-13195	122	10	study	study	NOUN
fbem-13195	122	11	on	on	ADP
fbem-13195	122	12	the	the	DET
fbem-13195	122	13	measurement	measurement	NOUN
fbem-13195	122	14	of	of	ADP
fbem-13195	122	15	the	the	DET
fbem-13195	122	16	adequate	adequate	ADJ
fbem-13195	122	17	size	size	NOUN
fbem-13195	122	18	of	of	ADP
fbem-13195	122	19	china	china	PROPN
fbem-13195	122	20	's	's	PART
fbem-13195	122	21	foreign	foreign	ADJ
fbem-13195	122	22	exchange	exchange	NOUN
fbem-13195	122	23	reserves	reserve	NOUN
fbem-13195	122	24	-	-	PUNCT
fbem-13195	122	25	based	base	VERB
fbem-13195	122	26	on	on	ADP
fbem-13195	122	27	the	the	DET
fbem-13195	122	28	modified	modify	VERB
fbem-13195	122	29	agarwal	agarwal	PROPN
fbem-13195	122	30	model	model	NOUN
fbem-13195	122	31	.	.	PUNCT
fbem-13195	123	1	productivity	productivity	NOUN
fbem-13195	123	2	research	research	NOUN
fbem-13195	123	3	,	,	PUNCT
fbem-13195	123	4	(	(	PUNCT
fbem-13195	123	5	01	01	NUM
fbem-13195	123	6	):	):	PUNCT
fbem-13195	123	7	72	72	NUM
fbem-13195	123	8	-	-	SYM
fbem-13195	123	9	78	78	NUM
fbem-13195	123	10	.	.	PUNCT
fbem-13195	124	1	[	[	X
fbem-13195	124	2	10	10	NUM
fbem-13195	124	3	]	]	X
fbem-13195	124	4	li	li	PROPN
fbem-13195	124	5	,	,	PUNCT
fbem-13195	124	6	j.	j.	PROPN
fbem-13195	124	7	(	(	PUNCT
fbem-13195	124	8	2017	2017	NUM
fbem-13195	124	9	)	)	PUNCT
fbem-13195	124	10	a	a	DET
fbem-13195	124	11	brief	brief	ADJ
fbem-13195	124	12	analysis	analysis	NOUN
fbem-13195	124	13	of	of	ADP
fbem-13195	124	14	the	the	DET
fbem-13195	124	15	moderate	moderate	ADJ
fbem-13195	124	16	size	size	NOUN
fbem-13195	124	17	of	of	ADP
fbem-13195	124	18	china	china	PROPN
fbem-13195	124	19	's	's	PART
fbem-13195	124	20	foreign	foreign	ADJ
fbem-13195	124	21	exchange	exchange	NOUN
fbem-13195	124	22	reserves	reserve	NOUN
fbem-13195	124	23	in	in	ADP
fbem-13195	124	24	1994	1994	NUM
fbem-13195	124	25	-	-	SYM
fbem-13195	124	26	2015	2015	NUM
fbem-13195	124	27	.	.	PUNCT
fbem-13195	125	1	development	development	NOUN
fbem-13195	125	2	research	research	PROPN
fbem-13195	125	3	,	,	PUNCT
fbem-13195	125	4	(	(	PUNCT
fbem-13195	125	5	05	05	NUM
fbem-13195	125	6	):	):	PUNCT
fbem-13195	125	7	52	52	NUM
fbem-13195	125	8	-	-	SYM
fbem-13195	125	9	57	57	NUM
fbem-13195	125	10	.	.	PUNCT
fbem-13195	126	1	[	[	X
fbem-13195	126	2	11	11	NUM
fbem-13195	126	3	]	]	X
fbem-13195	126	4	liu	liu	PROPN
fbem-13195	126	5	,	,	PUNCT
fbem-13195	126	6	x.	x.	NOUN
fbem-13195	126	7	(	(	PUNCT
fbem-13195	126	8	2018	2018	NUM
fbem-13195	126	9	)	)	PUNCT
fbem-13195	126	10	the	the	DET
fbem-13195	126	11	transition	transition	NOUN
fbem-13195	126	12	of	of	ADP
fbem-13195	126	13	the	the	DET
fbem-13195	126	14	function	function	NOUN
fbem-13195	126	15	of	of	ADP
fbem-13195	126	16	foreign	foreign	ADJ
fbem-13195	126	17	exchange	exchange	NOUN
fbem-13195	126	18	reserves	reserve	NOUN
fbem-13195	126	19	under	under	ADP
fbem-13195	126	20	the	the	DET
fbem-13195	126	21	background	background	NOUN
fbem-13195	126	22	of	of	ADP
fbem-13195	126	23	rmb	rmb	NOUN
fbem-13195	126	24	globalization	globalization	NOUN
fbem-13195	126	25	-	-	PUNCT
fbem-13195	126	26	the	the	DET
fbem-13195	126	27	calculation	calculation	NOUN
fbem-13195	126	28	of	of	ADP
fbem-13195	126	29	moderate	moderate	ADJ
fbem-13195	126	30	scale	scale	NOUN
fbem-13195	126	31	and	and	CCONJ
fbem-13195	126	32	the	the	DET
fbem-13195	126	33	management	management	NOUN
fbem-13195	126	34	over	over	ADP
fbem-13195	126	35	foreign	foreign	ADJ
fbem-13195	126	36	exchange	exchange	NOUN
fbem-13195	126	37	reserves	reserve	NOUN
fbem-13195	126	38	of	of	ADP
fbem-13195	126	39	china	china	PROPN
fbem-13195	126	40	.	.	PUNCT
fbem-13195	127	1	hainan	hainan	PROPN
fbem-13195	127	2	finance	finance	PROPN
fbem-13195	127	3	,	,	PUNCT
fbem-13195	127	4	(	(	PUNCT
fbem-13195	127	5	03	03	NUM
fbem-13195	127	6	):	):	PUNCT
fbem-13195	127	7	20	20	NUM
fbem-13195	127	8	-	-	SYM
fbem-13195	127	9	31	31	NUM
fbem-13195	127	10	.	.	PUNCT
fbem-13195	128	1	[	[	X
fbem-13195	128	2	12	12	NUM
fbem-13195	128	3	]	]	X
fbem-13195	128	4	lv	lv	PROPN
fbem-13195	128	5	,	,	PUNCT
fbem-13195	128	6	x.	x.	PROPN
fbem-13195	128	7	,	,	PUNCT
fbem-13195	128	8	zhou	zhou	PROPN
fbem-13195	128	9	,	,	PUNCT
fbem-13195	128	10	g.	g.	PROPN
fbem-13195	128	11	(	(	PUNCT
fbem-13195	128	12	2016	2016	NUM
fbem-13195	128	13	)	)	PUNCT
fbem-13195	128	14	research	research	NOUN
fbem-13195	128	15	on	on	ADP
fbem-13195	128	16	the	the	DET
fbem-13195	128	17	optimal	optimal	ADJ
fbem-13195	128	18	size	size	NOUN
fbem-13195	128	19	of	of	ADP
fbem-13195	128	20	china	china	PROPN
fbem-13195	128	21	's	's	PART
fbem-13195	128	22	foreign	foreign	ADJ
fbem-13195	128	23	exchange	exchange	NOUN
fbem-13195	128	24	reserves	reserve	NOUN
fbem-13195	128	25	-	-	PUNCT
fbem-13195	128	26	based	base	VERB
fbem-13195	128	27	on	on	ADP
fbem-13195	128	28	the	the	DET
fbem-13195	128	29	perspective	perspective	NOUN
fbem-13195	128	30	of	of	ADP
fbem-13195	128	31	demand	demand	NOUN
fbem-13195	128	32	motivation	motivation	NOUN
fbem-13195	128	33	.	.	PUNCT
fbem-13195	129	1	seeker	seeker	NOUN
fbem-13195	129	2	,	,	PUNCT
fbem-13195	129	3	(	(	PUNCT
fbem-13195	129	4	05	05	NUM
fbem-13195	129	5	):	):	PUNCT
fbem-13195	129	6	100	100	NUM
fbem-13195	129	7	-	-	SYM
fbem-13195	129	8	104	104	NUM
fbem-13195	129	9	.	.	PUNCT
fbem-13195	130	1	[	[	X
fbem-13195	130	2	13	13	NUM
fbem-13195	130	3	]	]	SYM
fbem-13195	130	4	li	li	PROPN
fbem-13195	130	5	,	,	PUNCT
fbem-13195	130	6	s.	s.	PROPN
fbem-13195	130	7	,	,	PUNCT
fbem-13195	130	8	zhao	zhao	PROPN
fbem-13195	130	9	,	,	PUNCT
fbem-13195	130	10	j.	j.	PROPN
fbem-13195	130	11	,	,	PUNCT
fbem-13195	130	12	liu	liu	PROPN
fbem-13195	130	13	,	,	PUNCT
fbem-13195	130	14	x.	x.	NOUN
fbem-13195	130	15	(	(	PUNCT
fbem-13195	130	16	2015	2015	NUM
fbem-13195	130	17	)	)	PUNCT
fbem-13195	130	18	study	study	NOUN
fbem-13195	130	19	on	on	ADP
fbem-13195	130	20	the	the	DET
fbem-13195	130	21	trend	trend	NOUN
fbem-13195	130	22	of	of	ADP
fbem-13195	130	23	foreign	foreign	ADJ
fbem-13195	130	24	exchange	exchange	NOUN
fbem-13195	130	25	reserves	reserve	NOUN
fbem-13195	130	26	under	under	ADP
fbem-13195	130	27	the	the	DET
fbem-13195	130	28	new	new	ADJ
fbem-13195	130	29	normalcy	normalcy	NOUN
fbem-13195	130	30	.	.	PUNCT
fbem-13195	131	1	south	south	PROPN
fbem-13195	131	2	china	china	PROPN
fbem-13195	131	3	finance	finance	PROPN
fbem-13195	131	4	,	,	PUNCT
fbem-13195	131	5	(	(	PUNCT
fbem-13195	131	6	05	05	NUM
fbem-13195	131	7	):	):	PUNCT
fbem-13195	131	8	14	14	NUM
fbem-13195	131	9	-	-	SYM
fbem-13195	131	10	21	21	NUM
fbem-13195	131	11	+	+	NOUN
fbem-13195	131	12	55	55	NUM
fbem-13195	131	13	.	.	PUNCT
fbem-13195	132	1	[	[	X
fbem-13195	132	2	14	14	NUM
fbem-13195	132	3	]	]	X
fbem-13195	132	4	jiang	jiang	PROPN
fbem-13195	132	5	,	,	PUNCT
fbem-13195	132	6	x.	x.	PROPN
fbem-13195	132	7	,	,	PUNCT
fbem-13195	132	8	liu	liu	PROPN
fbem-13195	132	9	,	,	PUNCT
fbem-13195	132	10	d.	d.	PROPN
fbem-13195	132	11	,	,	PUNCT
fbem-13195	132	12	meng	meng	PROPN
fbem-13195	132	13	,	,	PUNCT
fbem-13195	132	14	y.	y.	PROPN
fbem-13195	132	15	(	(	PUNCT
fbem-13195	132	16	2002	2002	NUM
fbem-13195	132	17	)	)	PUNCT
fbem-13195	132	18	analysis	analysis	NOUN
fbem-13195	132	19	of	of	ADP
fbem-13195	132	20	the	the	DET
fbem-13195	132	21	size	size	NOUN
fbem-13195	132	22	of	of	ADP
fbem-13195	132	23	china	china	PROPN
fbem-13195	132	24	's	's	PART
fbem-13195	132	25	foreign	foreign	ADJ
fbem-13195	132	26	exchange	exchange	NOUN
fbem-13195	132	27	reserves	reserve	NOUN
fbem-13195	132	28	.	.	PUNCT
fbem-13195	133	1	macroeconomics	macroeconomic	NOUN
fbem-13195	133	2	,	,	PUNCT
fbem-13195	133	3	(	(	PUNCT
fbem-13195	133	4	06	06	NUM
fbem-13195	133	5	):	):	PUNCT
fbem-13195	133	6	3739	3739	NUM
fbem-13195	133	7	.	.	PUNCT
fbem-13195	134	1	[	[	X
fbem-13195	134	2	15	15	NUM
fbem-13195	134	3	]	]	X
fbem-13195	134	4	wang	wang	PROPN
fbem-13195	134	5	,	,	PUNCT
fbem-13195	134	6	g.	g.	PROPN
fbem-13195	134	7	(	(	PUNCT
fbem-13195	134	8	2003	2003	NUM
fbem-13195	134	9	)	)	PUNCT
fbem-13195	134	10	research	research	NOUN
fbem-13195	134	11	on	on	ADP
fbem-13195	134	12	the	the	DET
fbem-13195	134	13	scale	scale	NOUN
fbem-13195	134	14	of	of	ADP
fbem-13195	134	15	china	china	PROPN
fbem-13195	134	16	's	's	PART
fbem-13195	134	17	foreign	foreign	ADJ
fbem-13195	134	18	exchange	exchange	NOUN
fbem-13195	134	19	reserves	reserve	NOUN
fbem-13195	134	20	.	.	PUNCT
fbem-13195	135	1	contemporary	contemporary	ADJ
fbem-13195	135	2	finance	finance	PROPN
fbem-13195	135	3	&	&	CCONJ
fbem-13195	135	4	economics	economic	NOUN
fbem-13195	135	5	,	,	PUNCT
fbem-13195	135	6	(	(	PUNCT
fbem-13195	135	7	02	02	NUM
fbem-13195	135	8	):	):	PUNCT
fbem-13195	135	9	46	46	NUM
fbem-13195	135	10	-	-	SYM
fbem-13195	135	11	49	49	NUM
fbem-13195	135	12	+	+	NOUN
fbem-13195	135	13	55	55	NUM
fbem-13195	135	14	.	.	PUNCT
fbem-13195	136	1	[	[	X
fbem-13195	136	2	16	16	NUM
fbem-13195	136	3	]	]	X
fbem-13195	136	4	liu	liu	PROPN
fbem-13195	136	5	,	,	PUNCT
fbem-13195	136	6	l.	l.	PROPN
fbem-13195	136	7	,	,	PUNCT
fbem-13195	136	8	ren	ren	PROPN
fbem-13195	136	9	,	,	PUNCT
fbem-13195	136	10	r.	r.	PROPN
fbem-13195	136	11	(	(	PUNCT
fbem-13195	136	12	2004	2004	NUM
fbem-13195	136	13	)	)	PUNCT
fbem-13195	136	14	measurement	measurement	NOUN
fbem-13195	136	15	and	and	CCONJ
fbem-13195	136	16	analysis	analysis	NOUN
fbem-13195	136	17	of	of	ADP
fbem-13195	136	18	the	the	DET
fbem-13195	136	19	adequate	adequate	ADJ
fbem-13195	136	20	size	size	NOUN
fbem-13195	136	21	of	of	ADP
fbem-13195	136	22	china	china	PROPN
fbem-13195	136	23	's	's	PART
fbem-13195	136	24	foreign	foreign	ADJ
fbem-13195	136	25	exchange	exchange	NOUN
fbem-13195	136	26	reserves	reserve	NOUN
fbem-13195	136	27	.	.	PUNCT
fbem-13195	137	1	finance	finance	NOUN
fbem-13195	137	2	&	&	CCONJ
fbem-13195	137	3	trade	trade	NOUN
fbem-13195	137	4	economics	economic	NOUN
fbem-13195	137	5	,	,	PUNCT
fbem-13195	137	6	(	(	PUNCT
fbem-13195	137	7	05	05	NUM
fbem-13195	137	8	):	):	PUNCT
fbem-13195	137	9	61	61	NUM
fbem-13195	137	10	-	-	SYM
fbem-13195	137	11	68	68	NUM
fbem-13195	137	12	.	.	PUNCT
fbem-13195	138	1	[	[	X
fbem-13195	138	2	17	17	NUM
fbem-13195	138	3	]	]	SYM
fbem-13195	138	4	li	li	PROPN
fbem-13195	138	5	,	,	PUNCT
fbem-13195	138	6	w.	w.	PROPN
fbem-13195	138	7	,	,	PUNCT
fbem-13195	138	8	zhang	zhang	PROPN
fbem-13195	138	9	,	,	PUNCT
fbem-13195	138	10	z.	z.	PROPN
fbem-13195	138	11	(	(	PUNCT
fbem-13195	138	12	2009	2009	NUM
fbem-13195	138	13	)	)	PUNCT
fbem-13195	138	14	an	an	DET
fbem-13195	138	15	analytical	analytical	ADJ
fbem-13195	138	16	framework	framework	NOUN
fbem-13195	138	17	of	of	ADP
fbem-13195	138	18	china	china	PROPN
fbem-13195	138	19	foreign	foreign	PROPN
fbem-13195	138	20	exchange	exchange	NOUN
fbem-13195	138	21	reserves	reserve	NOUN
fbem-13195	138	22	:	:	PUNCT
fbem-13195	138	23	based	base	VERB
fbem-13195	138	24	on	on	ADP
fbem-13195	138	25	financial	financial	ADJ
fbem-13195	138	26	stability	stability	NOUN
fbem-13195	138	27	and	and	CCONJ
fbem-13195	138	28	appropriate	appropriate	ADJ
fbem-13195	138	29	scale	scale	NOUN
fbem-13195	138	30	.	.	PUNCT
fbem-13195	139	1	economic	economic	ADJ
fbem-13195	139	2	research	research	NOUN
fbem-13195	139	3	journal	journal	NOUN
fbem-13195	139	4	,	,	PUNCT
fbem-13195	139	5	44(08	44(08	NUM
fbem-13195	139	6	):	):	PUNCT
fbem-13195	139	7	27	27	NUM
fbem-13195	139	8	-	-	SYM
fbem-13195	139	9	36	36	NUM
fbem-13195	139	10	.	.	PUNCT
fbem-13195	140	1	[	[	X
fbem-13195	140	2	18	18	NUM
fbem-13195	140	3	]	]	X
fbem-13195	140	4	liu	liu	PROPN
fbem-13195	140	5	,	,	PUNCT
fbem-13195	140	6	b.	b.	PROPN
fbem-13195	140	7	(	(	PUNCT
fbem-13195	140	8	2003	2003	NUM
fbem-13195	140	9	)	)	PUNCT
fbem-13195	140	10	empirical	empirical	ADJ
fbem-13195	140	11	analysis	analysis	NOUN
fbem-13195	140	12	of	of	ADP
fbem-13195	140	13	changes	change	NOUN
fbem-13195	140	14	in	in	ADP
fbem-13195	140	15	foreign	foreign	ADJ
fbem-13195	140	16	exchange	exchange	NOUN
fbem-13195	140	17	reserves	reserve	NOUN
fbem-13195	140	18	.	.	PUNCT
fbem-13195	141	1	economic	economic	ADJ
fbem-13195	141	2	review	review	NOUN
fbem-13195	141	3	,	,	PUNCT
fbem-13195	141	4	(	(	PUNCT
fbem-13195	141	5	02	02	NUM
fbem-13195	141	6	):	):	PUNCT
fbem-13195	141	7	114	114	NUM
fbem-13195	141	8	-	-	SYM
fbem-13195	141	9	117	117	NUM
fbem-13195	141	10	.	.	PUNCT
fbem-13195	142	1	[	[	X
fbem-13195	142	2	19	19	NUM
fbem-13195	142	3	]	]	X
fbem-13195	142	4	zhang	zhang	PROPN
fbem-13195	142	5	,	,	PUNCT
fbem-13195	142	6	j.	j.	PROPN
fbem-13195	142	7	,	,	PUNCT
fbem-13195	142	8	zhao	zhao	PROPN
fbem-13195	142	9	,	,	PUNCT
fbem-13195	142	10	z.	z.	PROPN
fbem-13195	142	11	(	(	PUNCT
fbem-13195	142	12	2005	2005	NUM
fbem-13195	142	13	)	)	PUNCT
fbem-13195	142	14	the	the	DET
fbem-13195	142	15	necessity	necessity	NOUN
fbem-13195	142	16	of	of	ADP
fbem-13195	142	17	modestly	modestly	ADV
fbem-13195	142	18	expanding	expand	VERB
fbem-13195	142	19	the	the	DET
fbem-13195	142	20	size	size	NOUN
fbem-13195	142	21	of	of	ADP
fbem-13195	142	22	china	china	PROPN
fbem-13195	142	23	's	's	PART
fbem-13195	142	24	foreign	foreign	ADJ
fbem-13195	142	25	exchange	exchange	NOUN
fbem-13195	142	26	reserves	reserve	NOUN
fbem-13195	142	27	.	.	PUNCT
fbem-13195	143	1	journal	journal	PROPN
fbem-13195	143	2	of	of	ADP
fbem-13195	143	3	hebei	hebei	PROPN
fbem-13195	143	4	geo	geo	PROPN
fbem-13195	143	5	university	university	PROPN
fbem-13195	143	6	,	,	PUNCT
fbem-13195	143	7	(	(	PUNCT
fbem-13195	143	8	01	01	NUM
fbem-13195	143	9	):	):	PUNCT
fbem-13195	143	10	60	60	NUM
fbem-13195	143	11	-	-	SYM
fbem-13195	143	12	63	63	NUM
fbem-13195	143	13	+	+	SYM
fbem-13195	143	14	67	67	NUM
fbem-13195	143	15	.	.	PUNCT
fbem-13195	144	1	101	101	NUM
fbem-13195	144	2	[	[	SYM
fbem-13195	144	3	20	20	NUM
fbem-13195	144	4	]	]	X
fbem-13195	144	5	huang	huang	PROPN
fbem-13195	144	6	,	,	PUNCT
fbem-13195	144	7	p.	p.	PROPN
fbem-13195	144	8	,	,	PUNCT
fbem-13195	144	9	chen	chen	PROPN
fbem-13195	144	10	,	,	PUNCT
fbem-13195	144	11	j.	j.	PROPN
fbem-13195	144	12	(	(	PUNCT
fbem-13195	144	13	2006	2006	NUM
fbem-13195	144	14	)	)	PUNCT
fbem-13195	144	15	dynamic	dynamic	ADJ
fbem-13195	144	16	analysis	analysis	NOUN
fbem-13195	144	17	to	to	ADP
fbem-13195	144	18	the	the	DET
fbem-13195	144	19	desired	desire	VERB
fbem-13195	144	20	foreign	foreign	ADJ
fbem-13195	144	21	exchange	exchange	NOUN
fbem-13195	144	22	reserves	reserve	NOUN
fbem-13195	144	23	in	in	ADP
fbem-13195	144	24	china	china	PROPN
fbem-13195	144	25	.	.	PUNCT
fbem-13195	145	1	journal	journal	PROPN
fbem-13195	145	2	of	of	ADP
fbem-13195	145	3	jiangsu	jiangsu	PROPN
fbem-13195	145	4	ocean	ocean	PROPN
fbem-13195	145	5	university(natural	university(natural	PROPN
fbem-13195	145	6	science	science	NOUN
fbem-13195	145	7	edition	edition	NOUN
fbem-13195	145	8	)	)	PUNCT
fbem-13195	145	9	,	,	PUNCT
fbem-13195	145	10	(	(	PUNCT
fbem-13195	145	11	03	03	NUM
fbem-13195	145	12	):	):	PUNCT
fbem-13195	145	13	77	77	NUM
fbem-13195	145	14	-	-	SYM
fbem-13195	145	15	80	80	NUM
fbem-13195	145	16	.	.	PUNCT
fbem-13195	146	1	[	[	X
fbem-13195	146	2	21	21	NUM
fbem-13195	146	3	]	]	X
fbem-13195	146	4	tang	tang	PROPN
fbem-13195	146	5	,	,	PUNCT
fbem-13195	146	6	l.	l.	PROPN
fbem-13195	146	7	,	,	PUNCT
fbem-13195	146	8	ou	ou	PROPN
fbem-13195	146	9	y.	y.	PROPN
fbem-13195	146	10	,	,	PUNCT
fbem-13195	146	11	pi	pi	PROPN
fbem-13195	146	12	,	,	PUNCT
fbem-13195	146	13	f.	f.	PROPN
fbem-13195	146	14	(	(	PUNCT
fbem-13195	146	15	2014	2014	NUM
fbem-13195	146	16	)	)	PUNCT
fbem-13195	146	17	the	the	DET
fbem-13195	146	18	co	co	NOUN
fbem-13195	146	19	-	-	NOUN
fbem-13195	146	20	movement	movement	NOUN
fbem-13195	146	21	of	of	ADP
fbem-13195	146	22	foreign	foreign	ADJ
fbem-13195	146	23	exchange	exchange	NOUN
fbem-13195	146	24	reserve	reserve	NOUN
fbem-13195	146	25	volatility	volatility	NOUN
fbem-13195	146	26	in	in	ADP
fbem-13195	146	27	the	the	DET
fbem-13195	146	28	brics	bric	NOUN
fbem-13195	146	29	countries	country	NOUN
fbem-13195	146	30	and	and	CCONJ
fbem-13195	146	31	its	its	PRON
fbem-13195	146	32	influencing	influence	VERB
fbem-13195	146	33	factors	factor	NOUN
fbem-13195	146	34	.	.	PUNCT
fbem-13195	147	1	economic	economic	ADJ
fbem-13195	147	2	research	research	NOUN
fbem-13195	147	3	journal	journal	NOUN
fbem-13195	147	4	,	,	PUNCT
fbem-13195	147	5	49(01	49(01	NUM
fbem-13195	147	6	):	):	PUNCT
fbem-13195	147	7	112126	112126	NUM
fbem-13195	147	8	.	.	PUNCT