id	sid	tid	token	lemma	pos
gujaf-80	1	1	gusau	gusau	PROPN
gujaf-80	1	2	journal	journal	NOUN
gujaf-80	1	3	of	of	ADP
gujaf-80	1	4	accounting	accounting	NOUN
gujaf-80	1	5	and	and	CCONJ
gujaf-80	1	6	finance	finance	NOUN
gujaf-80	1	7	,	,	PUNCT
gujaf-80	1	8	vol	vol	NOUN
gujaf-80	1	9	.	.	PROPN
gujaf-80	1	10	2	2	NUM
gujaf-80	1	11	,	,	PUNCT
gujaf-80	1	12	issue	issue	NOUN
gujaf-80	1	13	3	3	NUM
gujaf-80	1	14	,	,	PUNCT
gujaf-80	1	15	april	april	PROPN
gujaf-80	1	16	,	,	PUNCT
gujaf-80	1	17	2021	2021	NUM
gujaf-80	1	18	1	1	NUM
gujaf-80	1	19	gusau	gusau	ADJ
gujaf-80	1	20	journal	journal	NOUN
gujaf-80	1	21	of	of	ADP
gujaf-80	1	22	accounting	accounting	NOUN
gujaf-80	1	23	and	and	CCONJ
gujaf-80	1	24	finance	finance	NOUN
gujaf-80	1	25	(	(	PUNCT
gujaf-80	1	26	gujaf	gujaf	NOUN
gujaf-80	1	27	)	)	PUNCT
gujaf-80	1	28	vol	vol	NOUN
gujaf-80	1	29	.	.	NOUN
gujaf-80	1	30	2	2	NUM
gujaf-80	1	31	issue	issue	NOUN
gujaf-80	1	32	3	3	NUM
gujaf-80	1	33	,	,	PUNCT
gujaf-80	1	34	april	april	PROPN
gujaf-80	1	35	,	,	PUNCT
gujaf-80	1	36	2021	2021	NUM
gujaf-80	1	37	issn	issn	X
gujaf-80	1	38	:	:	PUNCT
gujaf-80	1	39	2756	2756	NUM
gujaf-80	1	40	-	-	PUNCT
gujaf-80	1	41	665x	665x	NOUN
gujaf-80	1	42	a	a	DET
gujaf-80	1	43	publication	publication	NOUN
gujaf-80	1	44	of	of	ADP
gujaf-80	1	45	department	department	NOUN
gujaf-80	1	46	of	of	ADP
gujaf-80	1	47	accounting	accounting	NOUN
gujaf-80	1	48	and	and	CCONJ
gujaf-80	1	49	finance	finance	NOUN
gujaf-80	1	50	,	,	PUNCT
gujaf-80	1	51	faculty	faculty	NOUN
gujaf-80	1	52	of	of	ADP
gujaf-80	1	53	management	management	NOUN
gujaf-80	1	54	and	and	CCONJ
gujaf-80	1	55	social	social	ADJ
gujaf-80	1	56	sciences	science	NOUN
gujaf-80	1	57	,	,	PUNCT
gujaf-80	1	58	federal	federal	ADJ
gujaf-80	1	59	university	university	NOUN
gujaf-80	1	60	gusau	gusau	NOUN
gujaf-80	1	61	,	,	PUNCT
gujaf-80	1	62	zamfara	zamfara	PROPN
gujaf-80	1	63	state	state	PROPN
gujaf-80	1	64	–	–	PUNCT
gujaf-80	1	65	nigeria	nigeria	PROPN
gujaf-80	1	66	gusau	gusau	PROPN
gujaf-80	1	67	journal	journal	PROPN
gujaf-80	1	68	of	of	ADP
gujaf-80	1	69	accounting	accounting	NOUN
gujaf-80	1	70	and	and	CCONJ
gujaf-80	1	71	finance	finance	NOUN
gujaf-80	1	72	,	,	PUNCT
gujaf-80	1	73	vol	vol	NOUN
gujaf-80	1	74	.	.	PROPN
gujaf-80	1	75	2	2	NUM
gujaf-80	1	76	,	,	PUNCT
gujaf-80	1	77	issue	issue	NOUN
gujaf-80	1	78	3	3	NUM
gujaf-80	1	79	,	,	PUNCT
gujaf-80	1	80	april	april	PROPN
gujaf-80	1	81	,	,	PUNCT
gujaf-80	1	82	2021	2021	NUM
gujaf-80	1	83	2	2	NUM
gujaf-80	1	84	foreign	foreign	ADJ
gujaf-80	1	85	reserve	reserve	NOUN
gujaf-80	1	86	accumulation	accumulation	NOUN
gujaf-80	1	87	and	and	CCONJ
gujaf-80	1	88	macro	macro	ADJ
gujaf-80	1	89	economic	economic	ADJ
gujaf-80	1	90	variables	variable	NOUN
gujaf-80	1	91	of	of	ADP
gujaf-80	1	92	sub	sub	ADJ
gujaf-80	1	93	-	-	ADJ
gujaf-80	1	94	saharan	saharan	ADJ
gujaf-80	1	95	african	african	ADJ
gujaf-80	1	96	countries	country	NOUN
gujaf-80	1	97	aminu	aminu	PROPN
gujaf-80	1	98	abdullahi	abdullahi	PROPN
gujaf-80	1	99	,	,	PUNCT
gujaf-80	1	100	phd	phd	PROPN
gujaf-80	1	101	department	department	PROPN
gujaf-80	1	102	of	of	ADP
gujaf-80	1	103	accounting	accounting	PROPN
gujaf-80	1	104	usmanu	usmanu	PROPN
gujaf-80	1	105	danfodiyio	danfodiyio	PROPN
gujaf-80	1	106	university	university	PROPN
gujaf-80	1	107	,	,	PUNCT
gujaf-80	1	108	sokoto	sokoto	PROPN
gujaf-80	1	109	aminkaura.aa@gmail.com	aminkaura.aa@gmail.com	PROPN
gujaf-80	1	110	aduma	aduma	PROPN
gujaf-80	1	111	oko	oko	PROPN
gujaf-80	1	112	aduma	aduma	PROPN
gujaf-80	1	113	department	department	PROPN
gujaf-80	1	114	of	of	ADP
gujaf-80	1	115	economics	economics	PROPN
gujaf-80	1	116	usmanu	usmanu	PROPN
gujaf-80	1	117	danfodiyo	danfodiyo	PROPN
gujaf-80	1	118	university	university	PROPN
gujaf-80	1	119	,	,	PUNCT
gujaf-80	1	120	sokoto	sokoto	PROPN
gujaf-80	1	121	.	.	PUNCT
gujaf-80	2	1	aokoaduma@gmail.com	aokoaduma@gmail.com	PROPN
gujaf-80	2	2	mutairu	mutairu	PROPN
gujaf-80	2	3	shaka	shaka	PROPN
gujaf-80	2	4	eromise	eromise	PROPN
gujaf-80	2	5	department	department	PROPN
gujaf-80	2	6	of	of	ADP
gujaf-80	2	7	economics	economics	PROPN
gujaf-80	2	8	usmanu	usmanu	PROPN
gujaf-80	2	9	danfodiyo	danfodiyo	PROPN
gujaf-80	2	10	university	university	PROPN
gujaf-80	2	11	,	,	PUNCT
gujaf-80	2	12	sokoto	sokoto	PROPN
gujaf-80	2	13	.	.	PUNCT
gujaf-80	3	1	mutairushaka@gmail.com	mutairushaka@gmail.com	X
gujaf-80	4	1	abstract	abstract	ADJ
gujaf-80	4	2	this	this	DET
gujaf-80	4	3	study	study	NOUN
gujaf-80	4	4	investigates	investigate	VERB
gujaf-80	4	5	the	the	DET
gujaf-80	4	6	effect	effect	NOUN
gujaf-80	4	7	of	of	ADP
gujaf-80	4	8	foreign	foreign	ADJ
gujaf-80	4	9	exchange	exchange	NOUN
gujaf-80	4	10	reserves	reserve	NOUN
gujaf-80	4	11	accumulation	accumulation	NOUN
gujaf-80	4	12	on	on	ADP
gujaf-80	4	13	economic	economic	ADJ
gujaf-80	4	14	stability	stability	NOUN
gujaf-80	4	15	proxied	proxie	VERB
gujaf-80	4	16	by	by	ADP
gujaf-80	4	17	inflation	inflation	NOUN
gujaf-80	4	18	,	,	PUNCT
gujaf-80	4	19	unemployment	unemployment	NOUN
gujaf-80	4	20	,	,	PUNCT
gujaf-80	4	21	exports	export	NOUN
gujaf-80	4	22	and	and	CCONJ
gujaf-80	4	23	gdp	gdp	NOUN
gujaf-80	4	24	for	for	ADP
gujaf-80	4	25	a	a	DET
gujaf-80	4	26	sample	sample	NOUN
gujaf-80	4	27	of	of	ADP
gujaf-80	4	28	49	49	NUM
gujaf-80	4	29	sub	sub	ADJ
gujaf-80	4	30	-	-	ADJ
gujaf-80	4	31	saharan	saharan	ADJ
gujaf-80	4	32	african	african	ADJ
gujaf-80	4	33	countries	country	NOUN
gujaf-80	4	34	for	for	ADP
gujaf-80	4	35	the	the	DET
gujaf-80	4	36	periods	period	NOUN
gujaf-80	4	37	20092018	20092018	NUM
gujaf-80	4	38	using	use	VERB
gujaf-80	4	39	panel	panel	NOUN
gujaf-80	4	40	(	(	PUNCT
gujaf-80	4	41	longitudinal	longitudinal	ADJ
gujaf-80	4	42	)	)	PUNCT
gujaf-80	4	43	fixed	fix	VERB
gujaf-80	4	44	model	model	NOUN
gujaf-80	4	45	.	.	PUNCT
gujaf-80	5	1	findings	finding	NOUN
gujaf-80	5	2	from	from	ADP
gujaf-80	5	3	this	this	DET
gujaf-80	5	4	study	study	NOUN
gujaf-80	5	5	reveal	reveal	VERB
gujaf-80	5	6	that	that	SCONJ
gujaf-80	5	7	foreign	foreign	ADJ
gujaf-80	5	8	exchange	exchange	NOUN
gujaf-80	5	9	reserves	reserve	NOUN
gujaf-80	5	10	have	have	VERB
gujaf-80	5	11	a	a	DET
gujaf-80	5	12	significant	significant	ADJ
gujaf-80	5	13	negative	negative	ADJ
gujaf-80	5	14	effect	effect	NOUN
gujaf-80	5	15	on	on	ADP
gujaf-80	5	16	unemployment	unemployment	NOUN
gujaf-80	5	17	and	and	CCONJ
gujaf-80	5	18	inflation	inflation	NOUN
gujaf-80	5	19	;	;	PUNCT
gujaf-80	5	20	however	however	ADV
gujaf-80	5	21	,	,	PUNCT
gujaf-80	5	22	it	it	PRON
gujaf-80	5	23	shows	show	VERB
gujaf-80	5	24	a	a	DET
gujaf-80	5	25	significant	significant	ADJ
gujaf-80	5	26	positive	positive	ADJ
gujaf-80	5	27	effect	effect	NOUN
gujaf-80	5	28	on	on	ADP
gujaf-80	5	29	export	export	NOUN
gujaf-80	5	30	and	and	CCONJ
gujaf-80	5	31	gross	gross	ADJ
gujaf-80	5	32	domestic	domestic	ADJ
gujaf-80	5	33	product	product	NOUN
gujaf-80	5	34	(	(	PUNCT
gujaf-80	5	35	gdp	gdp	NOUN
gujaf-80	5	36	.	.	PUNCT
gujaf-80	6	1	to	to	PART
gujaf-80	6	2	improve	improve	VERB
gujaf-80	6	3	the	the	DET
gujaf-80	6	4	overall	overall	ADJ
gujaf-80	6	5	economy	economy	NOUN
gujaf-80	6	6	of	of	ADP
gujaf-80	6	7	the	the	DET
gujaf-80	6	8	listed	list	VERB
gujaf-80	6	9	sub	sub	ADJ
gujaf-80	6	10	-	-	ADJ
gujaf-80	6	11	saharan	saharan	ADJ
gujaf-80	6	12	countries	country	NOUN
gujaf-80	6	13	,	,	PUNCT
gujaf-80	6	14	the	the	DET
gujaf-80	6	15	paper	paper	NOUN
gujaf-80	6	16	therefore	therefore	ADV
gujaf-80	6	17	recommends	recommend	VERB
gujaf-80	6	18	sub	sub	ADJ
gujaf-80	6	19	-	-	ADJ
gujaf-80	6	20	saharan	saharan	ADJ
gujaf-80	6	21	african	african	ADJ
gujaf-80	6	22	countries	country	NOUN
gujaf-80	6	23	to	to	PART
gujaf-80	6	24	adopt	adopt	VERB
gujaf-80	6	25	a	a	DET
gujaf-80	6	26	mixture	mixture	NOUN
gujaf-80	6	27	of	of	ADP
gujaf-80	6	28	investment	investment	NOUN
gujaf-80	6	29	friendly	friendly	ADJ
gujaf-80	6	30	and	and	CCONJ
gujaf-80	6	31	direct	direct	ADJ
gujaf-80	6	32	unemployment	unemployment	NOUN
gujaf-80	6	33	reduction	reduction	NOUN
gujaf-80	6	34	polices	police	NOUN
gujaf-80	6	35	by	by	ADP
gujaf-80	6	36	reinvesting	reinveste	VERB
gujaf-80	6	37	investible	investible	ADJ
gujaf-80	6	38	surplus	surplus	NOUN
gujaf-80	6	39	into	into	ADP
gujaf-80	6	40	inflationary	inflationary	ADJ
gujaf-80	6	41	controllable	controllable	ADJ
gujaf-80	6	42	and	and	CCONJ
gujaf-80	6	43	productivity	productivity	NOUN
gujaf-80	6	44	boosting	boost	VERB
gujaf-80	6	45	policies	policy	NOUN
gujaf-80	6	46	that	that	PRON
gujaf-80	6	47	will	will	AUX
gujaf-80	6	48	stimulate	stimulate	VERB
gujaf-80	6	49	economic	economic	ADJ
gujaf-80	6	50	prowess	prowess	NOUN
gujaf-80	6	51	rather	rather	ADV
gujaf-80	6	52	than	than	ADP
gujaf-80	6	53	keeping	keep	VERB
gujaf-80	6	54	this	this	DET
gujaf-80	6	55	huge	huge	ADJ
gujaf-80	6	56	amount	amount	NOUN
gujaf-80	6	57	of	of	ADP
gujaf-80	6	58	resources	resource	NOUN
gujaf-80	6	59	redundant	redundant	ADJ
gujaf-80	6	60	.	.	PUNCT
gujaf-80	7	1	keywords	keyword	NOUN
gujaf-80	7	2	:	:	PUNCT
gujaf-80	7	3	foreign	foreign	ADJ
gujaf-80	7	4	exchange	exchange	NOUN
gujaf-80	7	5	reserve	reserve	NOUN
gujaf-80	7	6	,	,	PUNCT
gujaf-80	7	7	economic	economic	ADJ
gujaf-80	7	8	stability	stability	NOUN
gujaf-80	7	9	,	,	PUNCT
gujaf-80	7	10	sub	sub	ADJ
gujaf-80	7	11	-	-	ADJ
gujaf-80	7	12	saharan	saharan	ADJ
gujaf-80	7	13	african	african	ADJ
gujaf-80	7	14	countries	country	NOUN
gujaf-80	7	15	.	.	PUNCT
gujaf-80	8	1	1	1	X
gujaf-80	8	2	.	.	X
gujaf-80	8	3	introduction	introduction	NOUN
gujaf-80	8	4	following	follow	VERB
gujaf-80	8	5	the	the	DET
gujaf-80	8	6	aftermath	aftermath	NOUN
gujaf-80	8	7	of	of	ADP
gujaf-80	8	8	the	the	DET
gujaf-80	8	9	east	east	ADJ
gujaf-80	8	10	-	-	PUNCT
gujaf-80	8	11	asian	asian	ADJ
gujaf-80	8	12	financial	financial	ADJ
gujaf-80	8	13	crises	crisis	NOUN
gujaf-80	8	14	experience	experience	NOUN
gujaf-80	8	15	of	of	ADP
gujaf-80	8	16	the	the	DET
gujaf-80	8	17	1990s	1990	NOUN
gujaf-80	8	18	,	,	PUNCT
gujaf-80	8	19	where	where	SCONJ
gujaf-80	8	20	most	most	ADJ
gujaf-80	8	21	asian	asian	ADJ
gujaf-80	8	22	emerging	emerge	VERB
gujaf-80	8	23	markets	market	NOUN
gujaf-80	8	24	began	begin	VERB
gujaf-80	8	25	accumulating	accumulate	VERB
gujaf-80	8	26	foreign	foreign	ADJ
gujaf-80	8	27	currencies	currency	NOUN
gujaf-80	8	28	,	,	PUNCT
gujaf-80	8	29	and	and	CCONJ
gujaf-80	8	30	the	the	DET
gujaf-80	8	31	subsequent	subsequent	ADJ
gujaf-80	8	32	economic	economic	ADJ
gujaf-80	8	33	prowess	prowess	NOUN
gujaf-80	8	34	attributed	attribute	VERB
gujaf-80	8	35	to	to	ADP
gujaf-80	8	36	these	these	DET
gujaf-80	8	37	countries	country	NOUN
gujaf-80	8	38	.	.	PUNCT
gujaf-80	9	1	consequent	consequent	ADJ
gujaf-80	9	2	upon	upon	SCONJ
gujaf-80	9	3	the	the	DET
gujaf-80	9	4	adoption	adoption	NOUN
gujaf-80	9	5	of	of	ADP
gujaf-80	9	6	the	the	DET
gujaf-80	9	7	modern	modern	ADJ
gujaf-80	9	8	mercantilist	mercantilist	NOUN
gujaf-80	9	9	approach	approach	NOUN
gujaf-80	9	10	as	as	SCONJ
gujaf-80	9	11	opposed	oppose	VERB
gujaf-80	9	12	to	to	ADP
gujaf-80	9	13	the	the	DET
gujaf-80	9	14	existing	exist	VERB
gujaf-80	9	15	monetarist	monetarist	ADJ
gujaf-80	9	16	view	view	NOUN
gujaf-80	9	17	of	of	ADP
gujaf-80	9	18	fiscal	fiscal	ADJ
gujaf-80	9	19	management	management	NOUN
gujaf-80	9	20	which	which	PRON
gujaf-80	9	21	ultimately	ultimately	ADV
gujaf-80	9	22	led	lead	VERB
gujaf-80	9	23	to	to	ADP
gujaf-80	9	24	the	the	DET
gujaf-80	9	25	crises	crisis	NOUN
gujaf-80	9	26	(	(	PUNCT
gujaf-80	9	27	aizenman	aizenman	NOUN
gujaf-80	9	28	&	&	CCONJ
gujaf-80	9	29	lee	lee	PROPN
gujaf-80	9	30	,	,	PUNCT
gujaf-80	9	31	2005	2005	NUM
gujaf-80	9	32	)	)	PUNCT
gujaf-80	9	33	.	.	PUNCT
gujaf-80	10	1	most	most	ADJ
gujaf-80	10	2	developing	develop	VERB
gujaf-80	10	3	economies	economy	NOUN
gujaf-80	10	4	have	have	AUX
gujaf-80	10	5	opted	opt	VERB
gujaf-80	10	6	for	for	ADP
gujaf-80	10	7	this	this	DET
gujaf-80	10	8	strategy	strategy	NOUN
gujaf-80	10	9	.	.	PUNCT
gujaf-80	11	1	this	this	PRON
gujaf-80	11	2	has	have	AUX
gujaf-80	11	3	shown	show	VERB
gujaf-80	11	4	by	by	ADP
gujaf-80	11	5	the	the	DET
gujaf-80	11	6	upsurge	upsurge	NOUN
gujaf-80	11	7	in	in	ADP
gujaf-80	11	8	the	the	DET
gujaf-80	11	9	hoarding	hoarding	NOUN
gujaf-80	11	10	of	of	ADP
gujaf-80	11	11	large	large	ADJ
gujaf-80	11	12	international	international	ADJ
gujaf-80	11	13	reserves	reserve	NOUN
gujaf-80	11	14	in	in	ADP
gujaf-80	11	15	recent	recent	ADJ
gujaf-80	11	16	years	year	NOUN
gujaf-80	11	17	.	.	PUNCT
gujaf-80	12	1	contemporary	contemporary	ADJ
gujaf-80	12	2	literature	literature	NOUN
gujaf-80	12	3	on	on	ADP
gujaf-80	12	4	the	the	DET
gujaf-80	12	5	accumulation	accumulation	NOUN
gujaf-80	12	6	of	of	ADP
gujaf-80	12	7	these	these	DET
gujaf-80	12	8	currencies	currency	NOUN
gujaf-80	12	9	,	,	PUNCT
gujaf-80	12	10	however	however	ADV
gujaf-80	12	11	,	,	PUNCT
gujaf-80	12	12	serves	serve	VERB
gujaf-80	12	13	several	several	ADJ
gujaf-80	12	14	purposes	purpose	NOUN
gujaf-80	12	15	.	.	PUNCT
gujaf-80	13	1	the	the	DET
gujaf-80	13	2	presumptions	presumption	NOUN
gujaf-80	13	3	by	by	ADP
gujaf-80	13	4	earlier	early	ADJ
gujaf-80	13	5	and	and	CCONJ
gujaf-80	13	6	recent	recent	ADJ
gujaf-80	13	7	scholars	scholar	NOUN
gujaf-80	13	8	as	as	ADP
gujaf-80	13	9	the	the	DET
gujaf-80	13	10	justification	justification	NOUN
gujaf-80	13	11	behind	behind	ADP
gujaf-80	13	12	the	the	DET
gujaf-80	13	13	accumulation	accumulation	NOUN
gujaf-80	13	14	of	of	ADP
gujaf-80	13	15	foreign	foreign	ADJ
gujaf-80	13	16	exchange	exchange	NOUN
gujaf-80	13	17	reserve	reserve	NOUN
gujaf-80	13	18	(	(	PUNCT
gujaf-80	13	19	hereafter	hereafter	NOUN
gujaf-80	13	20	fer	fer	PROPN
gujaf-80	13	21	)	)	PUNCT
gujaf-80	13	22	,	,	PUNCT
gujaf-80	13	23	a	a	DET
gujaf-80	13	24	situation	situation	NOUN
gujaf-80	13	25	which	which	PRON
gujaf-80	13	26	has	have	AUX
gujaf-80	13	27	led	lead	VERB
gujaf-80	13	28	to	to	ADP
gujaf-80	13	29	what	what	PRON
gujaf-80	13	30	is	be	AUX
gujaf-80	13	31	now	now	ADV
gujaf-80	13	32	referred	refer	VERB
gujaf-80	13	33	to	to	ADP
gujaf-80	13	34	as	as	ADP
gujaf-80	13	35	competitive	competitive	ADJ
gujaf-80	13	36	hoarding	hoarding	NOUN
gujaf-80	13	37	(	(	PUNCT
gujaf-80	13	38	aizenman	aizenman	NOUN
gujaf-80	13	39	&	&	CCONJ
gujaf-80	13	40	lee	lee	PROPN
gujaf-80	13	41	,	,	PUNCT
gujaf-80	13	42	2007	2007	NUM
gujaf-80	13	43	)	)	PUNCT
gujaf-80	13	44	is	be	AUX
gujaf-80	13	45	that	that	SCONJ
gujaf-80	13	46	countries	country	NOUN
gujaf-80	13	47	use	use	VERB
gujaf-80	13	48	foreign	foreign	ADJ
gujaf-80	13	49	exchange	exchange	NOUN
gujaf-80	13	50	reserves	reserve	NOUN
gujaf-80	13	51	to	to	PART
gujaf-80	13	52	keep	keep	VERB
gujaf-80	13	53	the	the	DET
gujaf-80	13	54	value	value	NOUN
gujaf-80	13	55	of	of	ADP
gujaf-80	13	56	their	their	PRON
gujaf-80	13	57	currencies	currency	NOUN
gujaf-80	13	58	at	at	ADP
gujaf-80	13	59	fixed	fix	VERB
gujaf-80	13	60	rate	rate	NOUN
gujaf-80	13	61	.	.	PUNCT
gujaf-80	14	1	this	this	PRON
gujaf-80	14	2	is	be	AUX
gujaf-80	14	3	backed	back	VERB
gujaf-80	14	4	up	up	ADP
gujaf-80	14	5	by	by	ADP
gujaf-80	14	6	the	the	DET
gujaf-80	14	7	claim	claim	NOUN
gujaf-80	14	8	that	that	SCONJ
gujaf-80	14	9	stockpiling	stockpile	VERB
gujaf-80	14	10	foreign	foreign	ADJ
gujaf-80	14	11	currencies	currency	NOUN
gujaf-80	14	12	would	would	AUX
gujaf-80	14	13	raise	raise	VERB
gujaf-80	14	14	the	the	DET
gujaf-80	14	15	value	value	NOUN
gujaf-80	14	16	of	of	ADP
gujaf-80	14	17	these	these	DET
gujaf-80	14	18	currencies	currency	NOUN
gujaf-80	14	19	indirectly	indirectly	ADV
gujaf-80	14	20	making	make	VERB
gujaf-80	14	21	export	export	NOUN
gujaf-80	14	22	cheaper	cheap	ADJ
gujaf-80	14	23	and	and	CCONJ
gujaf-80	14	24	therefore	therefore	ADV
gujaf-80	14	25	,	,	PUNCT
gujaf-80	14	26	increasing	increase	VERB
gujaf-80	14	27	the	the	DET
gujaf-80	14	28	current	current	ADJ
gujaf-80	14	29	account	account	NOUN
gujaf-80	14	30	levels	level	NOUN
gujaf-80	14	31	of	of	ADP
gujaf-80	14	32	countries	country	NOUN
gujaf-80	14	33	.	.	PUNCT
gujaf-80	15	1	hoarding	hoard	VERB
gujaf-80	15	2	international	international	ADJ
gujaf-80	15	3	reserves	reserve	NOUN
gujaf-80	15	4	is	be	AUX
gujaf-80	15	5	part	part	NOUN
gujaf-80	15	6	of	of	ADP
gujaf-80	15	7	a	a	DET
gujaf-80	15	8	deliberate	deliberate	ADJ
gujaf-80	15	9	development	development	NOUN
gujaf-80	15	10	strategy	strategy	NOUN
gujaf-80	15	11	adopted	adopt	VERB
gujaf-80	15	12	by	by	ADP
gujaf-80	15	13	monetary	monetary	ADJ
gujaf-80	15	14	authorities	authority	NOUN
gujaf-80	15	15	by	by	ADP
gujaf-80	15	16	maintaining	maintain	VERB
gujaf-80	15	17	an	an	DET
gujaf-80	15	18	undervalued	undervalued	ADJ
gujaf-80	15	19	real	real	ADJ
gujaf-80	15	20	exchange	exchange	NOUN
gujaf-80	15	21	rate	rate	NOUN
gujaf-80	15	22	(	(	PUNCT
gujaf-80	15	23	dooley	dooley	NOUN
gujaf-80	15	24	,	,	PUNCT
gujaf-80	15	25	folkertslandu	folkertslandu	NOUN
gujaf-80	15	26	&	&	CCONJ
gujaf-80	15	27	garber	garber	PROPN
gujaf-80	15	28	,	,	PUNCT
gujaf-80	15	29	2005	2005	NUM
gujaf-80	15	30	)	)	PUNCT
gujaf-80	15	31	.	.	PUNCT
gujaf-80	16	1	second	second	ADJ
gujaf-80	16	2	reason	reason	NOUN
gujaf-80	16	3	is	be	AUX
gujaf-80	16	4	to	to	PART
gujaf-80	16	5	provide	provide	VERB
gujaf-80	16	6	confidence	confidence	NOUN
gujaf-80	16	7	and	and	CCONJ
gujaf-80	16	8	to	to	PART
gujaf-80	16	9	protect	protect	VERB
gujaf-80	16	10	foreign	foreign	ADJ
gujaf-80	16	11	and	and	CCONJ
gujaf-80	16	12	local	local	ADJ
gujaf-80	16	13	investments	investment	NOUN
gujaf-80	16	14	from	from	ADP
gujaf-80	16	15	financial	financial	ADJ
gujaf-80	16	16	and	and	CCONJ
gujaf-80	16	17	economic	economic	ADJ
gujaf-80	16	18	shocks	shock	NOUN
gujaf-80	16	19	(	(	PUNCT
gujaf-80	16	20	jeane	jeane	NOUN
gujaf-80	16	21	&	&	CCONJ
gujaf-80	16	22	wyplosz	wyplosz	PROPN
gujaf-80	16	23	,	,	PUNCT
gujaf-80	16	24	2001	2001	NUM
gujaf-80	16	25	)	)	PUNCT
gujaf-80	16	26	.	.	PUNCT
gujaf-80	17	1	this	this	DET
gujaf-80	17	2	particular	particular	ADJ
gujaf-80	17	3	reason	reason	NOUN
gujaf-80	17	4	has	have	AUX
gujaf-80	17	5	gained	gain	VERB
gujaf-80	17	6	a	a	DET
gujaf-80	17	7	lot	lot	NOUN
gujaf-80	17	8	mailto:aminkaura.aa@gmail.com	mailto:aminkaura.aa@gmail.com	X
gujaf-80	17	9	mailto:aokoaduma@gmail.com	mailto:aokoaduma@gmail.com	PROPN
gujaf-80	17	10	mailto:mutairushaka@gmail.com	mailto:mutairushaka@gmail.com	PROPN
gujaf-80	18	1	gusau	gusau	PROPN
gujaf-80	18	2	journal	journal	PROPN
gujaf-80	18	3	of	of	ADP
gujaf-80	18	4	accounting	accounting	NOUN
gujaf-80	18	5	and	and	CCONJ
gujaf-80	18	6	finance	finance	NOUN
gujaf-80	18	7	,	,	PUNCT
gujaf-80	18	8	vol	vol	NOUN
gujaf-80	18	9	.	.	PROPN
gujaf-80	18	10	2	2	NUM
gujaf-80	18	11	,	,	PUNCT
gujaf-80	18	12	issue	issue	NOUN
gujaf-80	18	13	3	3	NUM
gujaf-80	18	14	,	,	PUNCT
gujaf-80	18	15	april	april	PROPN
gujaf-80	18	16	,	,	PUNCT
gujaf-80	18	17	2021	2021	NUM
gujaf-80	18	18	3	3	NUM
gujaf-80	18	19	of	of	ADP
gujaf-80	18	20	attention	attention	NOUN
gujaf-80	18	21	from	from	ADP
gujaf-80	18	22	scholars	scholar	NOUN
gujaf-80	18	23	over	over	ADP
gujaf-80	18	24	the	the	DET
gujaf-80	18	25	years	year	NOUN
gujaf-80	18	26	.	.	PUNCT
gujaf-80	19	1	rather	rather	ADV
gujaf-80	19	2	than	than	ADP
gujaf-80	19	3	being	be	AUX
gujaf-80	19	4	a	a	DET
gujaf-80	19	5	buffer	buffer	NOUN
gujaf-80	19	6	to	to	PART
gujaf-80	19	7	absorb	absorb	VERB
gujaf-80	19	8	current	current	ADJ
gujaf-80	19	9	account	account	NOUN
gujaf-80	19	10	transitory	transitory	ADJ
gujaf-80	19	11	shock	shock	NOUN
gujaf-80	19	12	as	as	SCONJ
gujaf-80	19	13	emphasized	emphasize	VERB
gujaf-80	19	14	in	in	ADP
gujaf-80	19	15	earlier	early	ADJ
gujaf-80	19	16	literature	literature	NOUN
gujaf-80	19	17	,	,	PUNCT
gujaf-80	19	18	reserves	reserve	NOUN
gujaf-80	19	19	are	be	AUX
gujaf-80	19	20	seen	see	VERB
gujaf-80	19	21	as	as	ADP
gujaf-80	19	22	a	a	DET
gujaf-80	19	23	tool	tool	NOUN
gujaf-80	19	24	to	to	PART
gujaf-80	19	25	reduce	reduce	VERB
gujaf-80	19	26	the	the	DET
gujaf-80	19	27	incidence	incidence	NOUN
gujaf-80	19	28	of	of	ADP
gujaf-80	19	29	international	international	ADJ
gujaf-80	19	30	crises	crisis	NOUN
gujaf-80	19	31	(	(	PUNCT
gujaf-80	19	32	chang	chang	PROPN
gujaf-80	19	33	&	&	CCONJ
gujaf-80	19	34	volosco	volosco	PROPN
gujaf-80	19	35	,	,	PUNCT
gujaf-80	19	36	1999	1999	NUM
gujaf-80	19	37	:	:	PUNCT
gujaf-80	19	38	garcia	garcia	PROPN
gujaf-80	19	39	&	&	CCONJ
gujaf-80	19	40	soto	soto	PROPN
gujaf-80	19	41	,	,	PUNCT
gujaf-80	19	42	2003	2003	NUM
gujaf-80	19	43	)	)	PUNCT
gujaf-80	19	44	.	.	PUNCT
gujaf-80	20	1	most	most	ADV
gujaf-80	20	2	importantly	importantly	ADV
gujaf-80	20	3	,	,	PUNCT
gujaf-80	20	4	foreign	foreign	ADJ
gujaf-80	20	5	exchange	exchange	NOUN
gujaf-80	20	6	reserves	reserve	NOUN
gujaf-80	20	7	are	be	AUX
gujaf-80	20	8	kept	keep	VERB
gujaf-80	20	9	to	to	PART
gujaf-80	20	10	maintain	maintain	VERB
gujaf-80	20	11	liquidity	liquidity	NOUN
gujaf-80	20	12	,	,	PUNCT
gujaf-80	20	13	this	this	PRON
gujaf-80	20	14	performs	perform	VERB
gujaf-80	20	15	the	the	DET
gujaf-80	20	16	critical	critical	ADJ
gujaf-80	20	17	function	function	NOUN
gujaf-80	20	18	of	of	ADP
gujaf-80	20	19	providing	provide	VERB
gujaf-80	20	20	safety	safety	NOUN
gujaf-80	20	21	against	against	ADP
gujaf-80	20	22	inflation	inflation	NOUN
gujaf-80	20	23	and	and	CCONJ
gujaf-80	20	24	recession	recession	NOUN
gujaf-80	20	25	that	that	PRON
gujaf-80	20	26	may	may	AUX
gujaf-80	20	27	occur	occur	VERB
gujaf-80	20	28	during	during	ADP
gujaf-80	20	29	a	a	DET
gujaf-80	20	30	major	major	ADJ
gujaf-80	20	31	economic	economic	ADJ
gujaf-80	20	32	,	,	PUNCT
gujaf-80	20	33	political	political	ADJ
gujaf-80	20	34	and	and	CCONJ
gujaf-80	20	35	natural	natural	ADJ
gujaf-80	20	36	crisis	crisis	NOUN
gujaf-80	20	37	.	.	PUNCT
gujaf-80	21	1	another	another	DET
gujaf-80	21	2	reason	reason	NOUN
gujaf-80	21	3	is	be	AUX
gujaf-80	21	4	to	to	PART
gujaf-80	21	5	ensure	ensure	VERB
gujaf-80	21	6	that	that	SCONJ
gujaf-80	21	7	countries	country	NOUN
gujaf-80	21	8	have	have	VERB
gujaf-80	21	9	enough	enough	ADJ
gujaf-80	21	10	hard	hard	ADJ
gujaf-80	21	11	currencies	currency	NOUN
gujaf-80	21	12	to	to	PART
gujaf-80	21	13	meet	meet	VERB
gujaf-80	21	14	up	up	ADP
gujaf-80	21	15	with	with	ADP
gujaf-80	21	16	its	its	PRON
gujaf-80	21	17	external	external	ADJ
gujaf-80	21	18	obligations	obligation	NOUN
gujaf-80	21	19	such	such	ADJ
gujaf-80	21	20	as	as	ADP
gujaf-80	21	21	international	international	ADJ
gujaf-80	21	22	payment	payment	NOUN
gujaf-80	21	23	obligations	obligation	NOUN
gujaf-80	21	24	,	,	PUNCT
gujaf-80	21	25	membership	membership	NOUN
gujaf-80	21	26	of	of	ADP
gujaf-80	21	27	international	international	ADJ
gujaf-80	21	28	organization	organization	NOUN
gujaf-80	21	29	and	and	CCONJ
gujaf-80	21	30	debts	debt	NOUN
gujaf-80	21	31	payments	payment	NOUN
gujaf-80	21	32	(	(	PUNCT
gujaf-80	21	33	rodrik	rodrik	VERB
gujaf-80	21	34	,	,	PUNCT
gujaf-80	21	35	2006	2006	NUM
gujaf-80	21	36	;	;	PUNCT
gujaf-80	21	37	bianchi	bianchi	PROPN
gujaf-80	21	38	,	,	PUNCT
gujaf-80	21	39	hatchondo	hatchondo	PROPN
gujaf-80	21	40	&	&	CCONJ
gujaf-80	21	41	martinez	martinez	PROPN
gujaf-80	21	42	,	,	PUNCT
gujaf-80	21	43	2017	2017	NUM
gujaf-80	21	44	)	)	PUNCT
gujaf-80	21	45	.	.	PUNCT
gujaf-80	22	1	some	some	DET
gujaf-80	22	2	countries	country	NOUN
gujaf-80	22	3	use	use	VERB
gujaf-80	22	4	their	their	PRON
gujaf-80	22	5	foreign	foreign	ADJ
gujaf-80	22	6	reserves	reserve	NOUN
gujaf-80	22	7	to	to	PART
gujaf-80	22	8	fund	fund	VERB
gujaf-80	22	9	critical	critical	ADJ
gujaf-80	22	10	sectors	sector	NOUN
gujaf-80	22	11	in	in	ADP
gujaf-80	22	12	the	the	DET
gujaf-80	22	13	economy	economy	NOUN
gujaf-80	22	14	;	;	PUNCT
gujaf-80	22	15	this	this	PRON
gujaf-80	22	16	may	may	AUX
gujaf-80	22	17	not	not	PART
gujaf-80	22	18	be	be	AUX
gujaf-80	22	19	a	a	DET
gujaf-80	22	20	strong	strong	ADJ
gujaf-80	22	21	reason	reason	NOUN
gujaf-80	22	22	but	but	CCONJ
gujaf-80	22	23	could	could	AUX
gujaf-80	22	24	be	be	AUX
gujaf-80	22	25	considered	consider	VERB
gujaf-80	22	26	a	a	DET
gujaf-80	22	27	major	major	ADJ
gujaf-80	22	28	use	use	NOUN
gujaf-80	22	29	of	of	ADP
gujaf-80	22	30	foreign	foreign	ADJ
gujaf-80	22	31	exchange	exchange	NOUN
gujaf-80	22	32	reserves	reserve	NOUN
gujaf-80	22	33	,	,	PUNCT
gujaf-80	22	34	particularly	particularly	ADV
gujaf-80	22	35	for	for	ADP
gujaf-80	22	36	a	a	DET
gujaf-80	22	37	country	country	NOUN
gujaf-80	22	38	that	that	PRON
gujaf-80	22	39	has	have	AUX
gujaf-80	22	40	attained	attain	VERB
gujaf-80	22	41	a	a	DET
gujaf-80	22	42	comfortable	comfortable	ADJ
gujaf-80	22	43	level	level	NOUN
gujaf-80	22	44	of	of	ADP
gujaf-80	22	45	economic	economic	ADJ
gujaf-80	22	46	stability	stability	NOUN
gujaf-80	22	47	.	.	PUNCT
gujaf-80	23	1	central	central	ADJ
gujaf-80	23	2	banks	bank	NOUN
gujaf-80	23	3	hold	hold	VERB
gujaf-80	23	4	reserves	reserve	NOUN
gujaf-80	23	5	such	such	ADJ
gujaf-80	23	6	as	as	ADP
gujaf-80	23	7	gold	gold	NOUN
gujaf-80	23	8	and	and	CCONJ
gujaf-80	23	9	other	other	ADJ
gujaf-80	23	10	safe	safe	ADJ
gujaf-80	23	11	interest	interest	NOUN
gujaf-80	23	12	bearing	bear	VERB
gujaf-80	23	13	investments	investment	NOUN
gujaf-80	23	14	to	to	PART
gujaf-80	23	15	boost	boost	VERB
gujaf-80	23	16	returns	return	NOUN
gujaf-80	23	17	without	without	ADP
gujaf-80	23	18	compromising	compromise	VERB
gujaf-80	23	19	safety	safety	NOUN
gujaf-80	23	20	of	of	ADP
gujaf-80	23	21	their	their	PRON
gujaf-80	23	22	investment	investment	NOUN
gujaf-80	23	23	also	also	ADV
gujaf-80	23	24	serving	serve	VERB
gujaf-80	23	25	as	as	ADP
gujaf-80	23	26	collateral	collateral	NOUN
gujaf-80	23	27	for	for	ADP
gujaf-80	23	28	foreign	foreign	ADJ
gujaf-80	23	29	direct	direct	ADJ
gujaf-80	23	30	investment	investment	NOUN
gujaf-80	23	31	.	.	PUNCT
gujaf-80	24	1	the	the	DET
gujaf-80	24	2	stalest	stale	ADJ
gujaf-80	24	3	question	question	NOUN
gujaf-80	24	4	put	put	VERB
gujaf-80	24	5	forward	forward	ADV
gujaf-80	24	6	by	by	ADP
gujaf-80	24	7	critics	critic	NOUN
gujaf-80	24	8	of	of	ADP
gujaf-80	24	9	these	these	DET
gujaf-80	24	10	policy	policy	NOUN
gujaf-80	24	11	,	,	PUNCT
gujaf-80	24	12	however	however	ADV
gujaf-80	24	13	,	,	PUNCT
gujaf-80	24	14	is	be	AUX
gujaf-80	24	15	if	if	SCONJ
gujaf-80	24	16	monetary	monetary	ADJ
gujaf-80	24	17	authorities	authority	NOUN
gujaf-80	24	18	of	of	ADP
gujaf-80	24	19	these	these	DET
gujaf-80	24	20	countries	country	NOUN
gujaf-80	24	21	hold	hold	VERB
gujaf-80	24	22	reserves	reserve	NOUN
gujaf-80	24	23	held	hold	VERB
gujaf-80	24	24	in	in	ADP
gujaf-80	24	25	dollar	dollar	NOUN
gujaf-80	24	26	-	-	PUNCT
gujaf-80	24	27	denominated	denominate	VERB
gujaf-80	24	28	treasuries	treasury	NOUN
gujaf-80	24	29	,	,	PUNCT
gujaf-80	24	30	for	for	ADP
gujaf-80	24	31	example	example	NOUN
gujaf-80	24	32	,	,	PUNCT
gujaf-80	24	33	earn	earn	VERB
gujaf-80	24	34	a	a	DET
gujaf-80	24	35	modest	modest	ADJ
gujaf-80	24	36	return	return	NOUN
gujaf-80	24	37	,	,	PUNCT
gujaf-80	24	38	which	which	PRON
gujaf-80	24	39	is	be	AUX
gujaf-80	24	40	far	far	ADV
gujaf-80	24	41	below	below	ADP
gujaf-80	24	42	the	the	DET
gujaf-80	24	43	government	government	NOUN
gujaf-80	24	44	’s	’s	PART
gujaf-80	24	45	own	own	ADJ
gujaf-80	24	46	cost	cost	NOUN
gujaf-80	24	47	of	of	ADP
gujaf-80	24	48	borrowing	borrowing	NOUN
gujaf-80	24	49	either	either	CCONJ
gujaf-80	24	50	in	in	ADP
gujaf-80	24	51	local	local	ADJ
gujaf-80	24	52	currency	currency	NOUN
gujaf-80	24	53	or	or	CCONJ
gujaf-80	24	54	in	in	ADP
gujaf-80	24	55	dollars	dollar	NOUN
gujaf-80	24	56	.	.	PUNCT
gujaf-80	25	1	then	then	ADV
gujaf-80	25	2	why	why	SCONJ
gujaf-80	25	3	hold	hold	VERB
gujaf-80	25	4	cash	cash	NOUN
gujaf-80	25	5	in	in	ADP
gujaf-80	25	6	the	the	DET
gujaf-80	25	7	bank	bank	NOUN
gujaf-80	25	8	and	and	CCONJ
gujaf-80	25	9	pay	pay	VERB
gujaf-80	25	10	high	high	ADJ
gujaf-80	25	11	interest	interest	NOUN
gujaf-80	25	12	on	on	ADP
gujaf-80	25	13	outstanding	outstanding	ADJ
gujaf-80	25	14	liabilities	liability	NOUN
gujaf-80	25	15	?	?	PUNCT
gujaf-80	26	1	critics	critic	NOUN
gujaf-80	26	2	also	also	ADV
gujaf-80	26	3	note	note	VERB
gujaf-80	26	4	that	that	SCONJ
gujaf-80	26	5	the	the	DET
gujaf-80	26	6	yield	yield	NOUN
gujaf-80	26	7	on	on	ADP
gujaf-80	26	8	reserves	reserve	NOUN
gujaf-80	26	9	is	be	AUX
gujaf-80	26	10	much	much	ADV
gujaf-80	26	11	lower	low	ADJ
gujaf-80	26	12	than	than	ADP
gujaf-80	26	13	the	the	DET
gujaf-80	26	14	opportunity	opportunity	NOUN
gujaf-80	26	15	cost	cost	NOUN
gujaf-80	26	16	of	of	ADP
gujaf-80	26	17	those	those	DET
gujaf-80	26	18	reserves	reserve	NOUN
gujaf-80	26	19	as	as	SCONJ
gujaf-80	26	20	measured	measure	VERB
gujaf-80	26	21	by	by	ADP
gujaf-80	26	22	the	the	DET
gujaf-80	26	23	potential	potential	ADJ
gujaf-80	26	24	return	return	NOUN
gujaf-80	26	25	on	on	ADP
gujaf-80	26	26	real	real	ADJ
gujaf-80	26	27	investments	investment	NOUN
gujaf-80	26	28	in	in	ADP
gujaf-80	26	29	the	the	DET
gujaf-80	26	30	economy	economy	NOUN
gujaf-80	26	31	.	.	PUNCT
gujaf-80	27	1	those	those	PRON
gujaf-80	27	2	who	who	PRON
gujaf-80	27	3	support	support	VERB
gujaf-80	27	4	large	large	ADJ
gujaf-80	27	5	reserve	reserve	NOUN
gujaf-80	27	6	balances	balance	NOUN
gujaf-80	27	7	argue	argue	VERB
gujaf-80	27	8	that	that	SCONJ
gujaf-80	27	9	the	the	DET
gujaf-80	27	10	cost	cost	NOUN
gujaf-80	27	11	of	of	ADP
gujaf-80	27	12	holding	hold	VERB
gujaf-80	27	13	reserves	reserve	NOUN
gujaf-80	27	14	is	be	AUX
gujaf-80	27	15	small	small	ADJ
gujaf-80	27	16	relative	relative	ADJ
gujaf-80	27	17	to	to	ADP
gujaf-80	27	18	the	the	DET
gujaf-80	27	19	economic	economic	ADJ
gujaf-80	27	20	consequences	consequence	NOUN
gujaf-80	27	21	of	of	ADP
gujaf-80	27	22	a	a	DET
gujaf-80	27	23	crisis	crisis	NOUN
gujaf-80	27	24	.	.	PUNCT
gujaf-80	28	1	large	large	ADJ
gujaf-80	28	2	stockpiles	stockpile	NOUN
gujaf-80	28	3	are	be	AUX
gujaf-80	28	4	needed	need	VERB
gujaf-80	28	5	to	to	PART
gujaf-80	28	6	forestall	forestall	VERB
gujaf-80	28	7	or	or	CCONJ
gujaf-80	28	8	at	at	ADP
gujaf-80	28	9	least	least	ADJ
gujaf-80	28	10	weather	weather	NOUN
gujaf-80	28	11	currency	currency	NOUN
gujaf-80	28	12	and	and	CCONJ
gujaf-80	28	13	financial	financial	ADJ
gujaf-80	28	14	crises	crisis	NOUN
gujaf-80	28	15	that	that	PRON
gujaf-80	28	16	are	be	AUX
gujaf-80	28	17	increasingly	increasingly	ADV
gujaf-80	28	18	frequent	frequent	ADJ
gujaf-80	28	19	and	and	CCONJ
gujaf-80	28	20	severe	severe	ADJ
gujaf-80	28	21	in	in	ADP
gujaf-80	28	22	today	today	NOUN
gujaf-80	28	23	’s	’s	PART
gujaf-80	28	24	international	international	ADJ
gujaf-80	28	25	monetary	monetary	ADJ
gujaf-80	28	26	system	system	NOUN
gujaf-80	28	27	.	.	PUNCT
gujaf-80	29	1	moreover	moreover	ADV
gujaf-80	29	2	,	,	PUNCT
gujaf-80	29	3	just	just	ADV
gujaf-80	29	4	when	when	SCONJ
gujaf-80	29	5	an	an	DET
gujaf-80	29	6	emerging	emerge	VERB
gujaf-80	29	7	market	market	NOUN
gujaf-80	29	8	most	most	ADV
gujaf-80	29	9	needs	need	VERB
gujaf-80	29	10	reserves	reserve	NOUN
gujaf-80	29	11	in	in	ADP
gujaf-80	29	12	a	a	DET
gujaf-80	29	13	crisis	crisis	NOUN
gujaf-80	29	14	,	,	PUNCT
gujaf-80	29	15	it	it	PRON
gujaf-80	29	16	can	can	AUX
gujaf-80	29	17	be	be	AUX
gujaf-80	29	18	shut	shut	VERB
gujaf-80	29	19	out	out	ADP
gujaf-80	29	20	of	of	ADP
gujaf-80	29	21	the	the	DET
gujaf-80	29	22	international	international	ADJ
gujaf-80	29	23	capital	capital	NOUN
gujaf-80	29	24	markets	market	NOUN
gujaf-80	29	25	because	because	SCONJ
gujaf-80	29	26	of	of	ADP
gujaf-80	29	27	sovereign	sovereign	ADJ
gujaf-80	29	28	risk	risk	NOUN
gujaf-80	29	29	concerns	concern	NOUN
gujaf-80	29	30	.	.	PUNCT
gujaf-80	30	1	an	an	DET
gujaf-80	30	2	imf	imf	PROPN
gujaf-80	30	3	bailout	bailout	NOUN
gujaf-80	30	4	is	be	AUX
gujaf-80	30	5	not	not	PART
gujaf-80	30	6	also	also	ADV
gujaf-80	30	7	guaranteed	guarantee	VERB
gujaf-80	30	8	,	,	PUNCT
gujaf-80	30	9	and	and	CCONJ
gujaf-80	30	10	even	even	ADV
gujaf-80	30	11	when	when	SCONJ
gujaf-80	30	12	forthcoming	forthcoming	ADJ
gujaf-80	30	13	,	,	PUNCT
gujaf-80	30	14	comes	come	VERB
gujaf-80	30	15	with	with	ADP
gujaf-80	30	16	strict	strict	ADJ
gujaf-80	30	17	conditions	condition	NOUN
gujaf-80	30	18	.	.	PUNCT
gujaf-80	31	1	holding	hold	VERB
gujaf-80	31	2	large	large	ADJ
gujaf-80	31	3	reserve	reserve	NOUN
gujaf-80	31	4	stockpiles	stockpile	NOUN
gujaf-80	31	5	is	be	AUX
gujaf-80	31	6	therefore	therefore	ADV
gujaf-80	31	7	,	,	PUNCT
gujaf-80	31	8	prudent	prudent	ADJ
gujaf-80	31	9	policy	policy	NOUN
gujaf-80	31	10	(	(	PUNCT
gujaf-80	31	11	aizenman	aizenman	NOUN
gujaf-80	31	12	&	&	CCONJ
gujaf-80	31	13	marion	marion	PROPN
gujaf-80	31	14	,	,	PUNCT
gujaf-80	31	15	2002	2002	NUM
gujaf-80	31	16	)	)	PUNCT
gujaf-80	31	17	because	because	SCONJ
gujaf-80	31	18	according	accord	VERB
gujaf-80	31	19	to	to	ADP
gujaf-80	31	20	qian	qian	PROPN
gujaf-80	31	21	and	and	CCONJ
gujaf-80	31	22	steiner	steiner	PROPN
gujaf-80	31	23	(	(	PUNCT
gujaf-80	31	24	2017	2017	NUM
gujaf-80	31	25	)	)	PUNCT
gujaf-80	31	26	,	,	PUNCT
gujaf-80	31	27	holding	hold	VERB
gujaf-80	31	28	fer	fer	PROPN
gujaf-80	31	29	has	have	VERB
gujaf-80	31	30	two	two	NUM
gujaf-80	31	31	economic	economic	ADJ
gujaf-80	31	32	implications	implication	NOUN
gujaf-80	31	33	on	on	ADP
gujaf-80	31	34	foreign	foreign	ADJ
gujaf-80	31	35	investment	investment	NOUN
gujaf-80	31	36	.	.	PUNCT
gujaf-80	32	1	first	first	ADV
gujaf-80	32	2	,	,	PUNCT
gujaf-80	32	3	it	it	PRON
gujaf-80	32	4	subsequently	subsequently	ADV
gujaf-80	32	5	reduces	reduce	VERB
gujaf-80	32	6	the	the	DET
gujaf-80	32	7	riskiness	riskiness	NOUN
gujaf-80	32	8	of	of	ADP
gujaf-80	32	9	an	an	DET
gujaf-80	32	10	investment	investment	NOUN
gujaf-80	32	11	in	in	ADP
gujaf-80	32	12	the	the	DET
gujaf-80	32	13	domestic	domestic	ADJ
gujaf-80	32	14	economy	economy	NOUN
gujaf-80	32	15	because	because	SCONJ
gujaf-80	32	16	financial	financial	ADJ
gujaf-80	32	17	crises	crisis	NOUN
gujaf-80	32	18	often	often	ADV
gujaf-80	32	19	entail	entail	VERB
gujaf-80	32	20	exchange	exchange	NOUN
gujaf-80	32	21	rate	rate	NOUN
gujaf-80	32	22	devaluations	devaluation	NOUN
gujaf-80	32	23	and	and	CCONJ
gujaf-80	32	24	cause	cause	VERB
gujaf-80	32	25	recessions	recession	NOUN
gujaf-80	32	26	.	.	PUNCT
gujaf-80	33	1	second	second	ADJ
gujaf-80	33	2	,	,	PUNCT
gujaf-80	33	3	reserves	reserve	NOUN
gujaf-80	33	4	create	create	VERB
gujaf-80	33	5	bailout	bailout	NOUN
gujaf-80	33	6	expectations	expectation	NOUN
gujaf-80	33	7	and	and	CCONJ
gujaf-80	33	8	reduce	reduce	VERB
gujaf-80	33	9	the	the	DET
gujaf-80	33	10	costs	cost	NOUN
gujaf-80	33	11	if	if	SCONJ
gujaf-80	33	12	a	a	DET
gujaf-80	33	13	crisis	crisis	NOUN
gujaf-80	33	14	materializes	materialize	VERB
gujaf-80	33	15	.	.	PUNCT
gujaf-80	34	1	is	be	AUX
gujaf-80	34	2	this	this	PRON
gujaf-80	34	3	true	true	ADJ
gujaf-80	34	4	,	,	PUNCT
gujaf-80	34	5	has	have	AUX
gujaf-80	34	6	the	the	DET
gujaf-80	34	7	accumulation	accumulation	NOUN
gujaf-80	34	8	of	of	ADP
gujaf-80	34	9	foreign	foreign	ADJ
gujaf-80	34	10	exchange	exchange	NOUN
gujaf-80	34	11	reserve	reserve	NOUN
gujaf-80	34	12	in	in	ADP
gujaf-80	34	13	developing	develop	VERB
gujaf-80	34	14	countries	country	NOUN
gujaf-80	34	15	really	really	ADV
gujaf-80	34	16	improve	improve	VERB
gujaf-80	34	17	the	the	DET
gujaf-80	34	18	standard	standard	NOUN
gujaf-80	34	19	of	of	ADP
gujaf-80	34	20	living	live	VERB
gujaf-80	34	21	in	in	ADP
gujaf-80	34	22	these	these	DET
gujaf-80	34	23	countries	country	NOUN
gujaf-80	34	24	or	or	CCONJ
gujaf-80	34	25	still	still	ADV
gujaf-80	34	26	remains	remain	VERB
gujaf-80	34	27	elusive	elusive	ADJ
gujaf-80	34	28	as	as	ADP
gujaf-80	34	29	other	other	ADJ
gujaf-80	34	30	contemporary	contemporary	ADJ
gujaf-80	34	31	theories	theory	NOUN
gujaf-80	34	32	and	and	CCONJ
gujaf-80	34	33	postulations	postulation	NOUN
gujaf-80	34	34	of	of	ADP
gujaf-80	34	35	modern	modern	ADJ
gujaf-80	34	36	economic	economic	ADJ
gujaf-80	34	37	theory	theory	NOUN
gujaf-80	34	38	?	?	PUNCT
gujaf-80	35	1	does	do	AUX
gujaf-80	35	2	the	the	DET
gujaf-80	35	3	situation	situation	NOUN
gujaf-80	35	4	in	in	ADP
gujaf-80	35	5	this	this	DET
gujaf-80	35	6	region	region	NOUN
gujaf-80	35	7	portray	portray	VERB
gujaf-80	35	8	accurately	accurately	ADV
gujaf-80	35	9	the	the	DET
gujaf-80	35	10	expected	expect	VERB
gujaf-80	35	11	outcome	outcome	NOUN
gujaf-80	35	12	for	for	ADP
gujaf-80	35	13	the	the	DET
gujaf-80	35	14	deliberate	deliberate	ADJ
gujaf-80	35	15	hoarding	hoarding	NOUN
gujaf-80	35	16	of	of	ADP
gujaf-80	35	17	foreign	foreign	ADJ
gujaf-80	35	18	currency	currency	NOUN
gujaf-80	35	19	?	?	PUNCT
gujaf-80	36	1	does	do	AUX
gujaf-80	36	2	it	it	PRON
gujaf-80	36	3	give	give	VERB
gujaf-80	36	4	credence	credence	NOUN
gujaf-80	36	5	to	to	ADP
gujaf-80	36	6	the	the	DET
gujaf-80	36	7	conjectures	conjecture	NOUN
gujaf-80	36	8	by	by	ADP
gujaf-80	36	9	critics	critic	NOUN
gujaf-80	36	10	of	of	ADP
gujaf-80	36	11	the	the	DET
gujaf-80	36	12	opportunity	opportunity	NOUN
gujaf-80	36	13	forgone	forgone	NOUN
gujaf-80	36	14	of	of	ADP
gujaf-80	36	15	thrusting	thrust	VERB
gujaf-80	36	16	these	these	DET
gujaf-80	36	17	resources	resource	NOUN
gujaf-80	36	18	in	in	ADP
gujaf-80	36	19	the	the	DET
gujaf-80	36	20	money	money	NOUN
gujaf-80	36	21	market	market	NOUN
gujaf-80	36	22	of	of	ADP
gujaf-80	36	23	these	these	DET
gujaf-80	36	24	countries	country	NOUN
gujaf-80	36	25	by	by	ADP
gujaf-80	36	26	providing	provide	VERB
gujaf-80	36	27	short	short	ADJ
gujaf-80	36	28	term	term	NOUN
gujaf-80	36	29	credit	credit	NOUN
gujaf-80	36	30	financing	financing	NOUN
gujaf-80	36	31	to	to	ADP
gujaf-80	36	32	small	small	ADJ
gujaf-80	36	33	and	and	CCONJ
gujaf-80	36	34	medium	medium	ADJ
gujaf-80	36	35	targeted	target	VERB
gujaf-80	36	36	ventures	venture	NOUN
gujaf-80	36	37	or	or	CCONJ
gujaf-80	36	38	it	it	PRON
gujaf-80	36	39	still	still	ADV
gujaf-80	36	40	remains	remain	VERB
gujaf-80	36	41	a	a	DET
gujaf-80	36	42	policy	policy	NOUN
gujaf-80	36	43	in	in	ADP
gujaf-80	36	44	futility	futility	NOUN
gujaf-80	36	45	as	as	SCONJ
gujaf-80	36	46	most	most	ADJ
gujaf-80	36	47	of	of	ADP
gujaf-80	36	48	these	these	DET
gujaf-80	36	49	countries	country	NOUN
gujaf-80	36	50	still	still	ADV
gujaf-80	36	51	suffer	suffer	VERB
gujaf-80	36	52	in	in	ADP
gujaf-80	36	53	economic	economic	ADJ
gujaf-80	36	54	stagnation	stagnation	NOUN
gujaf-80	36	55	?	?	PUNCT
gujaf-80	37	1	this	this	DET
gujaf-80	37	2	paper	paper	NOUN
gujaf-80	37	3	investigates	investigate	VERB
gujaf-80	37	4	fer	fer	PROPN
gujaf-80	37	5	accumulation	accumulation	NOUN
gujaf-80	37	6	in	in	ADP
gujaf-80	37	7	sub	sub	ADJ
gujaf-80	37	8	-	-	ADJ
gujaf-80	37	9	saharan	saharan	ADJ
gujaf-80	37	10	african	african	ADJ
gujaf-80	37	11	countries	country	NOUN
gujaf-80	37	12	and	and	CCONJ
gujaf-80	37	13	its	its	PRON
gujaf-80	37	14	role	role	NOUN
gujaf-80	37	15	in	in	ADP
gujaf-80	37	16	improving	improve	VERB
gujaf-80	37	17	the	the	DET
gujaf-80	37	18	quality	quality	NOUN
gujaf-80	37	19	of	of	ADP
gujaf-80	37	20	life	life	NOUN
gujaf-80	37	21	of	of	ADP
gujaf-80	37	22	its	its	PRON
gujaf-80	37	23	citizens	citizen	NOUN
gujaf-80	37	24	in	in	ADP
gujaf-80	37	25	providing	provide	VERB
gujaf-80	37	26	employment	employment	NOUN
gujaf-80	37	27	,	,	PUNCT
gujaf-80	37	28	increasing	increase	VERB
gujaf-80	37	29	exports	export	NOUN
gujaf-80	37	30	,	,	PUNCT
gujaf-80	37	31	reducing	reduce	VERB
gujaf-80	37	32	inflation	inflation	NOUN
gujaf-80	37	33	and	and	CCONJ
gujaf-80	37	34	productivity	productivity	NOUN
gujaf-80	37	35	.	.	PUNCT
gujaf-80	38	1	this	this	DET
gujaf-80	38	2	paper	paper	NOUN
gujaf-80	38	3	adds	add	VERB
gujaf-80	38	4	to	to	ADP
gujaf-80	38	5	the	the	DET
gujaf-80	38	6	existing	exist	VERB
gujaf-80	38	7	literature	literature	NOUN
gujaf-80	38	8	on	on	ADP
gujaf-80	38	9	the	the	DET
gujaf-80	38	10	stockpiling	stockpiling	NOUN
gujaf-80	38	11	of	of	ADP
gujaf-80	38	12	foreign	foreign	ADJ
gujaf-80	38	13	reserve	reserve	NOUN
gujaf-80	38	14	in	in	ADP
gujaf-80	38	15	sub	sub	ADJ
gujaf-80	38	16	-	-	ADJ
gujaf-80	38	17	saharan	saharan	ADJ
gujaf-80	38	18	africa	africa	PROPN
gujaf-80	38	19	owing	owe	VERB
gujaf-80	38	20	to	to	ADP
gujaf-80	38	21	the	the	DET
gujaf-80	38	22	fact	fact	NOUN
gujaf-80	38	23	that	that	SCONJ
gujaf-80	38	24	this	this	DET
gujaf-80	38	25	region	region	NOUN
gujaf-80	38	26	has	have	AUX
gujaf-80	38	27	the	the	DET
gujaf-80	38	28	most	most	ADV
gujaf-80	38	29	developing	develop	VERB
gujaf-80	38	30	economies	economy	NOUN
gujaf-80	38	31	in	in	ADP
gujaf-80	38	32	the	the	DET
gujaf-80	38	33	world	world	NOUN
gujaf-80	38	34	and	and	CCONJ
gujaf-80	38	35	are	be	AUX
gujaf-80	38	36	increasingly	increasingly	ADV
gujaf-80	38	37	becoming	become	VERB
gujaf-80	38	38	home	home	ADV
gujaf-80	38	39	to	to	ADP
gujaf-80	38	40	this	this	DET
gujaf-80	38	41	policy	policy	NOUN
gujaf-80	38	42	even	even	ADV
gujaf-80	38	43	in	in	ADP
gujaf-80	38	44	the	the	DET
gujaf-80	38	45	face	face	NOUN
gujaf-80	38	46	of	of	ADP
gujaf-80	38	47	declining	decline	VERB
gujaf-80	38	48	economic	economic	ADJ
gujaf-80	38	49	condition	condition	NOUN
gujaf-80	38	50	.	.	PUNCT
gujaf-80	39	1	in	in	ADP
gujaf-80	39	2	gusau	gusau	ADJ
gujaf-80	39	3	journal	journal	NOUN
gujaf-80	39	4	of	of	ADP
gujaf-80	39	5	accounting	accounting	NOUN
gujaf-80	39	6	and	and	CCONJ
gujaf-80	39	7	finance	finance	NOUN
gujaf-80	39	8	,	,	PUNCT
gujaf-80	39	9	vol	vol	NOUN
gujaf-80	39	10	.	.	PROPN
gujaf-80	39	11	2	2	NUM
gujaf-80	39	12	,	,	PUNCT
gujaf-80	39	13	issue	issue	NOUN
gujaf-80	39	14	3	3	NUM
gujaf-80	39	15	,	,	PUNCT
gujaf-80	39	16	april	april	PROPN
gujaf-80	39	17	,	,	PUNCT
gujaf-80	39	18	2021	2021	NUM
gujaf-80	39	19	4	4	NUM
gujaf-80	39	20	addition	addition	NOUN
gujaf-80	39	21	to	to	ADP
gujaf-80	39	22	the	the	DET
gujaf-80	39	23	fact	fact	NOUN
gujaf-80	39	24	that	that	SCONJ
gujaf-80	39	25	this	this	DET
gujaf-80	39	26	region	region	NOUN
gujaf-80	39	27	serves	serve	VERB
gujaf-80	39	28	as	as	ADP
gujaf-80	39	29	one	one	NUM
gujaf-80	39	30	of	of	ADP
gujaf-80	39	31	the	the	DET
gujaf-80	39	32	most	most	ADV
gujaf-80	39	33	import	import	NOUN
gujaf-80	39	34	-	-	PUNCT
gujaf-80	39	35	dependent	dependent	ADJ
gujaf-80	39	36	area	area	NOUN
gujaf-80	39	37	in	in	ADP
gujaf-80	39	38	the	the	DET
gujaf-80	39	39	world	world	NOUN
gujaf-80	39	40	and	and	CCONJ
gujaf-80	39	41	any	any	DET
gujaf-80	39	42	external	external	ADJ
gujaf-80	39	43	shock	shock	NOUN
gujaf-80	39	44	might	might	AUX
gujaf-80	39	45	gravely	gravely	ADV
gujaf-80	39	46	affect	affect	VERB
gujaf-80	39	47	the	the	DET
gujaf-80	39	48	standard	standard	NOUN
gujaf-80	39	49	of	of	ADP
gujaf-80	39	50	living	living	NOUN
gujaf-80	39	51	,	,	PUNCT
gujaf-80	39	52	therefore	therefore	ADV
gujaf-80	39	53	,	,	PUNCT
gujaf-80	39	54	a	a	DET
gujaf-80	39	55	proper	proper	ADJ
gujaf-80	39	56	understanding	understanding	NOUN
gujaf-80	39	57	of	of	ADP
gujaf-80	39	58	this	this	DET
gujaf-80	39	59	policy	policy	NOUN
gujaf-80	39	60	framework	framework	NOUN
gujaf-80	39	61	is	be	AUX
gujaf-80	39	62	necessary	necessary	ADJ
gujaf-80	39	63	especially	especially	ADV
gujaf-80	39	64	now	now	ADV
gujaf-80	39	65	when	when	SCONJ
gujaf-80	39	66	they	they	PRON
gujaf-80	39	67	are	be	AUX
gujaf-80	39	68	experiencing	experience	VERB
gujaf-80	39	69	dwindling	dwindle	VERB
gujaf-80	39	70	resources	resource	NOUN
gujaf-80	39	71	and	and	CCONJ
gujaf-80	39	72	inadequate	inadequate	ADJ
gujaf-80	39	73	capital	capital	NOUN
gujaf-80	39	74	investment	investment	NOUN
gujaf-80	39	75	even	even	ADV
gujaf-80	39	76	in	in	ADP
gujaf-80	39	77	the	the	DET
gujaf-80	39	78	presence	presence	NOUN
gujaf-80	39	79	of	of	ADP
gujaf-80	39	80	huge	huge	ADJ
gujaf-80	39	81	deposits	deposit	NOUN
gujaf-80	39	82	domiciled	domicile	VERB
gujaf-80	39	83	in	in	ADP
gujaf-80	39	84	foreign	foreign	ADJ
gujaf-80	39	85	currency	currency	NOUN
gujaf-80	39	86	.	.	PUNCT
gujaf-80	40	1	hence	hence	ADV
gujaf-80	40	2	,	,	PUNCT
gujaf-80	40	3	this	this	DET
gujaf-80	40	4	paper	paper	NOUN
gujaf-80	40	5	is	be	AUX
gujaf-80	40	6	structured	structure	VERB
gujaf-80	40	7	into	into	ADP
gujaf-80	40	8	five	five	NUM
gujaf-80	40	9	sections	section	NOUN
gujaf-80	40	10	.	.	PUNCT
gujaf-80	41	1	next	next	ADJ
gujaf-80	41	2	to	to	ADP
gujaf-80	41	3	this	this	PRON
gujaf-80	41	4	is	be	AUX
gujaf-80	41	5	the	the	DET
gujaf-80	41	6	review	review	NOUN
gujaf-80	41	7	of	of	ADP
gujaf-80	41	8	existing	exist	VERB
gujaf-80	41	9	literature	literature	NOUN
gujaf-80	41	10	and	and	CCONJ
gujaf-80	41	11	theoretical	theoretical	ADJ
gujaf-80	41	12	framework	framework	NOUN
gujaf-80	41	13	followed	follow	VERB
gujaf-80	41	14	by	by	ADP
gujaf-80	41	15	methodology	methodology	NOUN
gujaf-80	41	16	and	and	CCONJ
gujaf-80	41	17	data	datum	NOUN
gujaf-80	41	18	used	use	VERB
gujaf-80	41	19	,	,	PUNCT
gujaf-80	41	20	results	result	NOUN
gujaf-80	41	21	,	,	PUNCT
gujaf-80	41	22	conclusion	conclusion	NOUN
gujaf-80	41	23	and	and	CCONJ
gujaf-80	41	24	policy	policy	NOUN
gujaf-80	41	25	recommendations	recommendation	NOUN
gujaf-80	41	26	in	in	ADP
gujaf-80	41	27	that	that	DET
gujaf-80	41	28	order	order	NOUN
gujaf-80	41	29	.	.	PUNCT
gujaf-80	42	1	2	2	X
gujaf-80	42	2	.	.	X
gujaf-80	42	3	literature	literature	NOUN
gujaf-80	42	4	review	review	PROPN
gujaf-80	42	5	and	and	CCONJ
gujaf-80	42	6	theoretical	theoretical	ADJ
gujaf-80	42	7	framework	framework	NOUN
gujaf-80	42	8	2.1	2.1	NUM
gujaf-80	42	9	review	review	NOUN
gujaf-80	42	10	of	of	ADP
gujaf-80	42	11	trend	trend	NOUN
gujaf-80	42	12	on	on	ADP
gujaf-80	42	13	foreign	foreign	ADJ
gujaf-80	42	14	reserve	reserve	NOUN
gujaf-80	42	15	accumulation	accumulation	NOUN
gujaf-80	42	16	in	in	ADP
gujaf-80	42	17	africa	africa	PROPN
gujaf-80	42	18	at	at	ADP
gujaf-80	42	19	the	the	DET
gujaf-80	42	20	end	end	NOUN
gujaf-80	42	21	of	of	ADP
gujaf-80	42	22	2018	2018	NUM
gujaf-80	42	23	,	,	PUNCT
gujaf-80	42	24	global	global	ADJ
gujaf-80	42	25	reserves	reserve	NOUN
gujaf-80	42	26	(	(	PUNCT
gujaf-80	42	27	minus	minus	CCONJ
gujaf-80	42	28	gold	gold	NOUN
gujaf-80	42	29	)	)	PUNCT
gujaf-80	42	30	stood	stand	VERB
gujaf-80	42	31	at	at	ADP
gujaf-80	42	32	us$11.4	us$11.4	NUM
gujaf-80	42	33	billion	billion	NUM
gujaf-80	42	34	,	,	PUNCT
gujaf-80	42	35	from	from	ADP
gujaf-80	42	36	us$10.7billion	us$10.7billion	NOUN
gujaf-80	42	37	in	in	ADP
gujaf-80	42	38	2016	2016	NUM
gujaf-80	42	39	to	to	ADP
gujaf-80	42	40	us$11.1	us$11.1	NUM
gujaf-80	42	41	billion	billion	NUM
gujaf-80	42	42	in	in	ADP
gujaf-80	42	43	the	the	DET
gujaf-80	42	44	middle	middle	NOUN
gujaf-80	42	45	of	of	ADP
gujaf-80	42	46	2017	2017	NUM
gujaf-80	42	47	.	.	PUNCT
gujaf-80	43	1	half	half	NOUN
gujaf-80	43	2	were	be	AUX
gujaf-80	43	3	held	hold	VERB
gujaf-80	43	4	by	by	ADP
gujaf-80	43	5	industrial	industrial	ADJ
gujaf-80	43	6	countries	country	NOUN
gujaf-80	43	7	and	and	CCONJ
gujaf-80	43	8	half	half	NOUN
gujaf-80	43	9	by	by	ADP
gujaf-80	43	10	developing	develop	VERB
gujaf-80	43	11	ones	one	NOUN
gujaf-80	43	12	.	.	PUNCT
gujaf-80	44	1	among	among	ADP
gujaf-80	44	2	developing	develop	VERB
gujaf-80	44	3	countries	country	NOUN
gujaf-80	44	4	,	,	PUNCT
gujaf-80	44	5	asian	asian	ADJ
gujaf-80	44	6	economies	economy	NOUN
gujaf-80	44	7	held	hold	VERB
gujaf-80	44	8	the	the	DET
gujaf-80	44	9	most	most	ADJ
gujaf-80	44	10	by	by	ADP
gujaf-80	44	11	far	far	ADV
gujaf-80	44	12	.	.	PUNCT
gujaf-80	45	1	with	with	ADP
gujaf-80	45	2	china	china	PROPN
gujaf-80	45	3	and	and	CCONJ
gujaf-80	45	4	japan	japan	PROPN
gujaf-80	45	5	leading	lead	VERB
gujaf-80	45	6	with	with	ADP
gujaf-80	45	7	over	over	ADP
gujaf-80	45	8	30	30	NUM
gujaf-80	45	9	%	%	NOUN
gujaf-80	45	10	of	of	ADP
gujaf-80	45	11	global	global	ADJ
gujaf-80	45	12	reserves	reserve	NOUN
gujaf-80	45	13	holding	hold	VERB
gujaf-80	45	14	us$3.1	us$3.1	ADJ
gujaf-80	45	15	billion	billion	NUM
gujaf-80	45	16	and	and	CCONJ
gujaf-80	45	17	us$1.4	us$1.4	NOUN
gujaf-80	45	18	billion	billion	NUM
gujaf-80	45	19	respectively	respectively	ADV
gujaf-80	45	20	.	.	PUNCT
gujaf-80	46	1	currency	currency	NOUN
gujaf-80	46	2	composition	composition	NOUN
gujaf-80	46	3	of	of	ADP
gujaf-80	46	4	fer	fer	PROPN
gujaf-80	46	5	all	all	ADV
gujaf-80	46	6	over	over	ADP
gujaf-80	46	7	the	the	DET
gujaf-80	46	8	world	world	NOUN
gujaf-80	46	9	is	be	AUX
gujaf-80	46	10	led	lead	VERB
gujaf-80	46	11	by	by	ADP
gujaf-80	46	12	dollars	dollar	NOUN
gujaf-80	46	13	with	with	ADP
gujaf-80	46	14	over	over	ADP
gujaf-80	46	15	$	$	SYM
gujaf-80	46	16	6.7	6.7	NUM
gujaf-80	46	17	billion	billion	NUM
gujaf-80	46	18	followed	follow	VERB
gujaf-80	46	19	by	by	ADP
gujaf-80	46	20	the	the	DET
gujaf-80	46	21	euros	euro	NOUN
gujaf-80	46	22	with	with	ADP
gujaf-80	46	23	$	$	SYM
gujaf-80	46	24	2.2	2.2	NUM
gujaf-80	46	25	billion	billion	NUM
gujaf-80	46	26	and	and	CCONJ
gujaf-80	46	27	other	other	ADJ
gujaf-80	46	28	currencies	currency	NOUN
gujaf-80	46	29	such	such	ADJ
gujaf-80	46	30	as	as	ADP
gujaf-80	46	31	the	the	DET
gujaf-80	46	32	japanese	japanese	ADJ
gujaf-80	46	33	yen	yen	NOUN
gujaf-80	46	34	,	,	PUNCT
gujaf-80	46	35	chinese	chinese	ADJ
gujaf-80	46	36	renminbi	renminbi	NOUN
gujaf-80	46	37	,	,	PUNCT
gujaf-80	46	38	pounds	pound	NOUN
gujaf-80	46	39	sterling	sterling	NOUN
gujaf-80	46	40	and	and	CCONJ
gujaf-80	46	41	both	both	CCONJ
gujaf-80	46	42	australian	australian	ADJ
gujaf-80	46	43	and	and	CCONJ
gujaf-80	46	44	canadian	canadian	ADJ
gujaf-80	46	45	dollars	dollar	NOUN
gujaf-80	46	46	all	all	PRON
gujaf-80	46	47	worth	worth	ADJ
gujaf-80	46	48	over	over	ADP
gujaf-80	46	49	$	$	SYM
gujaf-80	46	50	5	5	NUM
gujaf-80	46	51	trillion	trillion	NUM
gujaf-80	46	52	in	in	ADP
gujaf-80	46	53	claims	claim	NOUN
gujaf-80	46	54	.	.	PUNCT
gujaf-80	47	1	africa	africa	PROPN
gujaf-80	47	2	’s	’s	PART
gujaf-80	47	3	share	share	NOUN
gujaf-80	47	4	as	as	ADP
gujaf-80	47	5	at	at	ADP
gujaf-80	47	6	2010	2010	NUM
gujaf-80	47	7	stood	stand	VERB
gujaf-80	47	8	at	at	ADP
gujaf-80	47	9	us$1.5	us$1.5	PROPN
gujaf-80	47	10	billion	billion	NUM
gujaf-80	47	11	,	,	PUNCT
gujaf-80	47	12	rising	rise	VERB
gujaf-80	47	13	to	to	ADP
gujaf-80	47	14	an	an	DET
gujaf-80	47	15	impressive	impressive	ADJ
gujaf-80	47	16	high	high	NOUN
gujaf-80	47	17	of	of	ADP
gujaf-80	47	18	us$1.9	us$1.9	NOUN
gujaf-80	47	19	billion	billion	NUM
gujaf-80	47	20	in	in	ADP
gujaf-80	47	21	2014	2014	NUM
gujaf-80	47	22	and	and	CCONJ
gujaf-80	47	23	us$1.8	us$1.8	ADJ
gujaf-80	47	24	by	by	ADP
gujaf-80	47	25	the	the	DET
gujaf-80	47	26	last	last	ADJ
gujaf-80	47	27	quarter	quarter	NOUN
gujaf-80	47	28	of	of	ADP
gujaf-80	47	29	2018	2018	NUM
gujaf-80	47	30	,	,	PUNCT
gujaf-80	47	31	with	with	ADP
gujaf-80	47	32	south	south	PROPN
gujaf-80	47	33	africa	africa	PROPN
gujaf-80	47	34	,	,	PUNCT
gujaf-80	47	35	egypt	egypt	PROPN
gujaf-80	47	36	and	and	CCONJ
gujaf-80	47	37	nigeria	nigeria	PROPN
gujaf-80	47	38	leading	lead	VERB
gujaf-80	47	39	comfortably	comfortably	ADV
gujaf-80	47	40	over	over	ADP
gujaf-80	47	41	the	the	DET
gujaf-80	47	42	last	last	ADJ
gujaf-80	47	43	decade	decade	NOUN
gujaf-80	47	44	following	follow	VERB
gujaf-80	47	45	the	the	DET
gujaf-80	47	46	2008	2008	NUM
gujaf-80	47	47	-	-	SYM
gujaf-80	47	48	09	09	NUM
gujaf-80	47	49	global	global	ADJ
gujaf-80	47	50	financial	financial	ADJ
gujaf-80	47	51	crises	crisis	NOUN
gujaf-80	47	52	.	.	PUNCT
gujaf-80	48	1	by	by	ADP
gujaf-80	48	2	the	the	DET
gujaf-80	48	3	end	end	NOUN
gujaf-80	48	4	of	of	ADP
gujaf-80	48	5	2018	2018	NUM
gujaf-80	48	6	,	,	PUNCT
gujaf-80	48	7	the	the	DET
gujaf-80	48	8	top	top	ADJ
gujaf-80	48	9	five	five	NUM
gujaf-80	48	10	(	(	PUNCT
gujaf-80	48	11	5	5	NUM
gujaf-80	48	12	)	)	PUNCT
gujaf-80	48	13	leading	lead	VERB
gujaf-80	48	14	sub	sub	ADJ
gujaf-80	48	15	-	-	ADJ
gujaf-80	48	16	saharan	saharan	ADJ
gujaf-80	48	17	african	african	ADJ
gujaf-80	48	18	countries	country	NOUN
gujaf-80	48	19	are	be	AUX
gujaf-80	48	20	south	south	PROPN
gujaf-80	48	21	africa	africa	PROPN
gujaf-80	48	22	leading	lead	VERB
gujaf-80	48	23	with	with	ADP
gujaf-80	48	24	a	a	DET
gujaf-80	48	25	total	total	NOUN
gujaf-80	48	26	of	of	ADP
gujaf-80	48	27	us$51.6	us$51.6	NUM
gujaf-80	48	28	million	million	NUM
gujaf-80	48	29	closely	closely	ADV
gujaf-80	48	30	followed	follow	VERB
gujaf-80	48	31	by	by	ADP
gujaf-80	48	32	nigeria	nigeria	PRON
gujaf-80	48	33	with	with	ADP
gujaf-80	48	34	us$44.9	us$44.9	NUM
gujaf-80	48	35	million	million	NUM
gujaf-80	48	36	and	and	CCONJ
gujaf-80	48	37	angola	angola	NOUN
gujaf-80	48	38	comfortably	comfortably	ADV
gujaf-80	48	39	at	at	ADP
gujaf-80	48	40	us$15.4	us$15.4	NUM
gujaf-80	48	41	million	million	NUM
gujaf-80	48	42	with	with	ADP
gujaf-80	48	43	kenya	kenya	PROPN
gujaf-80	48	44	and	and	CCONJ
gujaf-80	48	45	botswana	botswana	PROPN
gujaf-80	48	46	having	have	VERB
gujaf-80	48	47	us$8.8	us$8.8	PROPN
gujaf-80	48	48	million	million	NUM
gujaf-80	48	49	and	and	CCONJ
gujaf-80	48	50	us$6.6	us$6.6	NOUN
gujaf-80	48	51	respectively	respectively	ADV
gujaf-80	48	52	(	(	PUNCT
gujaf-80	48	53	figure	figure	NOUN
gujaf-80	48	54	1	1	NUM
gujaf-80	48	55	)	)	PUNCT
gujaf-80	48	56	.	.	PUNCT
gujaf-80	49	1	corresponding	correspond	VERB
gujaf-80	49	2	inflation	inflation	NOUN
gujaf-80	49	3	figures	figure	NOUN
gujaf-80	49	4	for	for	ADP
gujaf-80	49	5	these	these	DET
gujaf-80	49	6	countries	country	NOUN
gujaf-80	49	7	for	for	ADP
gujaf-80	49	8	the	the	DET
gujaf-80	49	9	same	same	ADJ
gujaf-80	49	10	period	period	NOUN
gujaf-80	49	11	places	place	VERB
gujaf-80	49	12	egypt	egypt	PROPN
gujaf-80	49	13	at	at	ADP
gujaf-80	49	14	the	the	DET
gujaf-80	49	15	top	top	NOUN
gujaf-80	49	16	with	with	ADP
gujaf-80	49	17	29.5	29.5	NUM
gujaf-80	49	18	%	%	NOUN
gujaf-80	49	19	inflation	inflation	NOUN
gujaf-80	49	20	rate	rate	NOUN
gujaf-80	49	21	followed	follow	VERB
gujaf-80	49	22	by	by	ADP
gujaf-80	49	23	angola	angola	PROPN
gujaf-80	49	24	at	at	ADP
gujaf-80	49	25	20.0	20.0	NUM
gujaf-80	49	26	%	%	NOUN
gujaf-80	49	27	,	,	PUNCT
gujaf-80	49	28	nigeria	nigeria	PROPN
gujaf-80	49	29	at	at	ADP
gujaf-80	49	30	12	12	NUM
gujaf-80	49	31	%	%	NOUN
gujaf-80	49	32	with	with	ADP
gujaf-80	49	33	kenya	kenya	PROPN
gujaf-80	49	34	and	and	CCONJ
gujaf-80	49	35	botswana	botswana	PROPN
gujaf-80	49	36	at	at	ADP
gujaf-80	49	37	4.6	4.6	NUM
gujaf-80	49	38	%	%	NOUN
gujaf-80	49	39	and	and	CCONJ
gujaf-80	49	40	3.2	3.2	NUM
gujaf-80	49	41	%	%	NOUN
gujaf-80	49	42	respectively	respectively	ADV
gujaf-80	49	43	.	.	PUNCT
gujaf-80	50	1	while	while	SCONJ
gujaf-80	50	2	unemployment	unemployment	NOUN
gujaf-80	50	3	rate	rate	NOUN
gujaf-80	50	4	for	for	ADP
gujaf-80	50	5	these	these	DET
gujaf-80	50	6	countries	country	NOUN
gujaf-80	50	7	places	place	VERB
gujaf-80	50	8	botswana	botswana	PROPN
gujaf-80	50	9	at	at	ADP
gujaf-80	50	10	the	the	DET
gujaf-80	50	11	lead	lead	NOUN
gujaf-80	50	12	with	with	ADP
gujaf-80	50	13	17.9	17.9	NUM
gujaf-80	50	14	%	%	NOUN
gujaf-80	50	15	followed	follow	VERB
gujaf-80	50	16	by	by	ADP
gujaf-80	50	17	egypt	egypt	PROPN
gujaf-80	50	18	at	at	ADP
gujaf-80	50	19	11.4	11.4	NUM
gujaf-80	50	20	%	%	NOUN
gujaf-80	50	21	,	,	PUNCT
gujaf-80	50	22	kenya	kenya	PROPN
gujaf-80	50	23	at	at	ADP
gujaf-80	50	24	9.3	9.3	NUM
gujaf-80	50	25	%	%	NOUN
gujaf-80	50	26	and	and	CCONJ
gujaf-80	50	27	angola	angola	PROPN
gujaf-80	50	28	at	at	ADP
gujaf-80	50	29	the	the	DET
gujaf-80	50	30	bottom	bottom	NOUN
gujaf-80	50	31	with	with	ADP
gujaf-80	50	32	7.2	7.2	NUM
gujaf-80	50	33	%	%	NOUN
gujaf-80	50	34	,	,	PUNCT
gujaf-80	50	35	total	total	ADJ
gujaf-80	50	36	value	value	NOUN
gujaf-80	50	37	for	for	ADP
gujaf-80	50	38	exports	export	NOUN
gujaf-80	50	39	for	for	ADP
gujaf-80	50	40	the	the	DET
gujaf-80	50	41	period	period	NOUN
gujaf-80	50	42	puts	put	VERB
gujaf-80	50	43	botswana	botswana	PROPN
gujaf-80	50	44	at	at	ADP
gujaf-80	50	45	the	the	DET
gujaf-80	50	46	lead	lead	NOUN
gujaf-80	50	47	with	with	ADP
gujaf-80	50	48	total	total	ADJ
gujaf-80	50	49	goods	good	NOUN
gujaf-80	50	50	and	and	CCONJ
gujaf-80	50	51	services	service	NOUN
gujaf-80	50	52	exported	export	VERB
gujaf-80	50	53	at	at	ADP
gujaf-80	50	54	us$39	us$39	PROPN
gujaf-80	50	55	billion	billion	NUM
gujaf-80	50	56	,	,	PUNCT
gujaf-80	50	57	angola	angola	PROPN
gujaf-80	50	58	at	at	ADP
gujaf-80	50	59	us$29	us$29	PROPN
gujaf-80	50	60	billion	billion	NUM
gujaf-80	50	61	,	,	PUNCT
gujaf-80	50	62	followed	follow	VERB
gujaf-80	50	63	by	by	ADP
gujaf-80	50	64	egypt	egypt	PROPN
gujaf-80	50	65	at	at	ADP
gujaf-80	50	66	us$18	us$18	NOUN
gujaf-80	50	67	billion	billion	NUM
gujaf-80	50	68	with	with	ADP
gujaf-80	50	69	nigeria	nigeria	PROPN
gujaf-80	50	70	and	and	CCONJ
gujaf-80	50	71	kenya	kenya	PROPN
gujaf-80	50	72	following	follow	VERB
gujaf-80	50	73	closely	closely	ADV
gujaf-80	50	74	at	at	ADP
gujaf-80	50	75	us$13	us$13	NOUN
gujaf-80	50	76	billion	billion	NUM
gujaf-80	50	77	respectively	respectively	ADV
gujaf-80	50	78	(	(	PUNCT
gujaf-80	50	79	world	world	PROPN
gujaf-80	50	80	bank	bank	NOUN
gujaf-80	50	81	,	,	PUNCT
gujaf-80	50	82	2019	2019	NUM
gujaf-80	50	83	)	)	PUNCT
gujaf-80	50	84	.	.	PUNCT
gujaf-80	51	1	gusau	gusau	PROPN
gujaf-80	51	2	journal	journal	PROPN
gujaf-80	51	3	of	of	ADP
gujaf-80	51	4	accounting	accounting	NOUN
gujaf-80	51	5	and	and	CCONJ
gujaf-80	51	6	finance	finance	NOUN
gujaf-80	51	7	,	,	PUNCT
gujaf-80	51	8	vol	vol	NOUN
gujaf-80	51	9	.	.	PROPN
gujaf-80	51	10	2	2	NUM
gujaf-80	51	11	,	,	PUNCT
gujaf-80	51	12	issue	issue	NOUN
gujaf-80	51	13	3	3	NUM
gujaf-80	51	14	,	,	PUNCT
gujaf-80	51	15	april	april	PROPN
gujaf-80	51	16	,	,	PUNCT
gujaf-80	51	17	2021	2021	NUM
gujaf-80	51	18	5	5	NUM
gujaf-80	51	19	figure	figure	NOUN
gujaf-80	51	20	1	1	NUM
gujaf-80	51	21	:	:	PUNCT
gujaf-80	51	22	top	top	ADJ
gujaf-80	51	23	sub	sub	ADJ
gujaf-80	51	24	-	-	ADJ
gujaf-80	51	25	saharan	saharan	ADJ
gujaf-80	51	26	african	african	ADJ
gujaf-80	51	27	countries	country	NOUN
gujaf-80	51	28	with	with	ADP
gujaf-80	51	29	fer	fer	PROPN
gujaf-80	51	30	source	source	PROPN
gujaf-80	51	31	:	:	PUNCT
gujaf-80	51	32	world	world	PROPN
gujaf-80	51	33	bank	bank	PROPN
gujaf-80	51	34	’s	’s	PART
gujaf-80	51	35	database	database	NOUN
gujaf-80	51	36	,	,	PUNCT
gujaf-80	51	37	2019	2019	NUM
gujaf-80	51	38	.	.	PUNCT
gujaf-80	52	1	also	also	ADV
gujaf-80	52	2	,	,	PUNCT
gujaf-80	52	3	at	at	ADP
gujaf-80	52	4	the	the	DET
gujaf-80	52	5	end	end	NOUN
gujaf-80	52	6	of	of	ADP
gujaf-80	52	7	the	the	DET
gujaf-80	52	8	last	last	ADJ
gujaf-80	52	9	quarter	quarter	NOUN
gujaf-80	52	10	of	of	ADP
gujaf-80	52	11	2018	2018	NUM
gujaf-80	52	12	,	,	PUNCT
gujaf-80	52	13	the	the	DET
gujaf-80	52	14	following	follow	VERB
gujaf-80	52	15	countries	country	NOUN
gujaf-80	52	16	have	have	VERB
gujaf-80	52	17	the	the	DET
gujaf-80	52	18	lowest	low	ADJ
gujaf-80	52	19	fer	fer	NOUN
gujaf-80	52	20	as	as	SCONJ
gujaf-80	52	21	shown	show	VERB
gujaf-80	52	22	in	in	ADP
gujaf-80	52	23	figure	figure	NOUN
gujaf-80	52	24	2.sao	2.sao	ADJ
gujaf-80	52	25	tome	tome	NOUN
gujaf-80	52	26	and	and	CCONJ
gujaf-80	52	27	principe	principe	NOUN
gujaf-80	52	28	sitting	sit	VERB
gujaf-80	52	29	at	at	ADP
gujaf-80	52	30	the	the	DET
gujaf-80	52	31	bottom	bottom	NOUN
gujaf-80	52	32	both	both	PRON
gujaf-80	52	33	in	in	ADP
gujaf-80	52	34	africa	africa	PROPN
gujaf-80	52	35	and	and	CCONJ
gujaf-80	52	36	the	the	DET
gujaf-80	52	37	world	world	NOUN
gujaf-80	52	38	with	with	ADP
gujaf-80	52	39	a	a	DET
gujaf-80	52	40	fer	fer	NOUN
gujaf-80	52	41	of	of	ADP
gujaf-80	52	42	us$63	us$63	PROPN
gujaf-80	52	43	million	million	NUM
gujaf-80	52	44	,	,	PUNCT
gujaf-80	52	45	followed	follow	VERB
gujaf-80	52	46	by	by	ADP
gujaf-80	52	47	the	the	DET
gujaf-80	52	48	gambia	gambia	NOUN
gujaf-80	52	49	with	with	ADP
gujaf-80	52	50	us$159	us$159	ADJ
gujaf-80	52	51	million	million	NUM
gujaf-80	52	52	claims	claim	NOUN
gujaf-80	52	53	,	,	PUNCT
gujaf-80	52	54	sudan	sudan	PROPN
gujaf-80	52	55	with	with	ADP
gujaf-80	52	56	close	close	ADV
gujaf-80	52	57	to	to	PART
gujaf-80	52	58	$	$	SYM
gujaf-80	52	59	200	200	NUM
gujaf-80	52	60	million	million	NUM
gujaf-80	52	61	closely	closely	ADV
gujaf-80	52	62	followed	follow	VERB
gujaf-80	52	63	by	by	ADP
gujaf-80	52	64	eritrea	eritrea	PROPN
gujaf-80	52	65	with	with	ADP
gujaf-80	52	66	over	over	ADP
gujaf-80	52	67	$	$	SYM
gujaf-80	52	68	200	200	NUM
gujaf-80	52	69	million	million	NUM
gujaf-80	52	70	and	and	CCONJ
gujaf-80	52	71	burkina	burkina	PROPN
gujaf-80	52	72	faso	faso	PROPN
gujaf-80	52	73	with	with	ADP
gujaf-80	52	74	$	$	SYM
gujaf-80	52	75	298	298	NUM
gujaf-80	52	76	million	million	NUM
gujaf-80	52	77	,	,	PUNCT
gujaf-80	52	78	comfortably	comfortably	ADV
gujaf-80	52	79	sitting	sit	VERB
gujaf-80	52	80	at	at	ADP
gujaf-80	52	81	the	the	DET
gujaf-80	52	82	middle	middle	NOUN
gujaf-80	52	83	of	of	ADP
gujaf-80	52	84	the	the	DET
gujaf-80	52	85	chart	chart	NOUN
gujaf-80	52	86	are	be	AUX
gujaf-80	52	87	guinea	guinea	NOUN
gujaf-80	52	88	and	and	CCONJ
gujaf-80	52	89	burundi	burundi	PROPN
gujaf-80	52	90	with	with	ADP
gujaf-80	52	91	an	an	DET
gujaf-80	52	92	estimated	estimate	VERB
gujaf-80	52	93	fer	fer	PROPN
gujaf-80	52	94	deposit	deposit	NOUN
gujaf-80	52	95	of	of	ADP
gujaf-80	52	96	$	$	SYM
gujaf-80	52	97	300	300	NUM
gujaf-80	52	98	million	million	NUM
gujaf-80	52	99	for	for	ADP
gujaf-80	52	100	the	the	DET
gujaf-80	52	101	period	period	NOUN
gujaf-80	52	102	under	under	ADP
gujaf-80	52	103	review	review	NOUN
gujaf-80	52	104	with	with	ADP
gujaf-80	52	105	zimbabwe	zimbabwe	PROPN
gujaf-80	52	106	,	,	PUNCT
gujaf-80	52	107	seychelles	seychelle	NOUN
gujaf-80	52	108	and	and	CCONJ
gujaf-80	52	109	togo	togo	PROPN
gujaf-80	52	110	at	at	ADP
gujaf-80	52	111	the	the	DET
gujaf-80	52	112	top	top	NOUN
gujaf-80	52	113	of	of	ADP
gujaf-80	52	114	the	the	DET
gujaf-80	52	115	list	list	NOUN
gujaf-80	52	116	with	with	ADP
gujaf-80	52	117	over	over	ADP
gujaf-80	52	118	$	$	SYM
gujaf-80	52	119	400	400	NUM
gujaf-80	52	120	million	million	NUM
gujaf-80	52	121	respectively	respectively	ADV
gujaf-80	52	122	.	.	PUNCT
gujaf-80	53	1	figure	figure	NOUN
gujaf-80	53	2	2	2	NUM
gujaf-80	53	3	:	:	PUNCT
gujaf-80	53	4	lowest	low	ADJ
gujaf-80	53	5	fer	fer	PROPN
gujaf-80	53	6	keeping	keep	VERB
gujaf-80	53	7	countries	country	NOUN
gujaf-80	53	8	in	in	ADP
gujaf-80	53	9	subsaharan	subsaharan	ADJ
gujaf-80	53	10	african	african	ADJ
gujaf-80	53	11	countries	country	NOUN
gujaf-80	53	12	,	,	PUNCT
gujaf-80	53	13	2018	2018	NUM
gujaf-80	53	14	.	.	PUNCT
gujaf-80	54	1	source	source	NOUN
gujaf-80	54	2	:	:	PUNCT
gujaf-80	54	3	authors	author	NOUN
gujaf-80	54	4	’	'	PUNCT
gujaf-80	54	5	computati	computati	PROPN
gujaf-80	54	6	on	on	ADP
gujaf-80	54	7	from	from	ADP
gujaf-80	54	8	world	world	PROPN
gujaf-80	54	9	bank	bank	PROPN
gujaf-80	54	10	’s	’s	PART
gujaf-80	54	11	database	database	NOUN
gujaf-80	54	12	,	,	PUNCT
gujaf-80	54	13	2019	2019	NUM
gujaf-80	54	14	.	.	PUNCT
gujaf-80	54	15	0	0	NUM
gujaf-80	55	1	10	10	NUM
gujaf-80	55	2	20	20	NUM
gujaf-80	55	3	30	30	NUM
gujaf-80	55	4	40	40	NUM
gujaf-80	55	5	50	50	NUM
gujaf-80	55	6	60	60	NUM
gujaf-80	55	7	south	south	PROPN
gujaf-80	55	8	africa	africa	PROPN
gujaf-80	55	9	nigeria	nigeria	PROPN
gujaf-80	56	1	angola	angola	PROPN
gujaf-80	56	2	kenya	kenya	PROPN
gujaf-80	56	3	botswana	botswana	PROPN
gujaf-80	56	4	0	0	NUM
gujaf-80	56	5	100	100	NUM
gujaf-80	56	6	200	200	NUM
gujaf-80	56	7	300	300	NUM
gujaf-80	56	8	400	400	NUM
gujaf-80	56	9	500	500	NUM
gujaf-80	56	10	600	600	NUM
gujaf-80	56	11	gusau	gusau	ADJ
gujaf-80	56	12	journal	journal	NOUN
gujaf-80	56	13	of	of	ADP
gujaf-80	56	14	accounting	accounting	NOUN
gujaf-80	56	15	and	and	CCONJ
gujaf-80	56	16	finance	finance	NOUN
gujaf-80	56	17	,	,	PUNCT
gujaf-80	56	18	vol	vol	NOUN
gujaf-80	56	19	.	.	PROPN
gujaf-80	56	20	2	2	NUM
gujaf-80	56	21	,	,	PUNCT
gujaf-80	56	22	issue	issue	NOUN
gujaf-80	56	23	3	3	NUM
gujaf-80	56	24	,	,	PUNCT
gujaf-80	56	25	april	april	PROPN
gujaf-80	56	26	,	,	PUNCT
gujaf-80	56	27	2021	2021	NUM
gujaf-80	56	28	6	6	NUM
gujaf-80	56	29	the	the	DET
gujaf-80	56	30	conceptual	conceptual	ADJ
gujaf-80	56	31	understanding	understanding	NOUN
gujaf-80	56	32	of	of	ADP
gujaf-80	56	33	foreign	foreign	ADJ
gujaf-80	56	34	exchange	exchange	NOUN
gujaf-80	56	35	reserve	reserve	NOUN
gujaf-80	56	36	has	have	AUX
gujaf-80	56	37	received	receive	VERB
gujaf-80	56	38	numerous	numerous	ADJ
gujaf-80	56	39	attentions	attention	NOUN
gujaf-80	56	40	from	from	ADP
gujaf-80	56	41	scholars	scholar	NOUN
gujaf-80	56	42	over	over	ADP
gujaf-80	56	43	the	the	DET
gujaf-80	56	44	years	year	NOUN
gujaf-80	56	45	.	.	PUNCT
gujaf-80	57	1	drawing	draw	VERB
gujaf-80	57	2	from	from	ADP
gujaf-80	57	3	variant	variant	ADJ
gujaf-80	57	4	definitions	definition	NOUN
gujaf-80	57	5	;	;	PUNCT
gujaf-80	57	6	imf	imf	PROPN
gujaf-80	57	7	(	(	PUNCT
gujaf-80	57	8	1993	1993	NUM
gujaf-80	57	9	)	)	PUNCT
gujaf-80	57	10	defines	define	VERB
gujaf-80	57	11	official	official	ADJ
gujaf-80	57	12	reserves	reserve	NOUN
gujaf-80	57	13	as	as	ADP
gujaf-80	57	14	“	"	PUNCT
gujaf-80	57	15	external	external	ADJ
gujaf-80	57	16	assets	asset	NOUN
gujaf-80	57	17	that	that	PRON
gujaf-80	57	18	are	be	AUX
gujaf-80	57	19	readily	readily	ADV
gujaf-80	57	20	available	available	ADJ
gujaf-80	57	21	to	to	ADP
gujaf-80	57	22	and	and	CCONJ
gujaf-80	57	23	controlled	control	VERB
gujaf-80	57	24	by	by	ADP
gujaf-80	57	25	monetary	monetary	ADJ
gujaf-80	57	26	authorities	authority	NOUN
gujaf-80	57	27	for	for	ADP
gujaf-80	57	28	direct	direct	ADJ
gujaf-80	57	29	financing	financing	NOUN
gujaf-80	57	30	of	of	ADP
gujaf-80	57	31	payments	payment	NOUN
gujaf-80	57	32	imbalances	imbalance	NOUN
gujaf-80	57	33	,	,	PUNCT
gujaf-80	57	34	for	for	ADP
gujaf-80	57	35	indirectly	indirectly	ADV
gujaf-80	57	36	regulating	regulate	VERB
gujaf-80	57	37	the	the	DET
gujaf-80	57	38	magnitudes	magnitude	NOUN
gujaf-80	57	39	of	of	ADP
gujaf-80	57	40	such	such	ADJ
gujaf-80	57	41	imbalances	imbalance	NOUN
gujaf-80	57	42	through	through	ADP
gujaf-80	57	43	intervention	intervention	NOUN
gujaf-80	57	44	in	in	ADP
gujaf-80	57	45	exchange	exchange	NOUN
gujaf-80	57	46	markets	market	NOUN
gujaf-80	57	47	to	to	PART
gujaf-80	57	48	affect	affect	VERB
gujaf-80	57	49	the	the	DET
gujaf-80	57	50	currency	currency	NOUN
gujaf-80	57	51	exchange	exchange	NOUN
gujaf-80	57	52	rate	rate	NOUN
gujaf-80	57	53	,	,	PUNCT
gujaf-80	57	54	and/or	and/or	CCONJ
gujaf-80	57	55	for	for	ADP
gujaf-80	57	56	other	other	ADJ
gujaf-80	57	57	purposes	purpose	NOUN
gujaf-80	57	58	”	"	PUNCT
gujaf-80	57	59	.	.	PUNCT
gujaf-80	58	1	total	total	ADJ
gujaf-80	58	2	reserves	reserve	NOUN
gujaf-80	58	3	comprise	comprise	VERB
gujaf-80	58	4	gold	gold	NOUN
gujaf-80	58	5	,	,	PUNCT
gujaf-80	58	6	foreign	foreign	ADJ
gujaf-80	58	7	currency	currency	NOUN
gujaf-80	58	8	assets	asset	NOUN
gujaf-80	58	9	,	,	PUNCT
gujaf-80	58	10	reserve	reserve	NOUN
gujaf-80	58	11	positions	position	NOUN
gujaf-80	58	12	in	in	ADP
gujaf-80	58	13	the	the	DET
gujaf-80	58	14	imf	imf	PROPN
gujaf-80	58	15	and	and	CCONJ
gujaf-80	58	16	special	special	ADJ
gujaf-80	58	17	drawing	drawing	NOUN
gujaf-80	58	18	rights	right	NOUN
gujaf-80	58	19	(	(	PUNCT
gujaf-80	58	20	sdrs	sdr	NOUN
gujaf-80	58	21	)	)	PUNCT
gujaf-80	58	22	.	.	PUNCT
gujaf-80	59	1	nzotta	nzotta	ADJ
gujaf-80	59	2	,	,	PUNCT
gujaf-80	59	3	(	(	PUNCT
gujaf-80	59	4	2004	2004	NUM
gujaf-80	59	5	)	)	PUNCT
gujaf-80	59	6	holds	hold	VERB
gujaf-80	59	7	that	that	SCONJ
gujaf-80	59	8	foreign	foreign	ADJ
gujaf-80	59	9	reserves	reserve	NOUN
gujaf-80	59	10	represent	represent	VERB
gujaf-80	59	11	the	the	DET
gujaf-80	59	12	excess	excess	NOUN
gujaf-80	59	13	of	of	ADP
gujaf-80	59	14	foreign	foreign	ADJ
gujaf-80	59	15	exchange	exchange	NOUN
gujaf-80	59	16	receipts	receipt	NOUN
gujaf-80	59	17	and	and	CCONJ
gujaf-80	59	18	disbursement	disbursement	NOUN
gujaf-80	59	19	accumulated	accumulate	VERB
gujaf-80	59	20	over	over	ADP
gujaf-80	59	21	a	a	DET
gujaf-80	59	22	period	period	NOUN
gujaf-80	59	23	of	of	ADP
gujaf-80	59	24	time	time	NOUN
gujaf-80	59	25	.	.	PUNCT
gujaf-80	60	1	more	more	ADV
gujaf-80	60	2	so	so	ADV
gujaf-80	60	3	,	,	PUNCT
gujaf-80	60	4	ndikumana	ndikumana	PROPN
gujaf-80	60	5	and	and	CCONJ
gujaf-80	60	6	elhiraika	elhiraika	NOUN
gujaf-80	60	7	(	(	PUNCT
gujaf-80	60	8	2007	2007	NUM
gujaf-80	60	9	)	)	PUNCT
gujaf-80	60	10	suggest	suggest	VERB
gujaf-80	60	11	that	that	SCONJ
gujaf-80	60	12	reserves	reserve	NOUN
gujaf-80	60	13	are	be	AUX
gujaf-80	60	14	kept	keep	VERB
gujaf-80	60	15	to	to	PART
gujaf-80	60	16	manage	manage	VERB
gujaf-80	60	17	exchange	exchange	NOUN
gujaf-80	60	18	rate	rate	NOUN
gujaf-80	60	19	,	,	PUNCT
gujaf-80	60	20	its	its	PRON
gujaf-80	60	21	volatility	volatility	NOUN
gujaf-80	60	22	or	or	CCONJ
gujaf-80	60	23	excess	excess	ADJ
gujaf-80	60	24	fluctuations	fluctuation	NOUN
gujaf-80	60	25	.	.	PUNCT
gujaf-80	61	1	external	external	ADJ
gujaf-80	61	2	reserves	reserve	NOUN
gujaf-80	61	3	are	be	AUX
gujaf-80	61	4	generally	generally	ADV
gujaf-80	61	5	held	hold	VERB
gujaf-80	61	6	in	in	ADP
gujaf-80	61	7	the	the	DET
gujaf-80	61	8	form	form	NOUN
gujaf-80	61	9	of	of	ADP
gujaf-80	61	10	high	high	ADJ
gujaf-80	61	11	quality	quality	NOUN
gujaf-80	61	12	,	,	PUNCT
gujaf-80	61	13	marketable	marketable	ADJ
gujaf-80	61	14	securities	security	NOUN
gujaf-80	61	15	issue	issue	NOUN
gujaf-80	61	16	,	,	PUNCT
gujaf-80	61	17	however	however	ADV
gujaf-80	61	18	,	,	PUNCT
gujaf-80	61	19	such	such	ADJ
gujaf-80	61	20	holdings	holding	NOUN
gujaf-80	61	21	are	be	AUX
gujaf-80	61	22	not	not	PART
gujaf-80	61	23	without	without	ADP
gujaf-80	61	24	cost	cost	NOUN
gujaf-80	61	25	;	;	PUNCT
gujaf-80	61	26	the	the	DET
gujaf-80	61	27	costs	cost	NOUN
gujaf-80	61	28	usually	usually	ADV
gujaf-80	61	29	include	include	VERB
gujaf-80	61	30	,	,	PUNCT
gujaf-80	61	31	among	among	ADP
gujaf-80	61	32	others	other	NOUN
gujaf-80	61	33	,	,	PUNCT
gujaf-80	61	34	financing	financing	NOUN
gujaf-80	61	35	,	,	PUNCT
gujaf-80	61	36	personnel	personnel	NOUN
gujaf-80	61	37	,	,	PUNCT
gujaf-80	61	38	systems	system	NOUN
gujaf-80	61	39	,	,	PUNCT
gujaf-80	61	40	and	and	CCONJ
gujaf-80	61	41	overhead	overhead	ADJ
gujaf-80	61	42	expenses	expense	NOUN
gujaf-80	61	43	,	,	PUNCT
gujaf-80	61	44	which	which	PRON
gujaf-80	61	45	fluctuate	fluctuate	VERB
gujaf-80	61	46	periodically	periodically	ADV
gujaf-80	61	47	.	.	PUNCT
gujaf-80	62	1	policy	policy	NOUN
gujaf-80	62	2	analysts	analyst	NOUN
gujaf-80	62	3	often	often	ADV
gujaf-80	62	4	assess	assess	VERB
gujaf-80	62	5	reserves	reserve	NOUN
gujaf-80	62	6	adequacy	adequacy	NOUN
gujaf-80	62	7	using	use	VERB
gujaf-80	62	8	simple	simple	ADJ
gujaf-80	62	9	rules	rule	NOUN
gujaf-80	62	10	of	of	ADP
gujaf-80	62	11	thumb	thumb	NOUN
gujaf-80	62	12	,	,	PUNCT
gujaf-80	62	13	such	such	ADJ
gujaf-80	62	14	as	as	ADP
gujaf-80	62	15	maintaining	maintain	VERB
gujaf-80	62	16	reserves	reserve	NOUN
gujaf-80	62	17	equivalent	equivalent	ADJ
gujaf-80	62	18	to	to	ADP
gujaf-80	62	19	three	three	NUM
gujaf-80	62	20	months	month	NOUN
gujaf-80	62	21	of	of	ADP
gujaf-80	62	22	imports	import	NOUN
gujaf-80	62	23	,	,	PUNCT
gujaf-80	62	24	or	or	CCONJ
gujaf-80	62	25	the	the	DET
gujaf-80	62	26	"	"	PUNCT
gujaf-80	62	27	greenspan	greenspan	NOUN
gujaf-80	62	28	-	-	PUNCT
gujaf-80	62	29	guidotti	guidotti	VERB
gujaf-80	62	30	rule	rule	NOUN
gujaf-80	62	31	"	"	PUNCT
gujaf-80	62	32	of	of	ADP
gujaf-80	62	33	full	full	ADJ
gujaf-80	62	34	coverage	coverage	NOUN
gujaf-80	62	35	of	of	ADP
gujaf-80	62	36	short	short	ADJ
gujaf-80	62	37	-	-	PUNCT
gujaf-80	62	38	term	term	NOUN
gujaf-80	62	39	external	external	ADJ
gujaf-80	62	40	debt	debt	NOUN
gujaf-80	62	41	.	.	PUNCT
gujaf-80	63	1	marc	marc	PROPN
gujaf-80	63	2	-	-	PUNCT
gujaf-80	63	3	andre	andre	PROPN
gujaf-80	63	4	and	and	CCONJ
gujaf-80	63	5	nicolas	nicolas	PROPN
gujaf-80	63	6	(	(	PUNCT
gujaf-80	63	7	2005	2005	NUM
gujaf-80	63	8	)	)	PUNCT
gujaf-80	63	9	classified	classify	VERB
gujaf-80	63	10	the	the	DET
gujaf-80	63	11	costs	cost	NOUN
gujaf-80	63	12	as	as	ADP
gujaf-80	63	13	loss	loss	NOUN
gujaf-80	63	14	of	of	ADP
gujaf-80	63	15	monetary	monetary	ADJ
gujaf-80	63	16	control	control	NOUN
gujaf-80	63	17	,	,	PUNCT
gujaf-80	63	18	exchange	exchange	NOUN
gujaf-80	63	19	rate	rate	NOUN
gujaf-80	63	20	misalignment	misalignment	NOUN
gujaf-80	63	21	,	,	PUNCT
gujaf-80	63	22	and	and	CCONJ
gujaf-80	63	23	sterilization	sterilization	NOUN
gujaf-80	63	24	costs	cost	NOUN
gujaf-80	63	25	.	.	PUNCT
gujaf-80	64	1	therefore	therefore	ADV
gujaf-80	64	2	,	,	PUNCT
gujaf-80	64	3	holding	hold	VERB
gujaf-80	64	4	external	external	ADJ
gujaf-80	64	5	reserves	reserve	NOUN
gujaf-80	64	6	has	have	VERB
gujaf-80	64	7	both	both	CCONJ
gujaf-80	64	8	variable	variable	ADJ
gujaf-80	64	9	and	and	CCONJ
gujaf-80	64	10	on‑	on‑	NOUN
gujaf-80	64	11	going	go	VERB
gujaf-80	64	12	costs	cost	NOUN
gujaf-80	64	13	especially	especially	ADV
gujaf-80	64	14	when	when	SCONJ
gujaf-80	64	15	it	it	PRON
gujaf-80	64	16	exceeds	exceed	VERB
gujaf-80	64	17	the	the	DET
gujaf-80	64	18	benchmark	benchmark	NOUN
gujaf-80	64	19	of	of	ADP
gujaf-80	64	20	three	three	NUM
gujaf-80	64	21	months	month	NOUN
gujaf-80	64	22	import	import	NOUN
gujaf-80	64	23	equivalent	equivalent	ADJ
gujaf-80	64	24	.	.	PUNCT
gujaf-80	65	1	empirical	empirical	ADJ
gujaf-80	65	2	studies	study	NOUN
gujaf-80	65	3	on	on	ADP
gujaf-80	65	4	external	external	ADJ
gujaf-80	65	5	reserves	reserve	NOUN
gujaf-80	65	6	in	in	ADP
gujaf-80	65	7	relation	relation	NOUN
gujaf-80	65	8	to	to	ADP
gujaf-80	65	9	economic	economic	ADJ
gujaf-80	65	10	stability	stability	NOUN
gujaf-80	65	11	has	have	AUX
gujaf-80	65	12	received	receive	VERB
gujaf-80	65	13	considerable	considerable	ADJ
gujaf-80	65	14	attention	attention	NOUN
gujaf-80	65	15	across	across	ADP
gujaf-80	65	16	the	the	DET
gujaf-80	65	17	world	world	NOUN
gujaf-80	65	18	over	over	ADP
gujaf-80	65	19	the	the	DET
gujaf-80	65	20	years	year	NOUN
gujaf-80	65	21	.	.	PUNCT
gujaf-80	66	1	in	in	ADP
gujaf-80	66	2	a	a	DET
gujaf-80	66	3	related	related	ADJ
gujaf-80	66	4	study	study	NOUN
gujaf-80	66	5	,	,	PUNCT
gujaf-80	66	6	jeanne	jeanne	PROPN
gujaf-80	66	7	and	and	CCONJ
gujaf-80	66	8	ranciere	ranciere	NOUN
gujaf-80	66	9	,	,	PUNCT
gujaf-80	66	10	(	(	PUNCT
gujaf-80	66	11	2009	2009	NUM
gujaf-80	66	12	)	)	PUNCT
gujaf-80	66	13	while	while	SCONJ
gujaf-80	66	14	analyzing	analyze	VERB
gujaf-80	66	15	to	to	PART
gujaf-80	66	16	quantify	quantify	VERB
gujaf-80	66	17	the	the	DET
gujaf-80	66	18	level	level	NOUN
gujaf-80	66	19	of	of	ADP
gujaf-80	66	20	fer	fer	PROPN
gujaf-80	66	21	justifiable	justifiable	ADJ
gujaf-80	66	22	as	as	ADP
gujaf-80	66	23	an	an	DET
gujaf-80	66	24	insurance	insurance	NOUN
gujaf-80	66	25	against	against	ADP
gujaf-80	66	26	sudden	sudden	ADJ
gujaf-80	66	27	capital	capital	NOUN
gujaf-80	66	28	stops	stop	VERB
gujaf-80	66	29	shocks	shock	NOUN
gujaf-80	66	30	and	and	CCONJ
gujaf-80	66	31	volatility	volatility	NOUN
gujaf-80	66	32	in	in	ADP
gujaf-80	66	33	emerging	emerge	VERB
gujaf-80	66	34	asian	asian	ADJ
gujaf-80	66	35	markets	market	NOUN
gujaf-80	66	36	observed	observe	VERB
gujaf-80	66	37	that	that	SCONJ
gujaf-80	66	38	the	the	DET
gujaf-80	66	39	build	build	NOUN
gujaf-80	66	40	-	-	PUNCT
gujaf-80	66	41	up	up	NOUN
gujaf-80	66	42	in	in	ADP
gujaf-80	66	43	reserves	reserve	NOUN
gujaf-80	66	44	usually	usually	ADV
gujaf-80	66	45	is	be	AUX
gujaf-80	66	46	in	in	ADP
gujaf-80	66	47	excess	excess	NOUN
gujaf-80	66	48	of	of	ADP
gujaf-80	66	49	the	the	DET
gujaf-80	66	50	level	level	NOUN
gujaf-80	66	51	that	that	PRON
gujaf-80	66	52	would	would	AUX
gujaf-80	66	53	be	be	AUX
gujaf-80	66	54	necessary	necessary	ADJ
gujaf-80	66	55	to	to	PART
gujaf-80	66	56	forestall	forestall	VERB
gujaf-80	66	57	economic	economic	ADJ
gujaf-80	66	58	or	or	CCONJ
gujaf-80	66	59	monetary	monetary	ADJ
gujaf-80	66	60	shocks	shock	NOUN
gujaf-80	66	61	that	that	PRON
gujaf-80	66	62	might	might	AUX
gujaf-80	66	63	occur	occur	VERB
gujaf-80	66	64	in	in	ADP
gujaf-80	66	65	the	the	DET
gujaf-80	66	66	event	event	NOUN
gujaf-80	66	67	of	of	ADP
gujaf-80	66	68	unforeseen	unforeseen	ADJ
gujaf-80	66	69	circumstances	circumstance	NOUN
gujaf-80	66	70	.	.	PUNCT
gujaf-80	67	1	this	this	PRON
gujaf-80	67	2	goes	go	VERB
gujaf-80	67	3	to	to	PART
gujaf-80	67	4	prove	prove	VERB
gujaf-80	67	5	that	that	SCONJ
gujaf-80	67	6	an	an	DET
gujaf-80	67	7	excess	excess	ADJ
gujaf-80	67	8	reserve	reserve	NOUN
gujaf-80	67	9	at	at	ADP
gujaf-80	67	10	times	time	NOUN
gujaf-80	67	11	is	be	AUX
gujaf-80	67	12	much	much	ADV
gujaf-80	67	13	more	more	ADJ
gujaf-80	67	14	of	of	ADP
gujaf-80	67	15	a	a	DET
gujaf-80	67	16	perceived	perceive	VERB
gujaf-80	67	17	fear	fear	NOUN
gujaf-80	67	18	that	that	PRON
gujaf-80	67	19	may	may	AUX
gujaf-80	67	20	lead	lead	VERB
gujaf-80	67	21	to	to	ADP
gujaf-80	67	22	uneconomic	uneconomic	ADJ
gujaf-80	67	23	hoarding	hoarding	NOUN
gujaf-80	67	24	rather	rather	ADV
gujaf-80	67	25	than	than	ADP
gujaf-80	67	26	a	a	DET
gujaf-80	67	27	deliberate	deliberate	ADJ
gujaf-80	67	28	economic	economic	ADJ
gujaf-80	67	29	policy	policy	NOUN
gujaf-80	67	30	to	to	PART
gujaf-80	67	31	safeguard	safeguard	VERB
gujaf-80	67	32	shocks	shock	NOUN
gujaf-80	67	33	.	.	PUNCT
gujaf-80	68	1	similarly	similarly	ADV
gujaf-80	68	2	,	,	PUNCT
gujaf-80	68	3	bianchi	bianchi	PROPN
gujaf-80	68	4	,	,	PUNCT
gujaf-80	68	5	hatchondo	hatchondo	PROPN
gujaf-80	68	6	and	and	CCONJ
gujaf-80	68	7	martinez	martinez	PROPN
gujaf-80	68	8	(	(	PUNCT
gujaf-80	68	9	2017	2017	NUM
gujaf-80	68	10	)	)	PUNCT
gujaf-80	68	11	found	find	VERB
gujaf-80	68	12	out	out	ADP
gujaf-80	68	13	that	that	SCONJ
gujaf-80	68	14	keeping	keep	VERB
gujaf-80	68	15	higher	high	ADJ
gujaf-80	68	16	levels	level	NOUN
gujaf-80	68	17	of	of	ADP
gujaf-80	68	18	reserves	reserve	NOUN
gujaf-80	68	19	provides	provide	VERB
gujaf-80	68	20	hedge	hedge	NOUN
gujaf-80	68	21	against	against	ADP
gujaf-80	68	22	rollover	rollover	NOUN
gujaf-80	68	23	risk	risk	NOUN
gujaf-80	68	24	and	and	CCONJ
gujaf-80	68	25	it	it	PRON
gujaf-80	68	26	is	be	AUX
gujaf-80	68	27	costly	costly	ADJ
gujaf-80	68	28	because	because	SCONJ
gujaf-80	68	29	payment	payment	NOUN
gujaf-80	68	30	of	of	ADP
gujaf-80	68	31	external	external	ADJ
gujaf-80	68	32	debt	debt	NOUN
gujaf-80	68	33	using	use	VERB
gujaf-80	68	34	foreign	foreign	ADJ
gujaf-80	68	35	reserves	reserve	NOUN
gujaf-80	68	36	allows	allow	VERB
gujaf-80	68	37	the	the	DET
gujaf-80	68	38	government	government	NOUN
gujaf-80	68	39	to	to	PART
gujaf-80	68	40	reduce	reduce	VERB
gujaf-80	68	41	sovereign	sovereign	ADJ
gujaf-80	68	42	spreads	spread	NOUN
gujaf-80	68	43	.	.	PUNCT
gujaf-80	69	1	qian	qian	PROPN
gujaf-80	69	2	and	and	CCONJ
gujaf-80	69	3	steiner	steiner	PROPN
gujaf-80	69	4	(	(	PUNCT
gujaf-80	69	5	2017	2017	NUM
gujaf-80	69	6	)	)	PUNCT
gujaf-80	69	7	examines	examine	VERB
gujaf-80	69	8	the	the	DET
gujaf-80	69	9	effect	effect	NOUN
gujaf-80	69	10	of	of	ADP
gujaf-80	69	11	central	central	ADJ
gujaf-80	69	12	banks	bank	NOUN
gujaf-80	69	13	’	’	PART
gujaf-80	69	14	demand	demand	NOUN
gujaf-80	69	15	and	and	CCONJ
gujaf-80	69	16	reserve	reserve	NOUN
gujaf-80	69	17	of	of	ADP
gujaf-80	69	18	foreign	foreign	ADJ
gujaf-80	69	19	reserve	reserve	NOUN
gujaf-80	69	20	on	on	ADP
gujaf-80	69	21	the	the	DET
gujaf-80	69	22	maturity	maturity	NOUN
gujaf-80	69	23	structure	structure	NOUN
gujaf-80	69	24	of	of	ADP
gujaf-80	69	25	countries	country	NOUN
gujaf-80	69	26	’	'	PUNCT
gujaf-80	69	27	external	external	ADJ
gujaf-80	69	28	debt	debt	NOUN
gujaf-80	69	29	for	for	ADP
gujaf-80	69	30	66	66	NUM
gujaf-80	69	31	developing	develop	VERB
gujaf-80	69	32	and	and	CCONJ
gujaf-80	69	33	emerging	emerge	VERB
gujaf-80	69	34	countries	country	NOUN
gujaf-80	69	35	.	.	PUNCT
gujaf-80	70	1	their	their	PRON
gujaf-80	70	2	study	study	NOUN
gujaf-80	70	3	found	find	VERB
gujaf-80	70	4	a	a	DET
gujaf-80	70	5	collateral	collateral	ADJ
gujaf-80	70	6	benefit	benefit	NOUN
gujaf-80	70	7	of	of	ADP
gujaf-80	70	8	reserves	reserve	NOUN
gujaf-80	70	9	.	.	PUNCT
gujaf-80	71	1	their	their	PRON
gujaf-80	71	2	study	study	NOUN
gujaf-80	71	3	suggests	suggest	VERB
gujaf-80	71	4	that	that	SCONJ
gujaf-80	71	5	while	while	SCONJ
gujaf-80	71	6	reserves	reserve	NOUN
gujaf-80	71	7	are	be	AUX
gujaf-80	71	8	accumulated	accumulate	VERB
gujaf-80	71	9	as	as	ADP
gujaf-80	71	10	insurance	insurance	NOUN
gujaf-80	71	11	against	against	ADP
gujaf-80	71	12	financial	financial	ADJ
gujaf-80	71	13	crises	crisis	NOUN
gujaf-80	71	14	.	.	PUNCT
gujaf-80	72	1	they	they	PRON
gujaf-80	72	2	also	also	ADV
gujaf-80	72	3	attract	attract	VERB
gujaf-80	72	4	those	those	DET
gujaf-80	72	5	types	type	NOUN
gujaf-80	72	6	of	of	ADP
gujaf-80	72	7	foreign	foreign	ADJ
gujaf-80	72	8	debt	debt	NOUN
gujaf-80	72	9	that	that	PRON
gujaf-80	72	10	reduce	reduce	VERB
gujaf-80	72	11	vulnerability	vulnerability	NOUN
gujaf-80	72	12	to	to	ADP
gujaf-80	72	13	sudden	sudden	ADJ
gujaf-80	72	14	stops	stop	NOUN
gujaf-80	72	15	and	and	CCONJ
gujaf-80	72	16	capital	capital	NOUN
gujaf-80	72	17	outflow	outflow	NOUN
gujaf-80	72	18	.	.	PUNCT
gujaf-80	73	1	similarly	similarly	ADV
gujaf-80	73	2	,	,	PUNCT
gujaf-80	73	3	allegret	allegret	VERB
gujaf-80	73	4	and	and	CCONJ
gujaf-80	73	5	sallenave	sallenave	VERB
gujaf-80	73	6	,	,	PUNCT
gujaf-80	73	7	(	(	PUNCT
gujaf-80	73	8	2018	2018	NUM
gujaf-80	73	9	)	)	PUNCT
gujaf-80	73	10	examines	examine	VERB
gujaf-80	73	11	the	the	DET
gujaf-80	73	12	impact	impact	NOUN
gujaf-80	73	13	of	of	ADP
gujaf-80	73	14	foreign	foreign	ADJ
gujaf-80	73	15	reserve	reserve	NOUN
gujaf-80	73	16	in	in	ADP
gujaf-80	73	17	halting	halt	VERB
gujaf-80	73	18	the	the	DET
gujaf-80	73	19	effect	effect	NOUN
gujaf-80	73	20	of	of	ADP
gujaf-80	73	21	external	external	ADJ
gujaf-80	73	22	financial	financial	ADJ
gujaf-80	73	23	shocks	shock	NOUN
gujaf-80	73	24	for	for	ADP
gujaf-80	73	25	9	9	NUM
gujaf-80	73	26	emerging	emerge	VERB
gujaf-80	73	27	economies	economy	NOUN
gujaf-80	73	28	for	for	ADP
gujaf-80	73	29	two	two	NUM
gujaf-80	73	30	different	different	ADJ
gujaf-80	73	31	period	period	NOUN
gujaf-80	73	32	gap	gap	NOUN
gujaf-80	73	33	using	use	VERB
gujaf-80	73	34	var	var	NOUN
gujaf-80	73	35	they	they	PRON
gujaf-80	73	36	find	find	VERB
gujaf-80	73	37	that	that	SCONJ
gujaf-80	73	38	the	the	DET
gujaf-80	73	39	effectiveness	effectiveness	NOUN
gujaf-80	73	40	of	of	ADP
gujaf-80	73	41	reserve	reserve	NOUN
gujaf-80	73	42	holding	hold	VERB
gujaf-80	73	43	to	to	PART
gujaf-80	73	44	improve	improve	VERB
gujaf-80	73	45	the	the	DET
gujaf-80	73	46	resilience	resilience	NOUN
gujaf-80	73	47	of	of	ADP
gujaf-80	73	48	domestic	domestic	ADJ
gujaf-80	73	49	economies	economy	NOUN
gujaf-80	73	50	to	to	ADP
gujaf-80	73	51	shocks	shock	NOUN
gujaf-80	73	52	has	have	AUX
gujaf-80	73	53	increased	increase	VERB
gujaf-80	73	54	over	over	ADP
gujaf-80	73	55	time	time	NOUN
gujaf-80	73	56	.	.	PUNCT
gujaf-80	74	1	aizeman	aizeman	PROPN
gujaf-80	74	2	,	,	PUNCT
gujaf-80	74	3	cheung	cheung	PROPN
gujaf-80	74	4	and	and	CCONJ
gujaf-80	74	5	ito	ito	PROPN
gujaf-80	74	6	(	(	PUNCT
gujaf-80	74	7	2014	2014	NUM
gujaf-80	74	8	)	)	PUNCT
gujaf-80	74	9	confirmed	confirm	VERB
gujaf-80	74	10	that	that	SCONJ
gujaf-80	74	11	a	a	DET
gujaf-80	74	12	change	change	NOUN
gujaf-80	74	13	in	in	ADP
gujaf-80	74	14	the	the	DET
gujaf-80	74	15	determinants	determinant	NOUN
gujaf-80	74	16	of	of	ADP
gujaf-80	74	17	foreign	foreign	ADJ
gujaf-80	74	18	reserve	reserve	NOUN
gujaf-80	74	19	is	be	AUX
gujaf-80	74	20	noticeable	noticeable	ADJ
gujaf-80	74	21	pre	pre	NOUN
gujaf-80	74	22	and	and	CCONJ
gujaf-80	74	23	post	post	VERB
gujaf-80	74	24	financial	financial	ADJ
gujaf-80	74	25	crises	crisis	NOUN
gujaf-80	74	26	era	era	NOUN
gujaf-80	74	27	for	for	ADP
gujaf-80	74	28	developing	develop	VERB
gujaf-80	74	29	and	and	CCONJ
gujaf-80	74	30	emerging	emerge	VERB
gujaf-80	74	31	economies	economy	NOUN
gujaf-80	74	32	.	.	PUNCT
gujaf-80	75	1	with	with	ADP
gujaf-80	75	2	emerging	emerge	VERB
gujaf-80	75	3	markets	market	NOUN
gujaf-80	75	4	having	have	VERB
gujaf-80	75	5	lower	low	ADJ
gujaf-80	75	6	savings	saving	NOUN
gujaf-80	75	7	identified	identify	VERB
gujaf-80	75	8	with	with	ADP
gujaf-80	75	9	high	high	ADJ
gujaf-80	75	10	foreign	foreign	ADJ
gujaf-80	75	11	exchange	exchange	NOUN
gujaf-80	75	12	reserve	reserve	NOUN
gujaf-80	75	13	and	and	CCONJ
gujaf-80	75	14	developed	developed	ADJ
gujaf-80	75	15	countries	country	NOUN
gujaf-80	75	16	displaying	display	VERB
gujaf-80	75	17	lower	low	ADJ
gujaf-80	75	18	savings	saving	NOUN
gujaf-80	75	19	pattern	pattern	NOUN
gujaf-80	75	20	associated	associate	VERB
gujaf-80	75	21	with	with	ADP
gujaf-80	75	22	lower	low	ADJ
gujaf-80	75	23	foreign	foreign	ADJ
gujaf-80	75	24	reserve	reserve	NOUN
gujaf-80	75	25	.	.	PUNCT
gujaf-80	76	1	accumulating	accumulate	VERB
gujaf-80	76	2	exchange	exchange	NOUN
gujaf-80	76	3	reserves	reserve	NOUN
gujaf-80	76	4	have	have	AUX
gujaf-80	76	5	been	be	AUX
gujaf-80	76	6	observed	observe	VERB
gujaf-80	76	7	to	to	PART
gujaf-80	76	8	have	have	VERB
gujaf-80	76	9	far	far	ADV
gujaf-80	76	10	-	-	PUNCT
gujaf-80	76	11	reaching	reach	VERB
gujaf-80	76	12	economic	economic	ADJ
gujaf-80	76	13	implication	implication	NOUN
gujaf-80	76	14	particularly	particularly	ADV
gujaf-80	76	15	in	in	ADP
gujaf-80	76	16	developing	develop	VERB
gujaf-80	76	17	countries	country	NOUN
gujaf-80	76	18	;	;	PUNCT
gujaf-80	76	19	it	it	PRON
gujaf-80	76	20	increases	increase	VERB
gujaf-80	76	21	the	the	DET
gujaf-80	76	22	investment	investment	NOUN
gujaf-80	76	23	/	/	SYM
gujaf-80	76	24	gdp	gdp	NOUN
gujaf-80	76	25	ratio	ratio	NOUN
gujaf-80	76	26	and	and	CCONJ
gujaf-80	76	27	capital	capital	NOUN
gujaf-80	76	28	productivity	productivity	NOUN
gujaf-80	76	29	both	both	CCONJ
gujaf-80	76	30	in	in	ADP
gujaf-80	76	31	the	the	DET
gujaf-80	76	32	short	short	ADJ
gujaf-80	76	33	-	-	PUNCT
gujaf-80	76	34	run	run	NOUN
gujaf-80	76	35	and	and	CCONJ
gujaf-80	76	36	long	long	ADV
gujaf-80	76	37	-	-	PUNCT
gujaf-80	76	38	run	run	NOUN
gujaf-80	76	39	.	.	PUNCT
gujaf-80	77	1	the	the	DET
gujaf-80	77	2	buildup	buildup	NOUN
gujaf-80	77	3	of	of	ADP
gujaf-80	77	4	fer	fer	PROPN
gujaf-80	77	5	gives	give	VERB
gujaf-80	77	6	credibility	credibility	NOUN
gujaf-80	77	7	to	to	ADP
gujaf-80	77	8	the	the	DET
gujaf-80	77	9	government	government	NOUN
gujaf-80	77	10	and	and	CCONJ
gujaf-80	77	11	therefore	therefore	ADV
gujaf-80	77	12	,	,	PUNCT
gujaf-80	77	13	triggers	trigger	VERB
gujaf-80	77	14	foreign	foreign	ADJ
gujaf-80	77	15	investment	investment	NOUN
gujaf-80	77	16	(	(	PUNCT
gujaf-80	77	17	polterovich	polterovich	NOUN
gujaf-80	77	18	&	&	CCONJ
gujaf-80	77	19	popov	popov	PROPN
gujaf-80	77	20	,	,	PUNCT
gujaf-80	77	21	2000	2000	NUM
gujaf-80	77	22	)	)	PUNCT
gujaf-80	77	23	.	.	PUNCT
gujaf-80	78	1	gusau	gusau	PROPN
gujaf-80	78	2	journal	journal	PROPN
gujaf-80	78	3	of	of	ADP
gujaf-80	78	4	accounting	accounting	NOUN
gujaf-80	78	5	and	and	CCONJ
gujaf-80	78	6	finance	finance	NOUN
gujaf-80	78	7	,	,	PUNCT
gujaf-80	78	8	vol	vol	NOUN
gujaf-80	78	9	.	.	PROPN
gujaf-80	78	10	2	2	NUM
gujaf-80	78	11	,	,	PUNCT
gujaf-80	78	12	issue	issue	NOUN
gujaf-80	78	13	3	3	NUM
gujaf-80	78	14	,	,	PUNCT
gujaf-80	78	15	april	april	PROPN
gujaf-80	78	16	,	,	PUNCT
gujaf-80	78	17	2021	2021	NUM
gujaf-80	78	18	7	7	NUM
gujaf-80	78	19	while	while	NOUN
gujaf-80	78	20	,	,	PUNCT
gujaf-80	78	21	gopalakrishnan	gopalakrishnan	NOUN
gujaf-80	78	22	and	and	CCONJ
gujaf-80	78	23	mohopra	mohopra	NOUN
gujaf-80	78	24	,	,	PUNCT
gujaf-80	78	25	(	(	PUNCT
gujaf-80	78	26	2017	2017	NUM
gujaf-80	78	27	)	)	PUNCT
gujaf-80	78	28	for	for	ADP
gujaf-80	78	29	a	a	DET
gujaf-80	78	30	sample	sample	NOUN
gujaf-80	78	31	of	of	ADP
gujaf-80	78	32	100	100	NUM
gujaf-80	78	33	countries	country	NOUN
gujaf-80	78	34	for	for	ADP
gujaf-80	78	35	a	a	DET
gujaf-80	78	36	period	period	NOUN
gujaf-80	78	37	of	of	ADP
gujaf-80	78	38	25	25	NUM
gujaf-80	78	39	years	year	NOUN
gujaf-80	78	40	using	use	VERB
gujaf-80	78	41	the	the	DET
gujaf-80	78	42	system	system	NOUN
gujaf-80	78	43	generalized	generalize	VERB
gujaf-80	78	44	method	method	NOUN
gujaf-80	78	45	of	of	ADP
gujaf-80	78	46	moments	moment	NOUN
gujaf-80	78	47	found	find	VERB
gujaf-80	78	48	out	out	ADP
gujaf-80	78	49	that	that	SCONJ
gujaf-80	78	50	gold	gold	ADJ
gujaf-80	78	51	reserves	reserve	NOUN
gujaf-80	78	52	are	be	AUX
gujaf-80	78	53	significant	significant	ADJ
gujaf-80	78	54	part	part	NOUN
gujaf-80	78	55	of	of	ADP
gujaf-80	78	56	foreign	foreign	ADJ
gujaf-80	78	57	exchange	exchange	NOUN
gujaf-80	78	58	reserves	reserve	NOUN
gujaf-80	78	59	and	and	CCONJ
gujaf-80	78	60	are	be	AUX
gujaf-80	78	61	more	more	ADV
gujaf-80	78	62	responsive	responsive	ADJ
gujaf-80	78	63	to	to	ADP
gujaf-80	78	64	global	global	ADJ
gujaf-80	78	65	risks	risk	NOUN
gujaf-80	78	66	reiterating	reiterate	VERB
gujaf-80	78	67	the	the	DET
gujaf-80	78	68	importance	importance	NOUN
gujaf-80	78	69	of	of	ADP
gujaf-80	78	70	gold	gold	NOUN
gujaf-80	78	71	as	as	ADP
gujaf-80	78	72	a	a	DET
gujaf-80	78	73	hedge	hedge	NOUN
gujaf-80	78	74	against	against	ADP
gujaf-80	78	75	potential	potential	ADJ
gujaf-80	78	76	vulnerabilities	vulnerability	NOUN
gujaf-80	78	77	faced	face	VERB
gujaf-80	78	78	by	by	ADP
gujaf-80	78	79	an	an	DET
gujaf-80	78	80	economy	economy	NOUN
gujaf-80	78	81	.	.	PUNCT
gujaf-80	79	1	in	in	ADP
gujaf-80	79	2	explaining	explain	VERB
gujaf-80	79	3	the	the	DET
gujaf-80	79	4	rush	rush	NOUN
gujaf-80	79	5	for	for	ADP
gujaf-80	79	6	foreign	foreign	ADJ
gujaf-80	79	7	reserves	reserve	NOUN
gujaf-80	79	8	associated	associate	VERB
gujaf-80	79	9	with	with	ADP
gujaf-80	79	10	asian	asian	ADJ
gujaf-80	79	11	countries	country	NOUN
gujaf-80	79	12	after	after	ADP
gujaf-80	79	13	1997	1997	NUM
gujaf-80	79	14	crises	crisis	NOUN
gujaf-80	79	15	,	,	PUNCT
gujaf-80	79	16	cheung	cheung	PROPN
gujaf-80	79	17	,	,	PUNCT
gujaf-80	79	18	qian	qian	PROPN
gujaf-80	79	19	and	and	CCONJ
gujaf-80	79	20	remolara	remolara	NOUN
gujaf-80	79	21	,	,	PUNCT
gujaf-80	79	22	(	(	PUNCT
gujaf-80	79	23	2018	2018	NUM
gujaf-80	79	24	)	)	PUNCT
gujaf-80	79	25	observed	observe	VERB
gujaf-80	79	26	that	that	SCONJ
gujaf-80	79	27	only	only	ADV
gujaf-80	79	28	a	a	DET
gujaf-80	79	29	couple	couple	NOUN
gujaf-80	79	30	of	of	ADP
gujaf-80	79	31	asian	asian	ADJ
gujaf-80	79	32	countries	country	NOUN
gujaf-80	79	33	have	have	AUX
gujaf-80	79	34	been	be	AUX
gujaf-80	79	35	holding	hold	VERB
gujaf-80	79	36	excessive	excessive	ADJ
gujaf-80	79	37	reserves	reserve	NOUN
gujaf-80	79	38	,	,	PUNCT
gujaf-80	79	39	some	some	PRON
gujaf-80	79	40	were	be	AUX
gujaf-80	79	41	actually	actually	ADV
gujaf-80	79	42	holding	hold	VERB
gujaf-80	79	43	less	less	ADJ
gujaf-80	79	44	reserves	reserve	NOUN
gujaf-80	79	45	and	and	CCONJ
gujaf-80	79	46	what	what	PRON
gujaf-80	79	47	led	lead	VERB
gujaf-80	79	48	to	to	ADP
gujaf-80	79	49	the	the	DET
gujaf-80	79	50	accumulation	accumulation	NOUN
gujaf-80	79	51	of	of	ADP
gujaf-80	79	52	fer	fer	PROPN
gujaf-80	79	53	was	be	AUX
gujaf-80	79	54	actually	actually	ADV
gujaf-80	79	55	the	the	DET
gujaf-80	79	56	joneses	joneses	PROPN
gujaf-80	79	57	effect	effect	NOUN
gujaf-80	79	58	and	and	CCONJ
gujaf-80	79	59	that	that	DET
gujaf-80	79	60	country	country	NOUN
gujaf-80	79	61	that	that	PRON
gujaf-80	79	62	finds	find	VERB
gujaf-80	79	63	itself	itself	PRON
gujaf-80	79	64	vulnerable	vulnerable	ADJ
gujaf-80	79	65	than	than	ADP
gujaf-80	79	66	its	its	PRON
gujaf-80	79	67	neighbors	neighbor	NOUN
gujaf-80	79	68	would	would	AUX
gujaf-80	79	69	tend	tend	VERB
gujaf-80	79	70	to	to	PART
gujaf-80	79	71	accumulate	accumulate	VERB
gujaf-80	79	72	more	more	ADJ
gujaf-80	79	73	reserves	reserve	NOUN
gujaf-80	79	74	.	.	PUNCT
gujaf-80	80	1	tong	tong	PROPN
gujaf-80	80	2	and	and	CCONJ
gujaf-80	80	3	jin	jin	PROPN
gujaf-80	80	4	-	-	PUNCT
gujaf-80	80	5	wei	wei	PROPN
gujaf-80	80	6	(	(	PUNCT
gujaf-80	80	7	2019	2019	NUM
gujaf-80	80	8	)	)	PUNCT
gujaf-80	80	9	in	in	ADP
gujaf-80	80	10	a	a	DET
gujaf-80	80	11	micromacro	micromacro	NOUN
gujaf-80	80	12	analysis	analysis	NOUN
gujaf-80	80	13	of	of	ADP
gujaf-80	80	14	foreign	foreign	ADJ
gujaf-80	80	15	exchange	exchange	NOUN
gujaf-80	80	16	reserve	reserve	NOUN
gujaf-80	80	17	and	and	CCONJ
gujaf-80	80	18	its	its	PRON
gujaf-80	80	19	relationship	relationship	NOUN
gujaf-80	80	20	with	with	ADP
gujaf-80	80	21	firms	firm	NOUN
gujaf-80	80	22	at	at	ADP
gujaf-80	80	23	micro	micro	ADJ
gujaf-80	80	24	level	level	NOUN
gujaf-80	80	25	for	for	ADP
gujaf-80	80	26	6610	6610	NUM
gujaf-80	80	27	non	non	ADJ
gujaf-80	80	28	-	-	ADJ
gujaf-80	80	29	financial	financial	ADJ
gujaf-80	80	30	firms	firm	NOUN
gujaf-80	80	31	for	for	ADP
gujaf-80	80	32	in	in	ADP
gujaf-80	80	33	emerging	emerge	VERB
gujaf-80	80	34	countries	country	NOUN
gujaf-80	80	35	for	for	ADP
gujaf-80	80	36	a	a	DET
gujaf-80	80	37	period	period	NOUN
gujaf-80	80	38	of	of	ADP
gujaf-80	80	39	6	6	NUM
gujaf-80	80	40	years	year	NOUN
gujaf-80	80	41	,	,	PUNCT
gujaf-80	80	42	the	the	DET
gujaf-80	80	43	study	study	NOUN
gujaf-80	80	44	reveals	reveal	VERB
gujaf-80	80	45	that	that	SCONJ
gujaf-80	80	46	foreign	foreign	ADJ
gujaf-80	80	47	exchange	exchange	NOUN
gujaf-80	80	48	reserves	reserve	NOUN
gujaf-80	80	49	leads	lead	VERB
gujaf-80	80	50	to	to	ADP
gujaf-80	80	51	high	high	ADJ
gujaf-80	80	52	leverage	leverage	NOUN
gujaf-80	80	53	cost	cost	NOUN
gujaf-80	80	54	while	while	SCONJ
gujaf-80	80	55	reducing	reduce	VERB
gujaf-80	80	56	large	large	ADJ
gujaf-80	80	57	scale	scale	NOUN
gujaf-80	80	58	economic	economic	ADJ
gujaf-80	80	59	distortions	distortion	NOUN
gujaf-80	80	60	.	.	PUNCT
gujaf-80	81	1	in	in	ADP
gujaf-80	81	2	a	a	DET
gujaf-80	81	3	recent	recent	ADJ
gujaf-80	81	4	study	study	NOUN
gujaf-80	81	5	,	,	PUNCT
gujaf-80	81	6	bianchi	bianchi	PROPN
gujaf-80	81	7	and	and	CCONJ
gujaf-80	81	8	sosa	sosa	PROPN
gujaf-80	81	9	-	-	PUNCT
gujaf-80	81	10	padilla	padilla	PROPN
gujaf-80	81	11	(	(	PUNCT
gujaf-80	81	12	2020	2020	NUM
gujaf-80	81	13	)	)	PUNCT
gujaf-80	81	14	examine	examine	VERB
gujaf-80	81	15	the	the	DET
gujaf-80	81	16	relationship	relationship	NOUN
gujaf-80	81	17	between	between	ADP
gujaf-80	81	18	exchange	exchange	NOUN
gujaf-80	81	19	reserves	reserve	NOUN
gujaf-80	81	20	,	,	PUNCT
gujaf-80	81	21	macroeconomic	macroeconomic	ADJ
gujaf-80	81	22	stability	stability	NOUN
gujaf-80	81	23	and	and	CCONJ
gujaf-80	81	24	sovereign	sovereign	ADJ
gujaf-80	81	25	risk	risk	NOUN
gujaf-80	81	26	for	for	ADP
gujaf-80	81	27	23	23	NUM
gujaf-80	81	28	emerging	emerge	VERB
gujaf-80	81	29	economies	economy	NOUN
gujaf-80	81	30	for	for	ADP
gujaf-80	81	31	the	the	DET
gujaf-80	81	32	period	period	NOUN
gujaf-80	81	33	1990	1990	NUM
gujaf-80	81	34	-	-	SYM
gujaf-80	81	35	2015	2015	NUM
gujaf-80	81	36	,	,	PUNCT
gujaf-80	81	37	the	the	DET
gujaf-80	81	38	results	result	NOUN
gujaf-80	81	39	shows	show	VERB
gujaf-80	81	40	that	that	SCONJ
gujaf-80	81	41	a	a	DET
gujaf-80	81	42	sudden	sudden	ADJ
gujaf-80	81	43	drop	drop	NOUN
gujaf-80	81	44	in	in	ADP
gujaf-80	81	45	exchange	exchange	NOUN
gujaf-80	81	46	reserve	reserve	NOUN
gujaf-80	81	47	is	be	AUX
gujaf-80	81	48	as	as	ADP
gujaf-80	81	49	a	a	DET
gujaf-80	81	50	result	result	NOUN
gujaf-80	81	51	of	of	ADP
gujaf-80	81	52	government	government	NOUN
gujaf-80	81	53	large	large	ADJ
gujaf-80	81	54	withdrawal	withdrawal	NOUN
gujaf-80	81	55	to	to	PART
gujaf-80	81	56	sponsor	sponsor	VERB
gujaf-80	81	57	increase	increase	NOUN
gujaf-80	81	58	in	in	ADP
gujaf-80	81	59	aggregate	aggregate	ADJ
gujaf-80	81	60	demand	demand	NOUN
gujaf-80	81	61	in	in	ADP
gujaf-80	81	62	hard	hard	ADJ
gujaf-80	81	63	currencies	currency	NOUN
gujaf-80	81	64	.	.	PUNCT
gujaf-80	82	1	kalu	kalu	PROPN
gujaf-80	82	2	,	,	PUNCT
gujaf-80	82	3	ugwu	ugwu	ADV
gujaf-80	82	4	,	,	PUNCT
gujaf-80	82	5	ndubuaku	ndubuaku	PROPN
gujaf-80	82	6	and	and	CCONJ
gujaf-80	82	7	ifeanyi	ifeanyi	PROPN
gujaf-80	82	8	(	(	PUNCT
gujaf-80	82	9	2019	2019	NUM
gujaf-80	82	10	)	)	PUNCT
gujaf-80	82	11	measured	measure	VERB
gujaf-80	82	12	the	the	DET
gujaf-80	82	13	responsiveness	responsiveness	NOUN
gujaf-80	82	14	of	of	ADP
gujaf-80	82	15	foreign	foreign	ADJ
gujaf-80	82	16	reserves	reserve	NOUN
gujaf-80	82	17	to	to	PART
gujaf-80	82	18	exchange	exchange	VERB
gujaf-80	82	19	rate	rate	NOUN
gujaf-80	82	20	in	in	ADP
gujaf-80	82	21	nigeria	nigeria	PROPN
gujaf-80	82	22	using	use	VERB
gujaf-80	82	23	ardl	ardl	NOUN
gujaf-80	82	24	and	and	CCONJ
gujaf-80	82	25	found	find	VERB
gujaf-80	82	26	a	a	DET
gujaf-80	82	27	positive	positive	ADJ
gujaf-80	82	28	relationship	relationship	NOUN
gujaf-80	82	29	between	between	ADP
gujaf-80	82	30	exchange	exchange	NOUN
gujaf-80	82	31	rate	rate	NOUN
gujaf-80	82	32	and	and	CCONJ
gujaf-80	82	33	fer	fer	NOUN
gujaf-80	82	34	both	both	PRON
gujaf-80	82	35	nominal	nominal	ADJ
gujaf-80	82	36	and	and	CCONJ
gujaf-80	82	37	real	real	ADJ
gujaf-80	82	38	.	.	PUNCT
gujaf-80	83	1	osabuohien	osabuohien	PROPN
gujaf-80	83	2	and	and	CCONJ
gujaf-80	83	3	egwakhe	egwakhe	ADJ
gujaf-80	83	4	,	,	PUNCT
gujaf-80	83	5	(	(	PUNCT
gujaf-80	83	6	2008	2008	NUM
gujaf-80	83	7	)	)	PUNCT
gujaf-80	83	8	in	in	ADP
gujaf-80	83	9	a	a	DET
gujaf-80	83	10	bid	bid	NOUN
gujaf-80	83	11	to	to	PART
gujaf-80	83	12	determine	determine	VERB
gujaf-80	83	13	the	the	DET
gujaf-80	83	14	relationship	relationship	NOUN
gujaf-80	83	15	between	between	ADP
gujaf-80	83	16	external	external	ADJ
gujaf-80	83	17	reserve	reserve	PROPN
gujaf-80	83	18	and	and	CCONJ
gujaf-80	83	19	economic	economic	ADJ
gujaf-80	83	20	growth	growth	NOUN
gujaf-80	83	21	in	in	ADP
gujaf-80	83	22	nigeria	nigeria	PROPN
gujaf-80	83	23	for	for	ADP
gujaf-80	83	24	the	the	DET
gujaf-80	83	25	period	period	NOUN
gujaf-80	83	26	1994	1994	NUM
gujaf-80	83	27	-	-	SYM
gujaf-80	83	28	2005	2005	NUM
gujaf-80	83	29	,	,	PUNCT
gujaf-80	83	30	using	use	VERB
gujaf-80	83	31	error	error	NOUN
gujaf-80	83	32	correction	correction	NOUN
gujaf-80	83	33	model	model	NOUN
gujaf-80	83	34	(	(	PUNCT
gujaf-80	83	35	ecm	ecm	PROPN
gujaf-80	83	36	)	)	PUNCT
gujaf-80	83	37	,	,	PUNCT
gujaf-80	83	38	the	the	DET
gujaf-80	83	39	study	study	NOUN
gujaf-80	83	40	found	find	VERB
gujaf-80	83	41	a	a	DET
gujaf-80	83	42	positive	positive	ADJ
gujaf-80	83	43	relationship	relationship	NOUN
gujaf-80	83	44	exist	exist	VERB
gujaf-80	83	45	between	between	ADP
gujaf-80	83	46	exchange	exchange	NOUN
gujaf-80	83	47	rate	rate	NOUN
gujaf-80	83	48	and	and	CCONJ
gujaf-80	83	49	foreign	foreign	ADJ
gujaf-80	83	50	reserve	reserve	NOUN
gujaf-80	83	51	in	in	ADP
gujaf-80	83	52	providing	provide	VERB
gujaf-80	83	53	exchange	exchange	NOUN
gujaf-80	83	54	rate	rate	NOUN
gujaf-80	83	55	stability	stability	NOUN
gujaf-80	83	56	,	,	PUNCT
gujaf-80	83	57	however	however	ADV
gujaf-80	83	58	,	,	PUNCT
gujaf-80	83	59	domestic	domestic	ADJ
gujaf-80	83	60	efficiency	efficiency	NOUN
gujaf-80	83	61	and	and	CCONJ
gujaf-80	83	62	considerations	consideration	NOUN
gujaf-80	83	63	should	should	AUX
gujaf-80	83	64	be	be	AUX
gujaf-80	83	65	preferred	prefer	VERB
gujaf-80	83	66	in	in	ADP
gujaf-80	83	67	attaining	attain	VERB
gujaf-80	83	68	a	a	DET
gujaf-80	83	69	satisfactory	satisfactory	ADJ
gujaf-80	83	70	economic	economic	ADJ
gujaf-80	83	71	performance	performance	NOUN
gujaf-80	83	72	,	,	PUNCT
gujaf-80	83	73	while	while	SCONJ
gujaf-80	83	74	ensuring	ensure	VERB
gujaf-80	83	75	exchange	exchange	NOUN
gujaf-80	83	76	rate	rate	NOUN
gujaf-80	83	77	stability	stability	NOUN
gujaf-80	83	78	with	with	ADP
gujaf-80	83	79	an	an	DET
gujaf-80	83	80	appropriate	appropriate	ADJ
gujaf-80	83	81	level	level	NOUN
gujaf-80	83	82	of	of	ADP
gujaf-80	83	83	external	external	ADJ
gujaf-80	83	84	reserve	reserve	NOUN
gujaf-80	83	85	in	in	ADP
gujaf-80	83	86	nigeria	nigeria	PROPN
gujaf-80	83	87	.	.	PUNCT
gujaf-80	84	1	abdullateef	abdullateef	PROPN
gujaf-80	84	2	and	and	CCONJ
gujaf-80	84	3	wahed	wahe	VERB
gujaf-80	84	4	,	,	PUNCT
gujaf-80	84	5	(	(	PUNCT
gujaf-80	84	6	2010	2010	NUM
gujaf-80	84	7	)	)	PUNCT
gujaf-80	84	8	investigate	investigate	VERB
gujaf-80	84	9	the	the	DET
gujaf-80	84	10	impact	impact	NOUN
gujaf-80	84	11	of	of	ADP
gujaf-80	84	12	change	change	NOUN
gujaf-80	84	13	in	in	ADP
gujaf-80	84	14	external	external	ADJ
gujaf-80	84	15	reserves	reserve	NOUN
gujaf-80	84	16	or	or	CCONJ
gujaf-80	84	17	domestic	domestic	ADJ
gujaf-80	84	18	investment	investment	NOUN
gujaf-80	84	19	,	,	PUNCT
gujaf-80	84	20	inflations	inflation	VERB
gujaf-80	84	21	rate	rate	NOUN
gujaf-80	84	22	and	and	CCONJ
gujaf-80	84	23	exchange	exchange	NOUN
gujaf-80	84	24	rate	rate	NOUN
gujaf-80	84	25	using	use	VERB
gujaf-80	84	26	ols	ol	NOUN
gujaf-80	84	27	and	and	CCONJ
gujaf-80	84	28	ecm	ecm	PROPN
gujaf-80	84	29	in	in	ADP
gujaf-80	84	30	nigeria	nigeria	PROPN
gujaf-80	84	31	.	.	PUNCT
gujaf-80	85	1	they	they	PRON
gujaf-80	85	2	found	find	VERB
gujaf-80	85	3	out	out	ADP
gujaf-80	85	4	that	that	SCONJ
gujaf-80	85	5	changes	change	NOUN
gujaf-80	85	6	in	in	ADP
gujaf-80	85	7	fer	fer	PROPN
gujaf-80	85	8	only	only	ADV
gujaf-80	85	9	affects	affect	VERB
gujaf-80	85	10	fdi	fdi	ADJ
gujaf-80	85	11	and	and	CCONJ
gujaf-80	85	12	exchange	exchange	NOUN
gujaf-80	85	13	rate	rate	NOUN
gujaf-80	85	14	and	and	CCONJ
gujaf-80	85	15	no	no	DET
gujaf-80	85	16	influence	influence	NOUN
gujaf-80	85	17	was	be	AUX
gujaf-80	85	18	observable	observable	ADJ
gujaf-80	85	19	on	on	ADP
gujaf-80	85	20	domestic	domestic	ADJ
gujaf-80	85	21	investment	investment	NOUN
gujaf-80	85	22	and	and	CCONJ
gujaf-80	85	23	inflation	inflation	NOUN
gujaf-80	85	24	rate	rate	NOUN
gujaf-80	85	25	.	.	PUNCT
gujaf-80	86	1	in	in	ADP
gujaf-80	86	2	a	a	DET
gujaf-80	86	3	later	later	ADJ
gujaf-80	86	4	study	study	NOUN
gujaf-80	86	5	,	,	PUNCT
gujaf-80	86	6	onwuka	onwuka	NOUN
gujaf-80	86	7	and	and	CCONJ
gujaf-80	86	8	igweze	igweze	ADJ
gujaf-80	86	9	(	(	PUNCT
gujaf-80	86	10	2014	2014	NUM
gujaf-80	86	11	)	)	PUNCT
gujaf-80	86	12	examines	examine	VERB
gujaf-80	86	13	foreign	foreign	ADJ
gujaf-80	86	14	exchange	exchange	PROPN
gujaf-80	86	15	reserve	reserve	PROPN
gujaf-80	86	16	link	link	NOUN
gujaf-80	86	17	to	to	PART
gujaf-80	86	18	exchange	exchange	VERB
gujaf-80	86	19	rate	rate	NOUN
gujaf-80	86	20	in	in	ADP
gujaf-80	86	21	nigeria	nigeria	PROPN
gujaf-80	86	22	.	.	PUNCT
gujaf-80	87	1	the	the	PRON
gujaf-80	87	2	found	find	VERB
gujaf-80	87	3	that	that	SCONJ
gujaf-80	87	4	external	external	ADJ
gujaf-80	87	5	reserve	reserve	NOUN
gujaf-80	87	6	and	and	CCONJ
gujaf-80	87	7	foreign	foreign	ADJ
gujaf-80	87	8	debt	debt	NOUN
gujaf-80	87	9	have	have	VERB
gujaf-80	87	10	significant	significant	ADJ
gujaf-80	87	11	contributions	contribution	NOUN
gujaf-80	87	12	to	to	ADP
gujaf-80	87	13	the	the	DET
gujaf-80	87	14	usd	usd	NOUN
gujaf-80	87	15	/	/	SYM
gujaf-80	87	16	naira	naira	NOUN
gujaf-80	87	17	.	.	PUNCT
gujaf-80	88	1	on	on	ADP
gujaf-80	88	2	the	the	DET
gujaf-80	88	3	other	other	ADJ
gujaf-80	88	4	hand	hand	NOUN
gujaf-80	88	5	,	,	PUNCT
gujaf-80	88	6	obstfeld	obstfeld	VERB
gujaf-80	88	7	,	,	PUNCT
gujaf-80	88	8	shambaugh	shambaugh	NOUN
gujaf-80	88	9	and	and	CCONJ
gujaf-80	88	10	taylor	taylor	PROPN
gujaf-80	88	11	(	(	PUNCT
gujaf-80	88	12	2008	2008	NUM
gujaf-80	88	13	)	)	PUNCT
gujaf-80	88	14	suggested	suggest	VERB
gujaf-80	88	15	a	a	DET
gujaf-80	88	16	financial	financial	ADJ
gujaf-80	88	17	stability	stability	NOUN
gujaf-80	88	18	and	and	CCONJ
gujaf-80	88	19	openness	openness	NOUN
gujaf-80	88	20	approach	approach	NOUN
gujaf-80	88	21	to	to	ADP
gujaf-80	88	22	explaining	explain	VERB
gujaf-80	88	23	reserve	reserve	NOUN
gujaf-80	88	24	holding	hold	VERB
gujaf-80	88	25	in	in	ADP
gujaf-80	88	26	the	the	DET
gujaf-80	88	27	era	era	NOUN
gujaf-80	88	28	of	of	ADP
gujaf-80	88	29	globalized	globalize	VERB
gujaf-80	88	30	capital	capital	NOUN
gujaf-80	88	31	markets	market	NOUN
gujaf-80	88	32	in	in	ADP
gujaf-80	88	33	emerging	emerge	VERB
gujaf-80	88	34	market	market	NOUN
gujaf-80	88	35	for	for	ADP
gujaf-80	88	36	a	a	DET
gujaf-80	88	37	25	25	NUM
gujaf-80	88	38	years	year	NOUN
gujaf-80	88	39	period	period	NOUN
gujaf-80	88	40	;	;	PUNCT
gujaf-80	88	41	their	their	PRON
gujaf-80	88	42	study	study	NOUN
gujaf-80	88	43	concluded	conclude	VERB
gujaf-80	88	44	that	that	SCONJ
gujaf-80	88	45	the	the	DET
gujaf-80	88	46	framework	framework	NOUN
gujaf-80	88	47	is	be	AUX
gujaf-80	88	48	well	well	ADV
gujaf-80	88	49	ahead	ahead	ADV
gujaf-80	88	50	of	of	ADP
gujaf-80	88	51	its	its	PRON
gujaf-80	88	52	time	time	NOUN
gujaf-80	88	53	and	and	CCONJ
gujaf-80	88	54	perfect	perfect	ADJ
gujaf-80	88	55	for	for	ADP
gujaf-80	88	56	providing	provide	VERB
gujaf-80	88	57	stability	stability	NOUN
gujaf-80	88	58	for	for	ADP
gujaf-80	88	59	both	both	CCONJ
gujaf-80	88	60	current	current	ADJ
gujaf-80	88	61	and	and	CCONJ
gujaf-80	88	62	future	future	ADJ
gujaf-80	88	63	financial	financial	ADJ
gujaf-80	88	64	and	and	CCONJ
gujaf-80	88	65	economic	economic	ADJ
gujaf-80	88	66	shocks	shock	NOUN
gujaf-80	88	67	.	.	PUNCT
gujaf-80	89	1	the	the	DET
gujaf-80	89	2	theoretical	theoretical	ADJ
gujaf-80	89	3	foundation	foundation	NOUN
gujaf-80	89	4	for	for	ADP
gujaf-80	89	5	this	this	DET
gujaf-80	89	6	study	study	NOUN
gujaf-80	89	7	is	be	AUX
gujaf-80	89	8	closely	closely	ADV
gujaf-80	89	9	aligned	align	VERB
gujaf-80	89	10	with	with	ADP
gujaf-80	89	11	the	the	DET
gujaf-80	89	12	macroeconomic	macroeconomic	ADJ
gujaf-80	89	13	stabilization	stabilization	NOUN
gujaf-80	89	14	theory	theory	NOUN
gujaf-80	89	15	which	which	PRON
gujaf-80	89	16	posits	posit	VERB
gujaf-80	89	17	that	that	SCONJ
gujaf-80	89	18	many	many	ADJ
gujaf-80	89	19	african	african	ADJ
gujaf-80	89	20	countries	country	NOUN
gujaf-80	89	21	including	include	VERB
gujaf-80	89	22	nigeria	nigeria	PROPN
gujaf-80	89	23	argued	argue	VERB
gujaf-80	89	24	that	that	SCONJ
gujaf-80	89	25	adequate	adequate	ADJ
gujaf-80	89	26	foreign	foreign	ADJ
gujaf-80	89	27	reserves	reserve	NOUN
gujaf-80	89	28	may	may	AUX
gujaf-80	89	29	allow	allow	VERB
gujaf-80	89	30	them	they	PRON
gujaf-80	89	31	to	to	PART
gujaf-80	89	32	borrow	borrow	VERB
gujaf-80	89	33	abroad	abroad	ADV
gujaf-80	89	34	,	,	PUNCT
gujaf-80	89	35	attract	attract	VERB
gujaf-80	89	36	foreign	foreign	ADJ
gujaf-80	89	37	capital	capital	NOUN
gujaf-80	89	38	and	and	CCONJ
gujaf-80	89	39	promote	promote	VERB
gujaf-80	89	40	domestic	domestic	ADJ
gujaf-80	89	41	private	private	ADJ
gujaf-80	89	42	investment	investment	NOUN
gujaf-80	89	43	as	as	ADP
gujaf-80	89	44	a	a	DET
gujaf-80	89	45	result	result	NOUN
gujaf-80	89	46	of	of	ADP
gujaf-80	89	47	strengthened	strengthen	VERB
gujaf-80	89	48	external	external	ADJ
gujaf-80	89	49	position	position	NOUN
gujaf-80	89	50	and	and	CCONJ
gujaf-80	89	51	reduced	reduce	VERB
gujaf-80	89	52	vulnerability	vulnerability	NOUN
gujaf-80	89	53	to	to	ADP
gujaf-80	89	54	external	external	ADJ
gujaf-80	89	55	shocks	shock	NOUN
gujaf-80	89	56	.	.	PUNCT
gujaf-80	90	1	thus	thus	ADV
gujaf-80	90	2	,	,	PUNCT
gujaf-80	90	3	it	it	PRON
gujaf-80	90	4	is	be	AUX
gujaf-80	90	5	believed	believe	VERB
gujaf-80	90	6	that	that	SCONJ
gujaf-80	90	7	maintaining	maintain	VERB
gujaf-80	90	8	adequate	adequate	ADJ
gujaf-80	90	9	reserves	reserve	NOUN
gujaf-80	90	10	can	can	AUX
gujaf-80	90	11	boost	boost	VERB
gujaf-80	90	12	investors	investor	NOUN
gujaf-80	90	13	’	’	PART
gujaf-80	90	14	confidence	confidence	NOUN
gujaf-80	90	15	and	and	CCONJ
gujaf-80	90	16	enhance	enhance	VERB
gujaf-80	90	17	investment	investment	NOUN
gujaf-80	90	18	and	and	CCONJ
gujaf-80	90	19	growth	growth	NOUN
gujaf-80	90	20	(	(	PUNCT
gujaf-80	90	21	olokoyo	olokoyo	NOUN
gujaf-80	90	22	,	,	PUNCT
gujaf-80	90	23	et	et	PROPN
gujaf-80	90	24	al	al	PROPN
gujaf-80	90	25	.	.	PROPN
gujaf-80	90	26	,	,	PUNCT
gujaf-80	90	27	2009	2009	NUM
gujaf-80	90	28	)	)	PUNCT
gujaf-80	90	29	.	.	PUNCT
gujaf-80	91	1	macroeconomic	macroeconomic	ADJ
gujaf-80	91	2	stabilization	stabilization	NOUN
gujaf-80	91	3	remains	remain	VERB
gujaf-80	91	4	at	at	ADP
gujaf-80	91	5	the	the	DET
gujaf-80	91	6	fore	fore	NOUN
gujaf-80	91	7	of	of	ADP
gujaf-80	91	8	national	national	ADJ
gujaf-80	91	9	economic	economic	ADJ
gujaf-80	91	10	policymaking	policymaking	NOUN
gujaf-80	91	11	in	in	ADP
gujaf-80	91	12	order	order	NOUN
gujaf-80	91	13	to	to	PART
gujaf-80	91	14	aid	aid	VERB
gujaf-80	91	15	conditionality	conditionality	NOUN
gujaf-80	91	16	in	in	ADP
gujaf-80	91	17	developing	develop	VERB
gujaf-80	91	18	countries	country	NOUN
gujaf-80	91	19	especially	especially	ADV
gujaf-80	91	20	in	in	ADP
gujaf-80	91	21	africa	africa	PROPN
gujaf-80	91	22	.	.	PUNCT
gujaf-80	92	1	this	this	PRON
gujaf-80	92	2	has	have	AUX
gujaf-80	92	3	induced	induce	VERB
gujaf-80	92	4	african	african	ADJ
gujaf-80	92	5	countries	country	NOUN
gujaf-80	92	6	to	to	PART
gujaf-80	92	7	hold	hold	VERB
gujaf-80	92	8	reserves	reserve	NOUN
gujaf-80	92	9	to	to	PART
gujaf-80	92	10	allow	allow	VERB
gujaf-80	92	11	monetary	monetary	ADJ
gujaf-80	92	12	authorities	authority	NOUN
gujaf-80	92	13	to	to	PART
gujaf-80	92	14	intervene	intervene	VERB
gujaf-80	92	15	in	in	ADP
gujaf-80	92	16	markets	market	NOUN
gujaf-80	92	17	.	.	PUNCT
gujaf-80	93	1	gusau	gusau	ADJ
gujaf-80	93	2	journal	journal	PROPN
gujaf-80	93	3	of	of	ADP
gujaf-80	93	4	accounting	accounting	NOUN
gujaf-80	93	5	and	and	CCONJ
gujaf-80	93	6	finance	finance	NOUN
gujaf-80	93	7	,	,	PUNCT
gujaf-80	93	8	vol	vol	NOUN
gujaf-80	93	9	.	.	PROPN
gujaf-80	93	10	2	2	NUM
gujaf-80	93	11	,	,	PUNCT
gujaf-80	93	12	issue	issue	NOUN
gujaf-80	93	13	3	3	NUM
gujaf-80	93	14	,	,	PUNCT
gujaf-80	93	15	april	april	PROPN
gujaf-80	93	16	,	,	PUNCT
gujaf-80	93	17	2021	2021	NUM
gujaf-80	93	18	8	8	NUM
gujaf-80	93	19	3	3	NUM
gujaf-80	93	20	.	.	PUNCT
gujaf-80	93	21	data	datum	NOUN
gujaf-80	93	22	and	and	CCONJ
gujaf-80	93	23	methodology	methodology	NOUN
gujaf-80	93	24	this	this	DET
gujaf-80	93	25	study	study	NOUN
gujaf-80	93	26	examines	examine	VERB
gujaf-80	93	27	the	the	DET
gujaf-80	93	28	effect	effect	NOUN
gujaf-80	93	29	of	of	ADP
gujaf-80	93	30	accumulation	accumulation	NOUN
gujaf-80	93	31	of	of	ADP
gujaf-80	93	32	foreign	foreign	ADJ
gujaf-80	93	33	exchange	exchange	NOUN
gujaf-80	93	34	reserve	reserve	NOUN
gujaf-80	93	35	on	on	ADP
gujaf-80	93	36	economic	economic	ADJ
gujaf-80	93	37	stability	stability	NOUN
gujaf-80	93	38	proxied	proxie	VERB
gujaf-80	93	39	by	by	ADP
gujaf-80	93	40	inflation	inflation	NOUN
gujaf-80	93	41	,	,	PUNCT
gujaf-80	93	42	unemployment	unemployment	NOUN
gujaf-80	93	43	,	,	PUNCT
gujaf-80	93	44	exports	export	NOUN
gujaf-80	93	45	and	and	CCONJ
gujaf-80	93	46	gdp	gdp	NOUN
gujaf-80	93	47	for	for	ADP
gujaf-80	93	48	a	a	DET
gujaf-80	93	49	sample	sample	NOUN
gujaf-80	93	50	of	of	ADP
gujaf-80	93	51	49	49	NUM
gujaf-80	93	52	sub	sub	ADJ
gujaf-80	93	53	-	-	ADJ
gujaf-80	93	54	saharan	saharan	ADJ
gujaf-80	93	55	african	african	ADJ
gujaf-80	93	56	countries	country	NOUN
gujaf-80	93	57	covering	cover	VERB
gujaf-80	93	58	the	the	DET
gujaf-80	93	59	period	period	NOUN
gujaf-80	93	60	2009	2009	NUM
gujaf-80	93	61	-	-	SYM
gujaf-80	93	62	2018	2018	NUM
gujaf-80	93	63	annually	annually	ADV
gujaf-80	93	64	.	.	PUNCT
gujaf-80	94	1	the	the	DET
gujaf-80	94	2	nature	nature	NOUN
gujaf-80	94	3	of	of	ADP
gujaf-80	94	4	the	the	DET
gujaf-80	94	5	data	datum	NOUN
gujaf-80	94	6	used	use	VERB
gujaf-80	94	7	in	in	ADP
gujaf-80	94	8	this	this	DET
gujaf-80	94	9	study	study	NOUN
gujaf-80	94	10	,	,	PUNCT
gujaf-80	94	11	precludes	preclude	VERB
gujaf-80	94	12	the	the	DET
gujaf-80	94	13	use	use	NOUN
gujaf-80	94	14	of	of	ADP
gujaf-80	94	15	any	any	DET
gujaf-80	94	16	sampling	sampling	NOUN
gujaf-80	94	17	method	method	NOUN
gujaf-80	94	18	for	for	ADP
gujaf-80	94	19	collection	collection	NOUN
gujaf-80	94	20	rather	rather	ADV
gujaf-80	94	21	than	than	ADP
gujaf-80	94	22	panel	panel	NOUN
gujaf-80	94	23	data	datum	NOUN
gujaf-80	94	24	.	.	PUNCT
gujaf-80	95	1	the	the	DET
gujaf-80	95	2	data	datum	NOUN
gujaf-80	95	3	used	use	VERB
gujaf-80	95	4	in	in	ADP
gujaf-80	95	5	this	this	DET
gujaf-80	95	6	study	study	NOUN
gujaf-80	95	7	is	be	AUX
gujaf-80	95	8	secondary	secondary	ADJ
gujaf-80	95	9	in	in	ADP
gujaf-80	95	10	nature	nature	NOUN
gujaf-80	95	11	and	and	CCONJ
gujaf-80	95	12	were	be	AUX
gujaf-80	95	13	collected	collect	VERB
gujaf-80	95	14	from	from	ADP
gujaf-80	95	15	various	various	ADJ
gujaf-80	95	16	secondary	secondary	ADJ
gujaf-80	95	17	sources	source	NOUN
gujaf-80	95	18	.	.	PUNCT
gujaf-80	96	1	for	for	ADP
gujaf-80	96	2	the	the	DET
gujaf-80	96	3	purpose	purpose	NOUN
gujaf-80	96	4	of	of	ADP
gujaf-80	96	5	this	this	DET
gujaf-80	96	6	study	study	NOUN
gujaf-80	96	7	,	,	PUNCT
gujaf-80	96	8	the	the	DET
gujaf-80	96	9	data	datum	NOUN
gujaf-80	96	10	for	for	ADP
gujaf-80	96	11	inflation	inflation	NOUN
gujaf-80	96	12	,	,	PUNCT
gujaf-80	96	13	unemployment	unemployment	NOUN
gujaf-80	96	14	,	,	PUNCT
gujaf-80	96	15	exports	export	NOUN
gujaf-80	96	16	,	,	PUNCT
gujaf-80	96	17	gdp	gdp	NOUN
gujaf-80	96	18	and	and	CCONJ
gujaf-80	96	19	foreign	foreign	ADJ
gujaf-80	96	20	exchange	exchange	NOUN
gujaf-80	96	21	reserve	reserve	NOUN
gujaf-80	96	22	(	(	PUNCT
gujaf-80	96	23	fer	fer	PROPN
gujaf-80	96	24	)	)	PUNCT
gujaf-80	96	25	is	be	AUX
gujaf-80	96	26	sourced	source	VERB
gujaf-80	96	27	from	from	ADP
gujaf-80	96	28	the	the	DET
gujaf-80	96	29	world	world	NOUN
gujaf-80	96	30	development	development	NOUN
gujaf-80	96	31	indicators	indicator	NOUN
gujaf-80	96	32	database	database	NOUN
gujaf-80	96	33	developed	develop	VERB
gujaf-80	96	34	by	by	ADP
gujaf-80	96	35	world	world	PROPN
gujaf-80	96	36	bank	bank	PROPN
gujaf-80	96	37	(	(	PUNCT
gujaf-80	96	38	2019	2019	NUM
gujaf-80	96	39	)	)	PUNCT
gujaf-80	96	40	.	.	PUNCT
gujaf-80	97	1	foreign	foreign	ADJ
gujaf-80	97	2	exchange	exchange	NOUN
gujaf-80	97	3	reserve	reserve	NOUN
gujaf-80	97	4	is	be	AUX
gujaf-80	97	5	measured	measure	VERB
gujaf-80	97	6	by	by	ADP
gujaf-80	97	7	the	the	DET
gujaf-80	97	8	total	total	ADJ
gujaf-80	97	9	reserves	reserve	NOUN
gujaf-80	97	10	comprise	comprise	VERB
gujaf-80	97	11	holdings	holding	NOUN
gujaf-80	97	12	of	of	ADP
gujaf-80	97	13	monetary	monetary	ADJ
gujaf-80	97	14	gold	gold	NOUN
gujaf-80	97	15	and	and	CCONJ
gujaf-80	97	16	special	special	ADJ
gujaf-80	97	17	drawing	drawing	NOUN
gujaf-80	97	18	rights	right	NOUN
gujaf-80	97	19	,	,	PUNCT
gujaf-80	97	20	inflation	inflation	NOUN
gujaf-80	97	21	is	be	AUX
gujaf-80	97	22	measured	measure	VERB
gujaf-80	97	23	by	by	ADP
gujaf-80	97	24	the	the	DET
gujaf-80	97	25	consumer	consumer	NOUN
gujaf-80	97	26	price	price	NOUN
gujaf-80	97	27	index	index	NOUN
gujaf-80	97	28	which	which	PRON
gujaf-80	97	29	reflects	reflect	VERB
gujaf-80	97	30	the	the	DET
gujaf-80	97	31	annual	annual	ADJ
gujaf-80	97	32	percentage	percentage	NOUN
gujaf-80	97	33	change	change	NOUN
gujaf-80	97	34	in	in	ADP
gujaf-80	97	35	the	the	DET
gujaf-80	97	36	cost	cost	NOUN
gujaf-80	97	37	to	to	ADP
gujaf-80	97	38	the	the	DET
gujaf-80	97	39	average	average	NOUN
gujaf-80	97	40	,	,	PUNCT
gujaf-80	97	41	unemployment	unemployment	NOUN
gujaf-80	97	42	is	be	AUX
gujaf-80	97	43	measured	measure	VERB
gujaf-80	97	44	as	as	ADP
gujaf-80	97	45	the	the	DET
gujaf-80	97	46	percentage	percentage	NOUN
gujaf-80	97	47	of	of	ADP
gujaf-80	97	48	the	the	DET
gujaf-80	97	49	labor	labor	NOUN
gujaf-80	97	50	force	force	NOUN
gujaf-80	97	51	that	that	PRON
gujaf-80	97	52	is	be	AUX
gujaf-80	97	53	without	without	ADP
gujaf-80	97	54	work	work	NOUN
gujaf-80	97	55	but	but	CCONJ
gujaf-80	97	56	available	available	ADJ
gujaf-80	97	57	for	for	ADP
gujaf-80	97	58	and	and	CCONJ
gujaf-80	97	59	seeking	seek	VERB
gujaf-80	97	60	employment	employment	NOUN
gujaf-80	97	61	.	.	PUNCT
gujaf-80	98	1	export	export	NOUN
gujaf-80	98	2	is	be	AUX
gujaf-80	98	3	measured	measure	VERB
gujaf-80	98	4	by	by	ADP
gujaf-80	98	5	the	the	DET
gujaf-80	98	6	value	value	NOUN
gujaf-80	98	7	of	of	ADP
gujaf-80	98	8	goods	good	NOUN
gujaf-80	98	9	and	and	CCONJ
gujaf-80	98	10	services	service	NOUN
gujaf-80	98	11	to	to	ADP
gujaf-80	98	12	the	the	DET
gujaf-80	98	13	rest	rest	NOUN
gujaf-80	98	14	of	of	ADP
gujaf-80	98	15	the	the	DET
gujaf-80	98	16	world	world	NOUN
gujaf-80	98	17	,	,	PUNCT
gujaf-80	98	18	while	while	SCONJ
gujaf-80	98	19	gdp	gdp	NOUN
gujaf-80	98	20	is	be	AUX
gujaf-80	98	21	measured	measure	VERB
gujaf-80	98	22	at	at	ADP
gujaf-80	98	23	2010	2010	NUM
gujaf-80	98	24	constant	constant	ADJ
gujaf-80	98	25	prices	price	NOUN
gujaf-80	98	26	.	.	PUNCT
gujaf-80	99	1	the	the	DET
gujaf-80	99	2	following	follow	VERB
gujaf-80	99	3	regression	regression	NOUN
gujaf-80	99	4	model	model	NOUN
gujaf-80	99	5	was	be	AUX
gujaf-80	99	6	set	set	VERB
gujaf-80	99	7	up	up	ADP
gujaf-80	99	8	to	to	PART
gujaf-80	99	9	estimate	estimate	VERB
gujaf-80	99	10	the	the	DET
gujaf-80	99	11	impact	impact	NOUN
gujaf-80	99	12	of	of	ADP
gujaf-80	99	13	foreign	foreign	ADJ
gujaf-80	99	14	exchange	exchange	NOUN
gujaf-80	99	15	reserve	reserve	NOUN
gujaf-80	99	16	on	on	ADP
gujaf-80	99	17	macroeconomic	macroeconomic	ADJ
gujaf-80	99	18	variables	variable	NOUN
gujaf-80	99	19	.	.	PUNCT
gujaf-80	100	1	fer	fer	PROPN
gujaf-80	100	2	=	=	SYM
gujaf-80	100	3	f	f	PROPN
gujaf-80	100	4	(	(	PUNCT
gujaf-80	100	5	unemp	unemp	PROPN
gujaf-80	100	6	,	,	PUNCT
gujaf-80	100	7	exp	exp	NOUN
gujaf-80	100	8	,	,	PUNCT
gujaf-80	100	9	infl	infl	PROPN
gujaf-80	100	10	,	,	PUNCT
gujaf-80	100	11	gdp	gdp	NOUN
gujaf-80	100	12	)	)	PUNCT
gujaf-80	100	13	…	…	PUNCT
gujaf-80	100	14	.	.	NUM
gujaf-80	100	15	…	…	PUNCT
gujaf-80	100	16	…	…	PUNCT
gujaf-80	100	17	…	…	SYM
gujaf-80	100	18	.	.	NUM
gujaf-80	100	19	…	…	PUNCT
gujaf-80	100	20	…	…	PUNCT
gujaf-80	100	21	…	…	PUNCT
gujaf-80	100	22	…	…	PUNCT
gujaf-80	100	23	…	…	PUNCT
gujaf-80	100	24	…	…	PUNCT
gujaf-80	100	25	…	…	PUNCT
gujaf-80	100	26	…	…	PUNCT
gujaf-80	100	27	…	…	PUNCT
gujaf-80	100	28	…	…	PUNCT
gujaf-80	100	29	…	…	PUNCT
gujaf-80	100	30	…	…	PUNCT
gujaf-80	100	31	.(1	.(1	NUM
gujaf-80	100	32	)	)	PUNCT
gujaf-80	100	33	mathematically	mathematically	ADV
gujaf-80	100	34	expressed	express	VERB
gujaf-80	100	35	from	from	ADP
gujaf-80	100	36	equation	equation	NOUN
gujaf-80	100	37	(	(	PUNCT
gujaf-80	100	38	1	1	NUM
gujaf-80	100	39	)	)	PUNCT
gujaf-80	100	40	as	as	ADP
gujaf-80	100	41	(	(	PUNCT
gujaf-80	100	42	ferit	ferit	NOUN
gujaf-80	100	43	)	)	PUNCT
gujaf-80	100	44	=	=	PUNCT
gujaf-80	101	1	α0	α0	ADJ
gujaf-80	101	2	+	+	NUM
gujaf-80	101	3	α1unempit+	α1unempit+	NOUN
gujaf-80	101	4	α2expit+	α2expit+	PROPN
gujaf-80	101	5	α3inflit+	α3inflit+	PROPN
gujaf-80	101	6	α4gdpit+ci+µit	α4gdpit+ci+µit	NUM
gujaf-80	101	7	…	…	PUNCT
gujaf-80	101	8	…	…	PUNCT
gujaf-80	101	9	…	…	PUNCT
gujaf-80	101	10	…	…	PUNCT
gujaf-80	101	11	…	…	PUNCT
gujaf-80	101	12	…	…	PUNCT
gujaf-80	101	13	…	…	PUNCT
gujaf-80	101	14	…	…	PUNCT
gujaf-80	101	15	…	…	PUNCT
gujaf-80	101	16	(2	(2	NUM
gujaf-80	101	17	)	)	PUNCT
gujaf-80	101	18	where	where	SCONJ
gujaf-80	101	19	;	;	PUNCT
gujaf-80	101	20	α0	α0	PROPN
gujaf-80	101	21	is	be	AUX
gujaf-80	101	22	the	the	DET
gujaf-80	101	23	intercept	intercept	NOUN
gujaf-80	101	24	,	,	PUNCT
gujaf-80	101	25	(	(	PUNCT
gujaf-80	101	26	infl	infl	PROPN
gujaf-80	101	27	)	)	PUNCT
gujaf-80	101	28	,	,	PUNCT
gujaf-80	101	29	denotes	denote	VERB
gujaf-80	101	30	inflation	inflation	NOUN
gujaf-80	101	31	,	,	PUNCT
gujaf-80	101	32	(	(	PUNCT
gujaf-80	101	33	unemp	unemp	NOUN
gujaf-80	101	34	)	)	PUNCT
gujaf-80	101	35	represents	represent	VERB
gujaf-80	101	36	unemployment	unemployment	NOUN
gujaf-80	101	37	,	,	PUNCT
gujaf-80	101	38	(	(	PUNCT
gujaf-80	101	39	exp	exp	NOUN
gujaf-80	101	40	)	)	PUNCT
gujaf-80	101	41	represents	represent	VERB
gujaf-80	101	42	exports	export	NOUN
gujaf-80	101	43	,	,	PUNCT
gujaf-80	101	44	(	(	PUNCT
gujaf-80	101	45	gdp	gdp	NOUN
gujaf-80	101	46	)	)	PUNCT
gujaf-80	101	47	denotes	denote	VERB
gujaf-80	101	48	gross	gross	ADJ
gujaf-80	101	49	domestic	domestic	ADJ
gujaf-80	101	50	products	product	NOUN
gujaf-80	101	51	,	,	PUNCT
gujaf-80	101	52	while	while	SCONJ
gujaf-80	101	53	ci=	ci=	NOUN
gujaf-80	101	54	is	be	AUX
gujaf-80	101	55	a	a	DET
gujaf-80	101	56	unitspecific	unitspecific	ADJ
gujaf-80	101	57	error	error	NOUN
gujaf-80	101	58	component	component	NOUN
gujaf-80	101	59	while	while	SCONJ
gujaf-80	101	60	µit	µit	VERB
gujaf-80	101	61	the	the	DET
gujaf-80	101	62	remaining	remain	VERB
gujaf-80	101	63	error	error	NOUN
gujaf-80	101	64	components	component	NOUN
gujaf-80	101	65	,	,	PUNCT
gujaf-80	101	66	i	i	PRON
gujaf-80	101	67	represent	represent	VERB
gujaf-80	101	68	country	country	NOUN
gujaf-80	101	69	and	and	CCONJ
gujaf-80	101	70	t	t	PROPN
gujaf-80	101	71	is	be	AUX
gujaf-80	101	72	the	the	DET
gujaf-80	101	73	country	country	NOUN
gujaf-80	101	74	time	time	NOUN
gujaf-80	101	75	.	.	PUNCT
gujaf-80	102	1	this	this	DET
gujaf-80	102	2	study	study	NOUN
gujaf-80	102	3	used	use	VERB
gujaf-80	102	4	panel	panel	NOUN
gujaf-80	102	5	(	(	PUNCT
gujaf-80	102	6	longitudinal	longitudinal	ADJ
gujaf-80	102	7	)	)	PUNCT
gujaf-80	102	8	regression	regression	NOUN
gujaf-80	102	9	analysis	analysis	NOUN
gujaf-80	102	10	to	to	PART
gujaf-80	102	11	establish	establish	VERB
gujaf-80	102	12	the	the	DET
gujaf-80	102	13	relationship	relationship	NOUN
gujaf-80	102	14	among	among	ADP
gujaf-80	102	15	the	the	DET
gujaf-80	102	16	variables	variable	NOUN
gujaf-80	102	17	of	of	ADP
gujaf-80	102	18	the	the	DET
gujaf-80	102	19	study	study	NOUN
gujaf-80	102	20	.	.	PUNCT
gujaf-80	103	1	a	a	DET
gujaf-80	103	2	panel	panel	NOUN
gujaf-80	103	3	data	datum	NOUN
gujaf-80	103	4	set	set	VERB
gujaf-80	103	5	has	have	VERB
gujaf-80	103	6	multiple	multiple	ADJ
gujaf-80	103	7	entities	entity	NOUN
gujaf-80	103	8	,	,	PUNCT
gujaf-80	103	9	each	each	PRON
gujaf-80	103	10	of	of	ADP
gujaf-80	103	11	which	which	PRON
gujaf-80	103	12	has	have	AUX
gujaf-80	103	13	repeated	repeat	VERB
gujaf-80	103	14	measurements	measurement	NOUN
gujaf-80	103	15	at	at	ADP
gujaf-80	103	16	different	different	ADJ
gujaf-80	103	17	time	time	NOUN
gujaf-80	103	18	periods	period	NOUN
gujaf-80	103	19	.	.	PUNCT
gujaf-80	104	1	panel	panel	NOUN
gujaf-80	104	2	data	datum	NOUN
gujaf-80	104	3	may	may	AUX
gujaf-80	104	4	have	have	VERB
gujaf-80	104	5	individual	individual	ADJ
gujaf-80	104	6	(	(	PUNCT
gujaf-80	104	7	group	group	NOUN
gujaf-80	104	8	)	)	PUNCT
gujaf-80	104	9	effect	effect	NOUN
gujaf-80	104	10	,	,	PUNCT
gujaf-80	104	11	time	time	NOUN
gujaf-80	104	12	effect	effect	NOUN
gujaf-80	104	13	,	,	PUNCT
gujaf-80	104	14	or	or	CCONJ
gujaf-80	104	15	both	both	PRON
gujaf-80	104	16	,	,	PUNCT
gujaf-80	104	17	which	which	PRON
gujaf-80	104	18	are	be	AUX
gujaf-80	104	19	analyzed	analyze	VERB
gujaf-80	104	20	by	by	ADP
gujaf-80	104	21	fixed	fix	VERB
gujaf-80	104	22	effect	effect	NOUN
gujaf-80	104	23	and/or	and/or	CCONJ
gujaf-80	104	24	random	random	ADJ
gujaf-80	104	25	effect	effect	NOUN
gujaf-80	104	26	models	model	NOUN
gujaf-80	104	27	(	(	PUNCT
gujaf-80	104	28	park	park	NOUN
gujaf-80	104	29	,	,	PUNCT
gujaf-80	104	30	2011).the	2011).the	DET
gujaf-80	104	31	motivation	motivation	NOUN
gujaf-80	104	32	for	for	ADP
gujaf-80	104	33	the	the	DET
gujaf-80	104	34	use	use	NOUN
gujaf-80	104	35	of	of	ADP
gujaf-80	104	36	panel	panel	NOUN
gujaf-80	104	37	data	datum	NOUN
gujaf-80	104	38	is	be	AUX
gujaf-80	104	39	better	well	ADV
gujaf-80	104	40	suited	suited	ADJ
gujaf-80	104	41	for	for	ADP
gujaf-80	104	42	studying	study	VERB
gujaf-80	104	43	the	the	DET
gujaf-80	104	44	dynamics	dynamic	NOUN
gujaf-80	104	45	of	of	ADP
gujaf-80	104	46	change	change	NOUN
gujaf-80	104	47	,	,	PUNCT
gujaf-80	104	48	these	these	DET
gujaf-80	104	49	longitudinal	longitudinal	ADJ
gujaf-80	104	50	data	datum	NOUN
gujaf-80	104	51	have	have	VERB
gujaf-80	104	52	more	more	ADJ
gujaf-80	104	53	variability	variability	NOUN
gujaf-80	104	54	and	and	CCONJ
gujaf-80	104	55	allow	allow	VERB
gujaf-80	104	56	to	to	PART
gujaf-80	104	57	explore	explore	VERB
gujaf-80	104	58	more	more	ADJ
gujaf-80	104	59	issues	issue	NOUN
gujaf-80	104	60	than	than	SCONJ
gujaf-80	104	61	do	do	VERB
gujaf-80	104	62	cross	cross	ADJ
gujaf-80	104	63	-	-	ADJ
gujaf-80	104	64	sectional	sectional	ADJ
gujaf-80	104	65	or	or	CCONJ
gujaf-80	104	66	time	time	NOUN
gujaf-80	104	67	-	-	PUNCT
gujaf-80	104	68	series	series	NOUN
gujaf-80	104	69	data	datum	NOUN
gujaf-80	104	70	alone	alone	ADV
gujaf-80	104	71	(	(	PUNCT
gujaf-80	104	72	kennedy	kennedy	PROPN
gujaf-80	104	73	,	,	PUNCT
gujaf-80	104	74	2008	2008	NUM
gujaf-80	104	75	)	)	PUNCT
gujaf-80	104	76	.	.	PUNCT
gujaf-80	105	1	in	in	ADP
gujaf-80	105	2	particular	particular	ADJ
gujaf-80	105	3	,	,	PUNCT
gujaf-80	105	4	baltagi	baltagi	NOUN
gujaf-80	105	5	,	,	PUNCT
gujaf-80	105	6	(	(	PUNCT
gujaf-80	105	7	2001	2001	NUM
gujaf-80	105	8	)	)	PUNCT
gujaf-80	105	9	stated	state	VERB
gujaf-80	105	10	that	that	SCONJ
gujaf-80	105	11	panel	panel	NOUN
gujaf-80	105	12	data	datum	NOUN
gujaf-80	105	13	gives	give	VERB
gujaf-80	105	14	more	more	ADV
gujaf-80	105	15	informative	informative	ADJ
gujaf-80	105	16	data	datum	NOUN
gujaf-80	105	17	,	,	PUNCT
gujaf-80	105	18	more	more	ADJ
gujaf-80	105	19	variability	variability	NOUN
gujaf-80	105	20	,	,	PUNCT
gujaf-80	105	21	less	less	ADJ
gujaf-80	105	22	collinearity	collinearity	NOUN
gujaf-80	105	23	among	among	ADP
gujaf-80	105	24	the	the	DET
gujaf-80	105	25	variables	variable	NOUN
gujaf-80	105	26	,	,	PUNCT
gujaf-80	105	27	more	more	ADJ
gujaf-80	105	28	degrees	degree	NOUN
gujaf-80	105	29	of	of	ADP
gujaf-80	105	30	freedom	freedom	NOUN
gujaf-80	105	31	and	and	CCONJ
gujaf-80	105	32	more	more	ADJ
gujaf-80	105	33	efficiency	efficiency	NOUN
gujaf-80	105	34	.	.	PUNCT
gujaf-80	106	1	hence	hence	ADV
gujaf-80	106	2	,	,	PUNCT
gujaf-80	106	3	well	well	ADV
gujaf-80	106	4	organized	organize	VERB
gujaf-80	106	5	panel	panel	NOUN
gujaf-80	106	6	data	data	NOUN
gujaf-80	106	7	models	model	NOUN
gujaf-80	106	8	are	be	AUX
gujaf-80	106	9	definitely	definitely	ADV
gujaf-80	106	10	attractive	attractive	ADJ
gujaf-80	106	11	and	and	CCONJ
gujaf-80	106	12	appealing	appealing	ADJ
gujaf-80	106	13	since	since	SCONJ
gujaf-80	106	14	they	they	PRON
gujaf-80	106	15	provide	provide	VERB
gujaf-80	106	16	ways	way	NOUN
gujaf-80	106	17	of	of	ADP
gujaf-80	106	18	dealing	deal	VERB
gujaf-80	106	19	with	with	ADP
gujaf-80	106	20	heterogeneity	heterogeneity	NOUN
gujaf-80	106	21	and	and	CCONJ
gujaf-80	106	22	examine	examine	VERB
gujaf-80	106	23	fixed	fix	VERB
gujaf-80	106	24	and/or	and/or	CCONJ
gujaf-80	106	25	random	random	ADJ
gujaf-80	106	26	effects	effect	NOUN
gujaf-80	106	27	in	in	ADP
gujaf-80	106	28	the	the	DET
gujaf-80	106	29	longitudinal	longitudinal	ADJ
gujaf-80	106	30	data	datum	NOUN
gujaf-80	106	31	.	.	PUNCT
gujaf-80	107	1	4	4	X
gujaf-80	107	2	.	.	X
gujaf-80	107	3	empirical	empirical	ADJ
gujaf-80	107	4	results	result	NOUN
gujaf-80	107	5	,	,	PUNCT
gujaf-80	107	6	interpretation	interpretation	NOUN
gujaf-80	107	7	and	and	CCONJ
gujaf-80	107	8	discussion	discussion	NOUN
gujaf-80	107	9	of	of	ADP
gujaf-80	107	10	results	result	NOUN
gujaf-80	107	11	the	the	DET
gujaf-80	107	12	results	result	NOUN
gujaf-80	107	13	of	of	ADP
gujaf-80	107	14	the	the	DET
gujaf-80	107	15	descriptive	descriptive	ADJ
gujaf-80	107	16	and	and	CCONJ
gujaf-80	107	17	inferential	inferential	ADJ
gujaf-80	107	18	test	test	NOUN
gujaf-80	107	19	were	be	AUX
gujaf-80	107	20	presented	present	VERB
gujaf-80	107	21	in	in	ADP
gujaf-80	107	22	this	this	DET
gujaf-80	107	23	section	section	NOUN
gujaf-80	107	24	in	in	ADP
gujaf-80	107	25	the	the	DET
gujaf-80	107	26	following	follow	VERB
gujaf-80	107	27	sequence	sequence	NOUN
gujaf-80	107	28	:	:	PUNCT
gujaf-80	107	29	descriptive	descriptive	ADJ
gujaf-80	107	30	statistic	statistic	NOUN
gujaf-80	107	31	in	in	ADP
gujaf-80	107	32	table	table	NOUN
gujaf-80	107	33	1	1	NUM
gujaf-80	107	34	,	,	PUNCT
gujaf-80	107	35	the	the	DET
gujaf-80	107	36	hausman	hausman	ADJ
gujaf-80	107	37	chi	chi	NOUN
gujaf-80	107	38	2	2	NUM
gujaf-80	107	39	test	test	NOUN
gujaf-80	107	40	in	in	ADP
gujaf-80	107	41	table	table	NOUN
gujaf-80	107	42	2	2	NUM
gujaf-80	107	43	,	,	PUNCT
gujaf-80	107	44	while	while	SCONJ
gujaf-80	107	45	panel	panel	NOUN
gujaf-80	107	46	fixed	fix	VERB
gujaf-80	107	47	effect	effect	NOUN
gujaf-80	107	48	model	model	NOUN
gujaf-80	107	49	result	result	NOUN
gujaf-80	107	50	were	be	AUX
gujaf-80	107	51	presented	present	VERB
gujaf-80	107	52	in	in	ADP
gujaf-80	107	53	table	table	NOUN
gujaf-80	107	54	3	3	NUM
gujaf-80	107	55	.	.	PUNCT
gujaf-80	107	56	as	as	SCONJ
gujaf-80	107	57	presented	present	VERB
gujaf-80	107	58	in	in	ADP
gujaf-80	107	59	table	table	NOUN
gujaf-80	107	60	1	1	NUM
gujaf-80	107	61	,	,	PUNCT
gujaf-80	107	62	the	the	DET
gujaf-80	107	63	total	total	ADJ
gujaf-80	107	64	number	number	NOUN
gujaf-80	107	65	of	of	ADP
gujaf-80	107	66	the	the	DET
gujaf-80	107	67	observation	observation	NOUN
gujaf-80	107	68	used	use	VERB
gujaf-80	107	69	for	for	ADP
gujaf-80	107	70	the	the	DET
gujaf-80	107	71	study	study	NOUN
gujaf-80	107	72	are	be	AUX
gujaf-80	107	73	480	480	NUM
gujaf-80	107	74	(	(	PUNCT
gujaf-80	107	75	four	four	NUM
gujaf-80	107	76	hundred	hundred	NUM
gujaf-80	107	77	and	and	CCONJ
gujaf-80	107	78	eighty	eighty	NUM
gujaf-80	107	79	)	)	PUNCT
gujaf-80	107	80	.	.	PUNCT
gujaf-80	108	1	this	this	PRON
gujaf-80	108	2	shows	show	VERB
gujaf-80	108	3	the	the	DET
gujaf-80	108	4	period	period	NOUN
gujaf-80	108	5	covered	cover	VERB
gujaf-80	108	6	by	by	ADP
gujaf-80	108	7	the	the	DET
gujaf-80	108	8	study	study	NOUN
gujaf-80	108	9	to	to	PART
gujaf-80	108	10	show	show	VERB
gujaf-80	108	11	the	the	DET
gujaf-80	108	12	existence	existence	NOUN
gujaf-80	108	13	of	of	ADP
gujaf-80	108	14	seasonable	seasonable	ADJ
gujaf-80	108	15	variation	variation	NOUN
gujaf-80	108	16	across	across	ADP
gujaf-80	108	17	countries	country	NOUN
gujaf-80	108	18	and	and	CCONJ
gujaf-80	108	19	time	time	NOUN
gujaf-80	108	20	.	.	PUNCT
gujaf-80	109	1	hence	hence	ADV
gujaf-80	109	2	,	,	PUNCT
gujaf-80	109	3	the	the	DET
gujaf-80	109	4	heterogeneities	heterogeneity	NOUN
gujaf-80	109	5	exhibited	exhibit	VERB
gujaf-80	109	6	across	across	ADP
gujaf-80	109	7	countries	country	NOUN
gujaf-80	109	8	and	and	CCONJ
gujaf-80	109	9	time	time	NOUN
gujaf-80	109	10	therefore	therefore	ADV
gujaf-80	109	11	,	,	PUNCT
gujaf-80	109	12	makes	make	VERB
gujaf-80	109	13	the	the	DET
gujaf-80	109	14	choice	choice	NOUN
gujaf-80	109	15	of	of	ADP
gujaf-80	109	16	panel	panel	NOUN
gujaf-80	109	17	data	datum	NOUN
gujaf-80	109	18	model	model	NOUN
gujaf-80	109	19	appropriate	appropriate	ADJ
gujaf-80	109	20	for	for	ADP
gujaf-80	109	21	the	the	DET
gujaf-80	109	22	study	study	NOUN
gujaf-80	109	23	.	.	PUNCT
gujaf-80	110	1	the	the	DET
gujaf-80	110	2	implication	implication	NOUN
gujaf-80	110	3	here	here	ADV
gujaf-80	110	4	is	be	AUX
gujaf-80	110	5	that	that	SCONJ
gujaf-80	110	6	the	the	DET
gujaf-80	110	7	qualities	quality	NOUN
gujaf-80	110	8	of	of	ADP
gujaf-80	110	9	accumulation	accumulation	NOUN
gujaf-80	110	10	listed	list	VERB
gujaf-80	110	11	has	have	AUX
gujaf-80	110	12	evidenced	evidence	VERB
gujaf-80	110	13	foreign	foreign	ADJ
gujaf-80	110	14	exchange	exchange	NOUN
gujaf-80	110	15	reserves	reserve	NOUN
gujaf-80	110	16	(	(	PUNCT
gujaf-80	110	17	fer	fer	PROPN
gujaf-80	110	18	)	)	PUNCT
gujaf-80	110	19	with	with	ADP
gujaf-80	110	20	the	the	DET
gujaf-80	110	21	average	average	ADJ
gujaf-80	110	22	mean	mean	NOUN
gujaf-80	110	23	score	score	NOUN
gujaf-80	110	24	of	of	ADP
gujaf-80	110	25	3.5700	3.5700	NUM
gujaf-80	110	26	,	,	PUNCT
gujaf-80	110	27	with	with	ADP
gujaf-80	110	28	an	an	DET
gujaf-80	110	29	overall	overall	ADJ
gujaf-80	110	30	standard	standard	ADJ
gujaf-80	110	31	deviation	deviation	NOUN
gujaf-80	110	32	of	of	ADP
gujaf-80	110	33	gusau	gusau	ADJ
gujaf-80	110	34	journal	journal	NOUN
gujaf-80	110	35	of	of	ADP
gujaf-80	110	36	accounting	accounting	NOUN
gujaf-80	110	37	and	and	CCONJ
gujaf-80	110	38	finance	finance	NOUN
gujaf-80	110	39	,	,	PUNCT
gujaf-80	110	40	vol	vol	NOUN
gujaf-80	110	41	.	.	PROPN
gujaf-80	110	42	2	2	NUM
gujaf-80	110	43	,	,	PUNCT
gujaf-80	110	44	issue	issue	NOUN
gujaf-80	110	45	3	3	NUM
gujaf-80	110	46	,	,	PUNCT
gujaf-80	110	47	april	april	PROPN
gujaf-80	110	48	,	,	PUNCT
gujaf-80	110	49	2021	2021	NUM
gujaf-80	110	50	9	9	NUM
gujaf-80	110	51	9.2000	9.2000	NUM
gujaf-80	110	52	,	,	PUNCT
gujaf-80	110	53	showing	show	VERB
gujaf-80	110	54	how	how	SCONJ
gujaf-80	110	55	much	much	ADJ
gujaf-80	110	56	difference	difference	NOUN
gujaf-80	110	57	from	from	ADP
gujaf-80	110	58	the	the	DET
gujaf-80	110	59	mean	mean	ADJ
gujaf-80	110	60	value	value	NOUN
gujaf-80	110	61	,	,	PUNCT
gujaf-80	110	62	while	while	SCONJ
gujaf-80	110	63	1.9200	1.9200	NUM
gujaf-80	110	64	and	and	CCONJ
gujaf-80	110	65	5.1600	5.1600	NUM
gujaf-80	110	66	are	be	AUX
gujaf-80	110	67	the	the	DET
gujaf-80	110	68	respective	respective	ADJ
gujaf-80	110	69	minimum	minimum	NOUN
gujaf-80	110	70	and	and	CCONJ
gujaf-80	110	71	maximum	maximum	ADJ
gujaf-80	110	72	values	value	NOUN
gujaf-80	110	73	which	which	PRON
gujaf-80	110	74	is	be	AUX
gujaf-80	110	75	a	a	DET
gujaf-80	110	76	glaring	glaring	ADJ
gujaf-80	110	77	evidence	evidence	NOUN
gujaf-80	110	78	of	of	ADP
gujaf-80	110	79	disparity	disparity	NOUN
gujaf-80	110	80	compared	compare	VERB
gujaf-80	110	81	to	to	ADP
gujaf-80	110	82	between	between	ADP
gujaf-80	110	83	and	and	CCONJ
gujaf-80	110	84	within	within	ADP
gujaf-80	110	85	estimation	estimation	NOUN
gujaf-80	110	86	.	.	PUNCT
gujaf-80	111	1	the	the	DET
gujaf-80	111	2	disparity	disparity	NOUN
gujaf-80	111	3	displayed	display	VERB
gujaf-80	111	4	among	among	ADP
gujaf-80	111	5	the	the	DET
gujaf-80	111	6	economic	economic	ADJ
gujaf-80	111	7	stability	stability	NOUN
gujaf-80	111	8	measurement	measurement	NOUN
gujaf-80	111	9	as	as	SCONJ
gujaf-80	111	10	shown	show	VERB
gujaf-80	111	11	in	in	ADP
gujaf-80	111	12	table	table	NOUN
gujaf-80	111	13	4.1	4.1	NUM
gujaf-80	111	14	shows	show	VERB
gujaf-80	111	15	that	that	SCONJ
gujaf-80	111	16	unemployment	unemployment	NOUN
gujaf-80	111	17	(	(	PUNCT
gujaf-80	111	18	unemp	unemp	NOUN
gujaf-80	111	19	)	)	PUNCT
gujaf-80	111	20	has	have	VERB
gujaf-80	111	21	a	a	DET
gujaf-80	111	22	mean	mean	NOUN
gujaf-80	111	23	of	of	ADP
gujaf-80	111	24	about	about	ADP
gujaf-80	111	25	8.1147	8.1147	NUM
gujaf-80	111	26	,	,	PUNCT
gujaf-80	111	27	with	with	ADP
gujaf-80	111	28	an	an	DET
gujaf-80	111	29	overall	overall	ADJ
gujaf-80	111	30	standard	standard	ADJ
gujaf-80	111	31	deviation	deviation	NOUN
gujaf-80	111	32	of	of	ADP
gujaf-80	111	33	6.4589	6.4589	NUM
gujaf-80	111	34	,	,	PUNCT
gujaf-80	111	35	while	while	SCONJ
gujaf-80	111	36	having	have	VERB
gujaf-80	111	37	0.599	0.599	NUM
gujaf-80	111	38	and	and	CCONJ
gujaf-80	111	39	27.754	27.754	NUM
gujaf-80	111	40	as	as	ADP
gujaf-80	111	41	the	the	DET
gujaf-80	111	42	minimum	minimum	ADJ
gujaf-80	111	43	and	and	CCONJ
gujaf-80	111	44	maximum	maximum	ADJ
gujaf-80	111	45	values	value	NOUN
gujaf-80	111	46	respectively	respectively	ADV
gujaf-80	111	47	.	.	PUNCT
gujaf-80	112	1	exports	export	NOUN
gujaf-80	112	2	(	(	PUNCT
gujaf-80	112	3	exp	exp	NOUN
gujaf-80	112	4	)	)	PUNCT
gujaf-80	112	5	have	have	VERB
gujaf-80	112	6	an	an	DET
gujaf-80	112	7	average	average	ADJ
gujaf-80	112	8	mean	mean	NOUN
gujaf-80	112	9	of	of	ADP
gujaf-80	112	10	about	about	ADP
gujaf-80	112	11	33.3135	33.3135	NUM
gujaf-80	112	12	,	,	PUNCT
gujaf-80	112	13	with	with	ADP
gujaf-80	112	14	an	an	DET
gujaf-80	112	15	overall	overall	ADJ
gujaf-80	112	16	standard	standard	ADJ
gujaf-80	112	17	deviation	deviation	NOUN
gujaf-80	112	18	of	of	ADP
gujaf-80	112	19	23.9685	23.9685	NUM
gujaf-80	112	20	,	,	PUNCT
gujaf-80	112	21	while	while	SCONJ
gujaf-80	112	22	having	have	VERB
gujaf-80	112	23	4.4288	4.4288	NUM
gujaf-80	112	24	and	and	CCONJ
gujaf-80	112	25	158.3742	158.3742	NUM
gujaf-80	112	26	as	as	ADP
gujaf-80	112	27	the	the	DET
gujaf-80	112	28	respective	respective	ADJ
gujaf-80	112	29	minimum	minimum	NOUN
gujaf-80	112	30	and	and	CCONJ
gujaf-80	112	31	maximum	maximum	ADJ
gujaf-80	112	32	values	value	NOUN
gujaf-80	112	33	.	.	PUNCT
gujaf-80	113	1	it	it	PRON
gujaf-80	113	2	also	also	ADV
gujaf-80	113	3	appeared	appear	VERB
gujaf-80	113	4	that	that	SCONJ
gujaf-80	113	5	6.2659	6.2659	NUM
gujaf-80	113	6	represent	represent	VERB
gujaf-80	113	7	the	the	DET
gujaf-80	113	8	average	average	ADJ
gujaf-80	113	9	mean	mean	NOUN
gujaf-80	113	10	of	of	ADP
gujaf-80	113	11	inflation	inflation	NOUN
gujaf-80	113	12	(	(	PUNCT
gujaf-80	113	13	infl	infl	PROPN
gujaf-80	113	14	)	)	PUNCT
gujaf-80	113	15	,	,	PUNCT
gujaf-80	113	16	with	with	ADP
gujaf-80	113	17	an	an	DET
gujaf-80	113	18	overall	overall	ADJ
gujaf-80	113	19	standard	standard	ADJ
gujaf-80	113	20	deviation	deviation	NOUN
gujaf-80	113	21	of	of	ADP
gujaf-80	113	22	6.7491	6.7491	NUM
gujaf-80	113	23	,	,	PUNCT
gujaf-80	113	24	while	while	SCONJ
gujaf-80	113	25	the	the	DET
gujaf-80	113	26	minimum	minimum	ADJ
gujaf-80	113	27	and	and	CCONJ
gujaf-80	113	28	maximum	maximum	ADJ
gujaf-80	113	29	values	value	NOUN
gujaf-80	113	30	stood	stand	VERB
gujaf-80	113	31	at	at	ADP
gujaf-80	113	32	-4.2949	-4.2949	PUNCT
gujaf-80	113	33	and	and	CCONJ
gujaf-80	113	34	63.2925	63.2925	NUM
gujaf-80	113	35	respectively	respectively	ADV
gujaf-80	113	36	.	.	PUNCT
gujaf-80	114	1	finally	finally	ADV
gujaf-80	114	2	,	,	PUNCT
gujaf-80	114	3	sub	sub	ADJ
gujaf-80	114	4	-	-	ADJ
gujaf-80	114	5	saharan	saharan	ADJ
gujaf-80	114	6	african	african	ADJ
gujaf-80	114	7	countries	country	NOUN
gujaf-80	114	8	recorded	record	VERB
gujaf-80	114	9	the	the	DET
gujaf-80	114	10	lowest	low	ADJ
gujaf-80	114	11	mean	mean	ADJ
gujaf-80	114	12	score	score	NOUN
gujaf-80	114	13	through	through	ADP
gujaf-80	114	14	gross	gross	ADJ
gujaf-80	114	15	domestic	domestic	ADJ
gujaf-80	114	16	product	product	NOUN
gujaf-80	114	17	of	of	ADP
gujaf-80	114	18	about	about	ADP
gujaf-80	114	19	3.4100	3.4100	NUM
gujaf-80	114	20	,	,	PUNCT
gujaf-80	114	21	with	with	ADP
gujaf-80	114	22	an	an	DET
gujaf-80	114	23	overall	overall	ADJ
gujaf-80	114	24	standard	standard	ADJ
gujaf-80	114	25	deviation	deviation	NOUN
gujaf-80	114	26	of	of	ADP
gujaf-80	114	27	8.4000	8.4000	NUM
gujaf-80	114	28	,	,	PUNCT
gujaf-80	114	29	while	while	SCONJ
gujaf-80	114	30	1.8800	1.8800	NUM
gujaf-80	114	31	and	and	CCONJ
gujaf-80	114	32	7.0500	7.0500	NUM
gujaf-80	114	33	represents	represent	VERB
gujaf-80	114	34	the	the	DET
gujaf-80	114	35	minimum	minimum	ADJ
gujaf-80	114	36	and	and	CCONJ
gujaf-80	114	37	maximum	maximum	ADJ
gujaf-80	114	38	values	value	NOUN
gujaf-80	114	39	respectively	respectively	ADV
gujaf-80	114	40	.	.	PUNCT
gujaf-80	114	41	table	table	NOUN
gujaf-80	114	42	1	1	NUM
gujaf-80	114	43	:	:	PUNCT
gujaf-80	114	44	descriptive	descriptive	ADJ
gujaf-80	114	45	statistics	statistic	NOUN
gujaf-80	114	46	result	result	VERB
gujaf-80	114	47	variables	variable	NOUN
gujaf-80	114	48	mean	mean	VERB
gujaf-80	115	1	std	std	X
gujaf-80	115	2	.	.	PROPN
gujaf-80	115	3	dev	dev	PROPN
gujaf-80	115	4	.	.	PUNCT
gujaf-80	115	5	min	min	PROPN
gujaf-80	115	6	.	.	PROPN
gujaf-80	115	7	max	max	PROPN
gujaf-80	115	8	.	.	PUNCT
gujaf-80	116	1	obs	obs	PROPN
gujaf-80	116	2	.	.	PUNCT
gujaf-80	116	3	fer	fer	PROPN
gujaf-80	116	4	overall	overall	ADJ
gujaf-80	116	5	3.5700	3.5700	NUM
gujaf-80	116	6	9.2000	9.2000	NUM
gujaf-80	116	7	1.9200	1.9200	NUM
gujaf-80	116	8	5.1600	5.1600	NUM
gujaf-80	116	9	n	n	NOUN
gujaf-80	116	10	=	=	SYM
gujaf-80	116	11	480	480	NUM
gujaf-80	116	12	between	between	ADP
gujaf-80	116	13	9.0700	9.0700	NUM
gujaf-80	116	14	1.4000	1.4000	NUM
gujaf-80	116	15	4.7700	4.7700	NUM
gujaf-80	116	16	n	n	NOUN
gujaf-80	116	17	=	=	SYM
gujaf-80	116	18	49	49	NUM
gujaf-80	116	19	within	within	ADP
gujaf-80	116	20	1.5200	1.5200	NUM
gujaf-80	116	21	-7.3400	-7.3400	NOUN
gujaf-80	116	22	1.2200	1.2200	NUM
gujaf-80	116	23	t	t	NOUN
gujaf-80	116	24	-	-	PUNCT
gujaf-80	116	25	bar	bar	NOUN
gujaf-80	116	26	=	=	NOUN
gujaf-80	116	27	9.7959	9.7959	NUM
gujaf-80	116	28	unemp	unemp	NOUN
gujaf-80	116	29	overall	overall	ADV
gujaf-80	116	30	8.1147	8.1147	NUM
gujaf-80	116	31	6.4589	6.4589	NUM
gujaf-80	116	32	0.599	0.599	NUM
gujaf-80	116	33	27.754	27.754	NUM
gujaf-80	116	34	n	n	NOUN
gujaf-80	116	35	=	=	SYM
gujaf-80	116	36	480	480	NUM
gujaf-80	116	37	between	between	ADP
gujaf-80	116	38	6.4189	6.4189	NUM
gujaf-80	116	39	1.0603	1.0603	NUM
gujaf-80	116	40	25.3075	25.3075	NUM
gujaf-80	116	41	n	n	NOUN
gujaf-80	116	42	=	=	NUM
gujaf-80	116	43	49	49	NUM
gujaf-80	116	44	within	within	ADP
gujaf-80	116	45	0.9075	0.9075	NUM
gujaf-80	116	46	4.0894	4.0894	NUM
gujaf-80	116	47	13.0327	13.0327	NUM
gujaf-80	116	48	t	t	NOUN
gujaf-80	116	49	-	-	PUNCT
gujaf-80	116	50	bar	bar	NOUN
gujaf-80	116	51	=	=	SYM
gujaf-80	116	52	9.7959	9.7959	NUM
gujaf-80	116	53	exp	exp	NOUN
gujaf-80	116	54	overall	overall	ADJ
gujaf-80	116	55	33.3135	33.3135	NUM
gujaf-80	116	56	23.9685	23.9685	NUM
gujaf-80	116	57	4.4288	4.4288	NUM
gujaf-80	116	58	158.3742	158.3742	NUM
gujaf-80	116	59	n	n	X
gujaf-80	116	60	=	=	SYM
gujaf-80	116	61	480	480	NUM
gujaf-80	116	62	between	between	ADP
gujaf-80	116	63	22.7433	22.7433	NUM
gujaf-80	116	64	6.6616	6.6616	NUM
gujaf-80	116	65	135.117	135.117	NUM
gujaf-80	116	66	n	n	NOUN
gujaf-80	116	67	=	=	SYM
gujaf-80	116	68	49	49	NUM
gujaf-80	116	69	within	within	ADP
gujaf-80	116	70	7.5451	7.5451	NUM
gujaf-80	116	71	-67.183	-67.183	NOUN
gujaf-80	116	72	56.5712	56.5712	NUM
gujaf-80	116	73	t	t	NOUN
gujaf-80	116	74	-	-	PUNCT
gujaf-80	116	75	bar	bar	NOUN
gujaf-80	116	76	=	=	SYM
gujaf-80	116	77	9.7959	9.7959	NUM
gujaf-80	116	78	infl	infl	NOUN
gujaf-80	116	79	overall	overall	ADJ
gujaf-80	116	80	6.2659	6.2659	NUM
gujaf-80	116	81	6.7491	6.7491	NUM
gujaf-80	116	82	-4.2949	-4.2949	NUM
gujaf-80	116	83	63.2925	63.2925	NUM
gujaf-80	116	84	n	n	NOUN
gujaf-80	116	85	=	=	SYM
gujaf-80	116	86	480	480	NUM
gujaf-80	116	87	between	between	ADP
gujaf-80	116	88	5.2171	5.2171	NUM
gujaf-80	116	89	0.6169	0.6169	NUM
gujaf-80	116	90	28.1883	28.1883	NUM
gujaf-80	117	1	n	n	NOUN
gujaf-80	117	2	=	=	NUM
gujaf-80	117	3	49	49	NUM
gujaf-80	117	4	within	within	ADP
gujaf-80	117	5	4.3014	4.3014	NUM
gujaf-80	117	6	-10.6738	-10.6738	SYM
gujaf-80	117	7	41.3702	41.3702	NUM
gujaf-80	117	8	t	t	PROPN
gujaf-80	117	9	-	-	PUNCT
gujaf-80	117	10	bar	bar	NOUN
gujaf-80	117	11	=	=	SYM
gujaf-80	117	12	9.7959	9.7959	NUM
gujaf-80	117	13	gdp	gdp	NOUN
gujaf-80	117	14	overall	overall	ADJ
gujaf-80	117	15	3.4100	3.4100	NUM
gujaf-80	117	16	8.4000	8.4000	NUM
gujaf-80	117	17	1.8800	1.8800	NUM
gujaf-80	117	18	7.0500	7.0500	NUM
gujaf-80	117	19	n	n	NOUN
gujaf-80	117	20	=	=	SYM
gujaf-80	117	21	480	480	NUM
gujaf-80	117	22	between	between	ADP
gujaf-80	117	23	7.7400	7.7400	NUM
gujaf-80	117	24	2.8600	2.8600	NUM
gujaf-80	117	25	4.1500	4.1500	NUM
gujaf-80	117	26	n	n	NOUN
gujaf-80	117	27	=	=	SYM
gujaf-80	117	28	49	49	NUM
gujaf-80	117	29	within	within	ADP
gujaf-80	117	30	3.2500	3.2500	NUM
gujaf-80	117	31	-8.9400	-8.9400	NOUN
gujaf-80	117	32	6.6500	6.6500	NUM
gujaf-80	117	33	t	t	NOUN
gujaf-80	117	34	-	-	PUNCT
gujaf-80	117	35	bar	bar	NOUN
gujaf-80	117	36	=	=	SYM
gujaf-80	117	37	9.7959	9.7959	NUM
gujaf-80	117	38	source	source	NOUN
gujaf-80	117	39	:	:	PUNCT
gujaf-80	117	40	stata	stata	NOUN
gujaf-80	117	41	output	output	NOUN
gujaf-80	117	42	,	,	PUNCT
gujaf-80	117	43	2021	2021	NUM
gujaf-80	117	44	the	the	DET
gujaf-80	117	45	hausman	hausman	ADJ
gujaf-80	117	46	chi	chi	PROPN
gujaf-80	117	47	2	2	NUM
gujaf-80	117	48	test	test	NOUN
gujaf-80	117	49	(	(	PUNCT
gujaf-80	117	50	table	table	NOUN
gujaf-80	117	51	2	2	NUM
gujaf-80	117	52	)	)	PUNCT
gujaf-80	117	53	value	value	NOUN
gujaf-80	117	54	of	of	ADP
gujaf-80	117	55	26.04	26.04	NUM
gujaf-80	117	56	with	with	ADP
gujaf-80	117	57	pro	pro	ADJ
gujaf-80	117	58	-	-	ADJ
gujaf-80	117	59	value	value	NOUN
gujaf-80	117	60	of	of	ADP
gujaf-80	117	61	0.0000	0.0000	NUM
gujaf-80	117	62	less	less	ADJ
gujaf-80	117	63	than	than	ADP
gujaf-80	117	64	5	5	NUM
gujaf-80	117	65	%	%	NOUN
gujaf-80	117	66	and	and	CCONJ
gujaf-80	117	67	which	which	PRON
gujaf-80	117	68	is	be	AUX
gujaf-80	117	69	statistically	statistically	ADV
gujaf-80	117	70	significant	significant	ADJ
gujaf-80	117	71	.	.	PUNCT
gujaf-80	118	1	hence	hence	ADV
gujaf-80	118	2	,	,	PUNCT
gujaf-80	118	3	we	we	PRON
gujaf-80	118	4	reject	reject	VERB
gujaf-80	118	5	the	the	DET
gujaf-80	118	6	null	null	ADJ
gujaf-80	118	7	hypothesis	hypothesis	NOUN
gujaf-80	118	8	of	of	ADP
gujaf-80	118	9	random	random	ADJ
gujaf-80	118	10	effect	effect	NOUN
gujaf-80	118	11	model	model	NOUN
gujaf-80	118	12	as	as	ADP
gujaf-80	118	13	appropriate	appropriate	ADJ
gujaf-80	118	14	,	,	PUNCT
gujaf-80	118	15	indicating	indicate	VERB
gujaf-80	118	16	that	that	SCONJ
gujaf-80	118	17	fixed	fix	VERB
gujaf-80	118	18	effect	effect	NOUN
gujaf-80	118	19	model	model	NOUN
gujaf-80	118	20	is	be	AUX
gujaf-80	118	21	more	more	ADV
gujaf-80	118	22	appropriate	appropriate	ADJ
gujaf-80	118	23	for	for	ADP
gujaf-80	118	24	prediction	prediction	NOUN
gujaf-80	118	25	and	and	CCONJ
gujaf-80	118	26	estimation	estimation	NOUN
gujaf-80	118	27	.	.	PUNCT
gujaf-80	119	1	table	table	NOUN
gujaf-80	119	2	2	2	NUM
gujaf-80	119	3	:	:	PUNCT
gujaf-80	119	4	hausman	hausman	ADJ
gujaf-80	119	5	test	test	NOUN
gujaf-80	119	6	result	result	VERB
gujaf-80	119	7	gusau	gusau	ADJ
gujaf-80	119	8	journal	journal	NOUN
gujaf-80	119	9	of	of	ADP
gujaf-80	119	10	accounting	accounting	NOUN
gujaf-80	119	11	and	and	CCONJ
gujaf-80	119	12	finance	finance	NOUN
gujaf-80	119	13	,	,	PUNCT
gujaf-80	119	14	vol	vol	NOUN
gujaf-80	119	15	.	.	PROPN
gujaf-80	119	16	2	2	NUM
gujaf-80	119	17	,	,	PUNCT
gujaf-80	119	18	issue	issue	NOUN
gujaf-80	119	19	3	3	NUM
gujaf-80	119	20	,	,	PUNCT
gujaf-80	119	21	april	april	PROPN
gujaf-80	119	22	,	,	PUNCT
gujaf-80	119	23	2021	2021	NUM
gujaf-80	119	24	10	10	NUM
gujaf-80	119	25	regressors	regressor	NOUN
gujaf-80	119	26	fer	fer	PROPN
gujaf-80	119	27	coefficients	coefficient	NOUN
gujaf-80	119	28	(	(	PUNCT
gujaf-80	119	29	b	b	NOUN
gujaf-80	119	30	)	)	PUNCT
gujaf-80	119	31	(	(	PUNCT
gujaf-80	119	32	b	b	NOUN
gujaf-80	119	33	)	)	PUNCT
gujaf-80	119	34	fixed	fix	VERB
gujaf-80	119	35	random	random	ADJ
gujaf-80	119	36	(	(	PUNCT
gujaf-80	119	37	b	b	X
gujaf-80	119	38	-	-	PUNCT
gujaf-80	119	39	b	b	NOUN
gujaf-80	119	40	)	)	PUNCT
gujaf-80	119	41	difference	difference	NOUN
gujaf-80	119	42	s.e	s.e	PROPN
gujaf-80	119	43	unemp	unemp	NOUN
gujaf-80	120	1	-9.2600	-9.2600	VERB
gujaf-80	120	2	1.6700	1.6700	NUM
gujaf-80	120	3	-2.5900	-2.5900	NOUN
gujaf-80	120	4	5.8100	5.8100	NUM
gujaf-80	120	5	exp	exp	NOUN
gujaf-80	120	6	2.0000	2.0000	NUM
gujaf-80	120	7	1.1700	1.1700	NUM
gujaf-80	120	8	83204	83204	NUM
gujaf-80	120	9	0.4388	0.4388	NUM
gujaf-80	120	10	infl	infl	PROPN
gujaf-80	120	11	-4.6200	-4.6200	PROPN
gujaf-80	120	12	-3.1400	-3.1400	NOUN
gujaf-80	120	13	-1.4800	-1.4800	PUNCT
gujaf-80	121	1	3.6100	3.6100	NUM
gujaf-80	121	2	gdp	gdp	NOUN
gujaf-80	121	3	0.0015	0.0015	NUM
gujaf-80	121	4	0.0162	0.0162	NUM
gujaf-80	121	5	-0.0147	-0.0147	NOUN
gujaf-80	121	6	0.0018	0.0018	NUM
gujaf-80	121	7	chi	chi	NOUN
gujaf-80	121	8	2	2	NUM
gujaf-80	121	9	26.04	26.04	NUM
gujaf-80	121	10	(	(	PUNCT
gujaf-80	121	11	0.0000	0.0000	NUM
gujaf-80	121	12	)	)	PUNCT
gujaf-80	121	13	source	source	NOUN
gujaf-80	121	14	:	:	PUNCT
gujaf-80	121	15	stata	stata	NOUN
gujaf-80	121	16	output	output	NOUN
gujaf-80	121	17	,	,	PUNCT
gujaf-80	121	18	2021	2021	NUM
gujaf-80	121	19	table	table	NOUN
gujaf-80	121	20	2	2	NUM
gujaf-80	121	21	shows	show	VERB
gujaf-80	121	22	the	the	DET
gujaf-80	121	23	fixed	fix	VERB
gujaf-80	121	24	effect	effect	NOUN
gujaf-80	121	25	empirical	empirical	ADJ
gujaf-80	121	26	investigation	investigation	NOUN
gujaf-80	121	27	of	of	ADP
gujaf-80	121	28	accumulation	accumulation	NOUN
gujaf-80	121	29	of	of	ADP
gujaf-80	121	30	foreign	foreign	ADJ
gujaf-80	121	31	exchange	exchange	NOUN
gujaf-80	121	32	reserves	reserve	NOUN
gujaf-80	121	33	and	and	CCONJ
gujaf-80	121	34	economic	economic	ADJ
gujaf-80	121	35	stability	stability	NOUN
gujaf-80	121	36	in	in	ADP
gujaf-80	121	37	the	the	DET
gujaf-80	121	38	sub	sub	ADJ
gujaf-80	121	39	-	-	ADJ
gujaf-80	121	40	saharan	saharan	ADJ
gujaf-80	121	41	african	african	ADJ
gujaf-80	121	42	countries	country	NOUN
gujaf-80	121	43	as	as	SCONJ
gujaf-80	121	44	selected	select	VERB
gujaf-80	121	45	by	by	ADP
gujaf-80	121	46	the	the	DET
gujaf-80	121	47	hausman	hausman	PROPN
gujaf-80	121	48	test	test	NOUN
gujaf-80	121	49	result	result	NOUN
gujaf-80	121	50	.	.	PUNCT
gujaf-80	122	1	as	as	SCONJ
gujaf-80	122	2	revealed	reveal	VERB
gujaf-80	122	3	from	from	ADP
gujaf-80	122	4	table	table	NOUN
gujaf-80	122	5	2	2	NUM
gujaf-80	122	6	,	,	PUNCT
gujaf-80	122	7	the	the	DET
gujaf-80	122	8	f	f	NOUN
gujaf-80	122	9	-	-	PUNCT
gujaf-80	122	10	value	value	NOUN
gujaf-80	122	11	indicating	indicate	VERB
gujaf-80	122	12	significant	significant	ADJ
gujaf-80	122	13	at	at	ADP
gujaf-80	122	14	1	1	NUM
gujaf-80	122	15	%	%	NOUN
gujaf-80	122	16	level	level	NOUN
gujaf-80	122	17	,	,	PUNCT
gujaf-80	122	18	showing	show	VERB
gujaf-80	122	19	that	that	SCONJ
gujaf-80	122	20	fixed	fix	VERB
gujaf-80	122	21	effect	effect	NOUN
gujaf-80	122	22	model	model	NOUN
gujaf-80	122	23	is	be	AUX
gujaf-80	122	24	adequate	adequate	ADJ
gujaf-80	122	25	and	and	CCONJ
gujaf-80	122	26	fit	fit	ADJ
gujaf-80	122	27	for	for	ADP
gujaf-80	122	28	prediction	prediction	NOUN
gujaf-80	122	29	.	.	PUNCT
gujaf-80	123	1	table	table	NOUN
gujaf-80	123	2	3	3	NUM
gujaf-80	123	3	:	:	PUNCT
gujaf-80	123	4	panel	panel	NOUN
gujaf-80	123	5	fixed	fix	VERB
gujaf-80	123	6	effect	effect	NOUN
gujaf-80	123	7	result	result	VERB
gujaf-80	123	8	dependent	dependent	ADJ
gujaf-80	123	9	variable	variable	NOUN
gujaf-80	123	10	:	:	PUNCT
gujaf-80	123	11	foreign	foreign	ADJ
gujaf-80	123	12	exchange	exchange	NOUN
gujaf-80	123	13	reserve	reserve	PROPN
gujaf-80	123	14	(	(	PUNCT
gujaf-80	123	15	fer	fer	PROPN
gujaf-80	123	16	)	)	PUNCT
gujaf-80	123	17	independent	independent	ADJ
gujaf-80	123	18	variables	variable	NOUN
gujaf-80	123	19	coefficient	coefficient	VERB
gujaf-80	123	20	standard	standard	ADJ
gujaf-80	123	21	error	error	NOUN
gujaf-80	123	22	t	t	PROPN
gujaf-80	123	23	-	-	PUNCT
gujaf-80	123	24	ratio	ratio	NOUN
gujaf-80	123	25	unemployment	unemployment	NOUN
gujaf-80	123	26	(	(	PUNCT
gujaf-80	123	27	unemp	unemp	NOUN
gujaf-80	123	28	)	)	PUNCT
gujaf-80	123	29	-9.7800	-9.7800	NOUN
gujaf-80	124	1	3.5100	3.5100	NUM
gujaf-80	124	2	2.78	2.78	NUM
gujaf-80	124	3	*	*	PUNCT
gujaf-80	124	4	*	*	PUNCT
gujaf-80	124	5	*	*	NOUN
gujaf-80	124	6	exports	export	NOUN
gujaf-80	124	7	(	(	PUNCT
gujaf-80	124	8	exp	exp	NOUN
gujaf-80	124	9	)	)	PUNCT
gujaf-80	124	10	2.0070	2.0070	NUM
gujaf-80	124	11	96458	96458	NUM
gujaf-80	124	12	2.07	2.07	NUM
gujaf-80	124	13	*	*	PUNCT
gujaf-80	124	14	*	*	PUNCT
gujaf-80	124	15	inflation	inflation	NOUN
gujaf-80	124	16	(	(	PUNCT
gujaf-80	124	17	infl	infl	PROPN
gujaf-80	124	18	)	)	PUNCT
gujaf-80	124	19	-4.6200	-4.6200	PUNCT
gujaf-80	125	1	1.6900	1.6900	NUM
gujaf-80	125	2	2.73	2.73	NUM
gujaf-80	125	3	*	*	PUNCT
gujaf-80	125	4	*	*	PUNCT
gujaf-80	125	5	*	*	PUNCT
gujaf-80	125	6	gross	gross	ADJ
gujaf-80	125	7	domestic	domestic	ADJ
gujaf-80	125	8	product(gdp	product(gdp	NOUN
gujaf-80	125	9	)	)	PUNCT
gujaf-80	125	10	0.0929	0.0929	NUM
gujaf-80	125	11	0.0026	0.0026	NUM
gujaf-80	125	12	35.1	35.1	NUM
gujaf-80	125	13	*	*	PUNCT
gujaf-80	125	14	*	*	PUNCT
gujaf-80	125	15	*	*	PUNCT
gujaf-80	125	16	f	f	X
gujaf-80	125	17	-	-	PUNCT
gujaf-80	125	18	statistic	statistic	NOUN
gujaf-80	125	19	3.36	3.36	NUM
gujaf-80	125	20	*	*	NOUN
gujaf-80	125	21	*	*	PUNCT
gujaf-80	125	22	*	*	PUNCT
gujaf-80	125	23	diagnostic	diagnostic	ADJ
gujaf-80	125	24	tests	test	NOUN
gujaf-80	125	25	multicollinearity	multicollinearity	NOUN
gujaf-80	125	26	test	test	NOUN
gujaf-80	125	27	(	(	PUNCT
gujaf-80	125	28	vif	vif	NOUN
gujaf-80	125	29	)	)	PUNCT
gujaf-80	125	30	1.10	1.10	NUM
gujaf-80	125	31	heteroskedasticity	heteroskedasticity	NOUN
gujaf-80	125	32	test	test	NOUN
gujaf-80	125	33	(	(	PUNCT
gujaf-80	125	34	breusch	breusch	PROPN
gujaf-80	125	35	pagan	pagan	VERB
gujaf-80	125	36	test	test	NOUN
gujaf-80	125	37	)	)	PUNCT
gujaf-80	125	38	2.26	2.26	NUM
gujaf-80	125	39	(	(	PUNCT
gujaf-80	125	40	0.7163	0.7163	NUM
gujaf-80	125	41	)	)	PUNCT
gujaf-80	125	42	wooldridge	wooldridge	PROPN
gujaf-80	125	43	test	test	NOUN
gujaf-80	125	44	for	for	ADP
gujaf-80	125	45	serial	serial	ADJ
gujaf-80	125	46	correlation	correlation	NOUN
gujaf-80	125	47	3.04	3.04	NUM
gujaf-80	125	48	(	(	PUNCT
gujaf-80	125	49	0.0723	0.0723	NUM
gujaf-80	125	50	)	)	PUNCT
gujaf-80	125	51	ramsey	ramsey	NOUN
gujaf-80	125	52	reset	reset	VERB
gujaf-80	125	53	1.27	1.27	NUM
gujaf-80	125	54	(	(	PUNCT
gujaf-80	125	55	0.1189	0.1189	NUM
gujaf-80	125	56	)	)	PUNCT
gujaf-80	125	57	source	source	NOUN
gujaf-80	125	58	:	:	PUNCT
gujaf-80	125	59	stata	stata	NOUN
gujaf-80	125	60	output	output	NOUN
gujaf-80	125	61	,	,	PUNCT
gujaf-80	125	62	2021	2021	NUM
gujaf-80	125	63	note	note	VERB
gujaf-80	125	64	:	:	PUNCT
gujaf-80	125	65	*	*	PUNCT
gujaf-80	125	66	*	*	PUNCT
gujaf-80	125	67	*	*	PUNCT
gujaf-80	125	68	,	,	PUNCT
gujaf-80	125	69	*	*	PUNCT
gujaf-80	125	70	*	*	PUNCT
gujaf-80	125	71	and	and	CCONJ
gujaf-80	125	72	*	*	PUNCT
gujaf-80	125	73	denotes	denote	NOUN
gujaf-80	125	74	level	level	NOUN
gujaf-80	125	75	of	of	ADP
gujaf-80	125	76	significance	significance	NOUN
gujaf-80	125	77	at	at	ADP
gujaf-80	125	78	1	1	NUM
gujaf-80	125	79	%	%	NOUN
gujaf-80	125	80	,	,	PUNCT
gujaf-80	125	81	5	5	NUM
gujaf-80	125	82	%	%	NOUN
gujaf-80	125	83	and	and	CCONJ
gujaf-80	125	84	10	10	NUM
gujaf-80	125	85	%	%	NOUN
gujaf-80	125	86	respectively	respectively	ADV
gujaf-80	125	87	.	.	PUNCT
gujaf-80	126	1	the	the	DET
gujaf-80	126	2	values	value	NOUN
gujaf-80	126	3	in	in	ADP
gujaf-80	126	4	the	the	DET
gujaf-80	126	5	parentheses	parenthesis	NOUN
gujaf-80	126	6	are	be	AUX
gujaf-80	126	7	the	the	DET
gujaf-80	126	8	p	p	NOUN
gujaf-80	126	9	-	-	PUNCT
gujaf-80	126	10	values	value	NOUN
gujaf-80	126	11	,	,	PUNCT
gujaf-80	126	12	2021	2021	NUM
gujaf-80	126	13	.	.	PUNCT
gujaf-80	127	1	gusau	gusau	PROPN
gujaf-80	127	2	journal	journal	PROPN
gujaf-80	127	3	of	of	ADP
gujaf-80	127	4	accounting	accounting	NOUN
gujaf-80	127	5	and	and	CCONJ
gujaf-80	127	6	finance	finance	NOUN
gujaf-80	127	7	,	,	PUNCT
gujaf-80	127	8	vol	vol	NOUN
gujaf-80	127	9	.	.	PROPN
gujaf-80	127	10	2	2	NUM
gujaf-80	127	11	,	,	PUNCT
gujaf-80	127	12	issue	issue	NOUN
gujaf-80	127	13	3	3	NUM
gujaf-80	127	14	,	,	PUNCT
gujaf-80	127	15	april	april	PROPN
gujaf-80	127	16	,	,	PUNCT
gujaf-80	127	17	2021	2021	NUM
gujaf-80	127	18	11	11	NUM
gujaf-80	127	19	results	result	NOUN
gujaf-80	127	20	from	from	ADP
gujaf-80	127	21	our	our	PRON
gujaf-80	127	22	model	model	NOUN
gujaf-80	127	23	shows	show	VERB
gujaf-80	127	24	that	that	SCONJ
gujaf-80	127	25	the	the	DET
gujaf-80	127	26	test	test	NOUN
gujaf-80	127	27	statistic	statistic	NOUN
gujaf-80	127	28	of	of	ADP
gujaf-80	127	29	5	5	NUM
gujaf-80	127	30	%	%	NOUN
gujaf-80	127	31	from	from	ADP
gujaf-80	127	32	serial	serial	ADJ
gujaf-80	127	33	correlation	correlation	NOUN
gujaf-80	127	34	indicates	indicate	VERB
gujaf-80	127	35	the	the	DET
gujaf-80	127	36	presence	presence	NOUN
gujaf-80	127	37	of	of	ADP
gujaf-80	127	38	serial	serial	ADJ
gujaf-80	127	39	correlation	correlation	NOUN
gujaf-80	127	40	(	(	PUNCT
gujaf-80	127	41	drunkker	drunkker	NOUN
gujaf-80	127	42	,	,	PUNCT
gujaf-80	127	43	2003	2003	NUM
gujaf-80	127	44	)	)	PUNCT
gujaf-80	127	45	.	.	PUNCT
gujaf-80	128	1	but	but	CCONJ
gujaf-80	128	2	our	our	PRON
gujaf-80	128	3	findings	finding	NOUN
gujaf-80	128	4	from	from	ADP
gujaf-80	128	5	table	table	NOUN
gujaf-80	128	6	3	3	NUM
gujaf-80	128	7	revealed	reveal	VERB
gujaf-80	128	8	otherwise	otherwise	ADV
gujaf-80	128	9	,	,	PUNCT
gujaf-80	128	10	so	so	ADV
gujaf-80	128	11	we	we	PRON
gujaf-80	128	12	accept	accept	VERB
gujaf-80	128	13	the	the	DET
gujaf-80	128	14	null	null	ADJ
gujaf-80	128	15	hypothesis	hypothesis	NOUN
gujaf-80	128	16	of	of	ADP
gujaf-80	128	17	no	no	DET
gujaf-80	128	18	firstorder	firstorder	NOUN
gujaf-80	128	19	autocorrelation	autocorrelation	NOUN
gujaf-80	128	20	problem	problem	NOUN
gujaf-80	128	21	.	.	PUNCT
gujaf-80	129	1	both	both	DET
gujaf-80	129	2	breusch	breusch	VERB
gujaf-80	129	3	pagan	pagan	VERB
gujaf-80	129	4	and	and	CCONJ
gujaf-80	129	5	vif	vif	NOUN
gujaf-80	129	6	tests	test	NOUN
gujaf-80	129	7	revealed	reveal	VERB
gujaf-80	129	8	absence	absence	NOUN
gujaf-80	129	9	of	of	ADP
gujaf-80	129	10	multi	multi	ADJ
gujaf-80	129	11	-	-	ADJ
gujaf-80	129	12	collinearity	collinearity	ADJ
gujaf-80	129	13	and	and	CCONJ
gujaf-80	129	14	heteroskedasticity	heteroskedasticity	NOUN
gujaf-80	129	15	problem	problem	NOUN
gujaf-80	129	16	in	in	ADP
gujaf-80	129	17	the	the	DET
gujaf-80	129	18	model	model	NOUN
gujaf-80	129	19	.	.	PUNCT
gujaf-80	130	1	also	also	ADV
gujaf-80	130	2	,	,	PUNCT
gujaf-80	130	3	the	the	DET
gujaf-80	130	4	ramsey	ramsey	NOUN
gujaf-80	130	5	reset	reset	NOUN
gujaf-80	130	6	for	for	ADP
gujaf-80	130	7	functional	functional	ADJ
gujaf-80	130	8	specification	specification	NOUN
gujaf-80	130	9	shows	show	VERB
gujaf-80	130	10	that	that	SCONJ
gujaf-80	130	11	there	there	PRON
gujaf-80	130	12	is	be	VERB
gujaf-80	130	13	no	no	DET
gujaf-80	130	14	evidence	evidence	NOUN
gujaf-80	130	15	of	of	ADP
gujaf-80	130	16	misspecification	misspecification	NOUN
gujaf-80	130	17	with	with	ADP
gujaf-80	130	18	f	f	PROPN
gujaf-80	130	19	-	-	PUNCT
gujaf-80	130	20	statistics	statistic	NOUN
gujaf-80	130	21	of	of	ADP
gujaf-80	130	22	1.27	1.27	NUM
gujaf-80	130	23	and	and	CCONJ
gujaf-80	130	24	a	a	DET
gujaf-80	130	25	probability	probability	NOUN
gujaf-80	130	26	value	value	NOUN
gujaf-80	130	27	of	of	ADP
gujaf-80	130	28	0.1189	0.1189	NUM
gujaf-80	130	29	thus	thus	ADV
gujaf-80	130	30	;	;	PUNCT
gujaf-80	130	31	the	the	DET
gujaf-80	130	32	fixed	fix	VERB
gujaf-80	130	33	effect	effect	NOUN
gujaf-80	130	34	model	model	NOUN
gujaf-80	130	35	is	be	AUX
gujaf-80	130	36	correctly	correctly	ADV
gujaf-80	130	37	specified	specify	VERB
gujaf-80	130	38	.	.	PUNCT
gujaf-80	131	1	so	so	ADV
gujaf-80	131	2	to	to	PART
gujaf-80	131	3	say	say	VERB
gujaf-80	131	4	our	our	PRON
gujaf-80	131	5	model	model	NOUN
gujaf-80	131	6	is	be	AUX
gujaf-80	131	7	appropriate	appropriate	ADJ
gujaf-80	131	8	for	for	ADP
gujaf-80	131	9	prediction	prediction	NOUN
gujaf-80	131	10	.	.	PUNCT
gujaf-80	132	1	specifically	specifically	ADV
gujaf-80	132	2	,	,	PUNCT
gujaf-80	132	3	unemployment	unemployment	NOUN
gujaf-80	132	4	(	(	PUNCT
gujaf-80	132	5	unemp	unemp	NOUN
gujaf-80	132	6	)	)	PUNCT
gujaf-80	132	7	shows	show	VERB
gujaf-80	132	8	a	a	DET
gujaf-80	132	9	negative	negative	ADJ
gujaf-80	132	10	coefficient	coefficient	NOUN
gujaf-80	132	11	at	at	ADP
gujaf-80	132	12	1	1	NUM
gujaf-80	132	13	%	%	NOUN
gujaf-80	132	14	level	level	NOUN
gujaf-80	132	15	of	of	ADP
gujaf-80	132	16	significance	significance	NOUN
gujaf-80	132	17	,	,	PUNCT
gujaf-80	132	18	indicating	indicate	VERB
gujaf-80	132	19	a	a	DET
gujaf-80	132	20	negative	negative	ADJ
gujaf-80	132	21	relationship	relationship	NOUN
gujaf-80	132	22	between	between	ADP
gujaf-80	132	23	foreign	foreign	ADJ
gujaf-80	132	24	exchange	exchange	NOUN
gujaf-80	132	25	reserve	reserve	NOUN
gujaf-80	132	26	and	and	CCONJ
gujaf-80	132	27	unemployment	unemployment	NOUN
gujaf-80	132	28	level	level	NOUN
gujaf-80	132	29	,	,	PUNCT
gujaf-80	132	30	this	this	PRON
gujaf-80	132	31	shows	show	VERB
gujaf-80	132	32	that	that	SCONJ
gujaf-80	132	33	a	a	DET
gujaf-80	132	34	percentage	percentage	NOUN
gujaf-80	132	35	change	change	NOUN
gujaf-80	132	36	in	in	ADP
gujaf-80	132	37	unemployment	unemployment	NOUN
gujaf-80	132	38	,	,	PUNCT
gujaf-80	132	39	will	will	AUX
gujaf-80	132	40	cause	cause	VERB
gujaf-80	132	41	9.78	9.78	NUM
gujaf-80	132	42	%	%	NOUN
gujaf-80	132	43	decrease	decrease	NOUN
gujaf-80	132	44	in	in	ADP
gujaf-80	132	45	foreign	foreign	ADJ
gujaf-80	132	46	exchange	exchange	NOUN
gujaf-80	132	47	reserve	reserve	NOUN
gujaf-80	132	48	in	in	ADP
gujaf-80	132	49	sub	sub	ADJ
gujaf-80	132	50	-	-	ADJ
gujaf-80	132	51	saharan	saharan	ADJ
gujaf-80	132	52	african	african	ADJ
gujaf-80	132	53	countries	country	NOUN
gujaf-80	132	54	showing	show	VERB
gujaf-80	132	55	that	that	SCONJ
gujaf-80	132	56	the	the	DET
gujaf-80	132	57	accumulation	accumulation	NOUN
gujaf-80	132	58	of	of	ADP
gujaf-80	132	59	foreign	foreign	ADJ
gujaf-80	132	60	reserve	reserve	NOUN
gujaf-80	132	61	is	be	AUX
gujaf-80	132	62	strongly	strongly	ADV
gujaf-80	132	63	mitigated	mitigate	VERB
gujaf-80	132	64	by	by	ADP
gujaf-80	132	65	the	the	DET
gujaf-80	132	66	increase	increase	NOUN
gujaf-80	132	67	rate	rate	NOUN
gujaf-80	132	68	of	of	ADP
gujaf-80	132	69	unemployment	unemployment	NOUN
gujaf-80	132	70	rate	rate	NOUN
gujaf-80	132	71	among	among	ADP
gujaf-80	132	72	sub	sub	ADJ
gujaf-80	132	73	-	-	ADJ
gujaf-80	132	74	saharan	saharan	ADJ
gujaf-80	132	75	african	african	ADJ
gujaf-80	132	76	countries	country	NOUN
gujaf-80	132	77	,	,	PUNCT
gujaf-80	132	78	this	this	PRON
gujaf-80	132	79	contradicts	contradict	VERB
gujaf-80	132	80	the	the	DET
gujaf-80	132	81	works	work	NOUN
gujaf-80	132	82	of	of	ADP
gujaf-80	132	83	polterovich	polterovich	NOUN
gujaf-80	132	84	and	and	CCONJ
gujaf-80	132	85	popov	popov	PROPN
gujaf-80	132	86	(	(	PUNCT
gujaf-80	132	87	2002	2002	NUM
gujaf-80	132	88	)	)	PUNCT
gujaf-80	132	89	;	;	PUNCT
gujaf-80	132	90	matsumoto	matsumoto	NOUN
gujaf-80	132	91	(	(	PUNCT
gujaf-80	132	92	2019	2019	NUM
gujaf-80	132	93	)	)	PUNCT
gujaf-80	132	94	&	&	CCONJ
gujaf-80	132	95	bianchi	bianchi	PROPN
gujaf-80	132	96	and	and	CCONJ
gujaf-80	132	97	sosa	sosa	PROPN
gujaf-80	132	98	-	-	PUNCT
gujaf-80	132	99	padillo	padillo	PROPN
gujaf-80	132	100	(	(	PUNCT
gujaf-80	132	101	2020	2020	NUM
gujaf-80	132	102	)	)	PUNCT
gujaf-80	132	103	whose	whose	DET
gujaf-80	132	104	studies	study	NOUN
gujaf-80	132	105	confirms	confirm	VERB
gujaf-80	132	106	the	the	DET
gujaf-80	132	107	hypothesizes	hypothesize	NOUN
gujaf-80	132	108	that	that	SCONJ
gujaf-80	132	109	foreign	foreign	ADJ
gujaf-80	132	110	exchange	exchange	NOUN
gujaf-80	132	111	accumulation	accumulation	NOUN
gujaf-80	132	112	promotes	promote	VERB
gujaf-80	132	113	domestic	domestic	ADJ
gujaf-80	132	114	productivity	productivity	NOUN
gujaf-80	132	115	due	due	ADP
gujaf-80	132	116	to	to	ADP
gujaf-80	132	117	the	the	DET
gujaf-80	132	118	reduction	reduction	NOUN
gujaf-80	132	119	in	in	ADP
gujaf-80	132	120	exchange	exchange	NOUN
gujaf-80	132	121	rate	rate	NOUN
gujaf-80	132	122	which	which	PRON
gujaf-80	132	123	in	in	ADP
gujaf-80	132	124	turn	turn	NOUN
gujaf-80	132	125	increases	increase	VERB
gujaf-80	132	126	the	the	DET
gujaf-80	132	127	level	level	NOUN
gujaf-80	132	128	of	of	ADP
gujaf-80	132	129	output	output	NOUN
gujaf-80	132	130	in	in	ADP
gujaf-80	132	131	the	the	DET
gujaf-80	132	132	economy	economy	NOUN
gujaf-80	132	133	by	by	ADP
gujaf-80	132	134	employing	employ	VERB
gujaf-80	132	135	more	more	ADJ
gujaf-80	132	136	of	of	ADP
gujaf-80	132	137	all	all	DET
gujaf-80	132	138	factors	factor	NOUN
gujaf-80	132	139	of	of	ADP
gujaf-80	132	140	production	production	NOUN
gujaf-80	132	141	.	.	PUNCT
gujaf-80	133	1	exports	export	NOUN
gujaf-80	133	2	(	(	PUNCT
gujaf-80	133	3	exp	exp	NOUN
gujaf-80	133	4	)	)	PUNCT
gujaf-80	133	5	coefficient	coefficient	NOUN
gujaf-80	133	6	has	have	VERB
gujaf-80	133	7	positive	positive	ADJ
gujaf-80	133	8	and	and	CCONJ
gujaf-80	133	9	significant	significant	ADJ
gujaf-80	133	10	relationship	relationship	NOUN
gujaf-80	133	11	with	with	ADP
gujaf-80	133	12	foreign	foreign	ADJ
gujaf-80	133	13	exchange	exchange	NOUN
gujaf-80	133	14	reserve	reserve	NOUN
gujaf-80	133	15	at	at	ADP
gujaf-80	133	16	5	5	NUM
gujaf-80	133	17	%	%	NOUN
gujaf-80	133	18	level	level	NOUN
gujaf-80	133	19	.	.	PUNCT
gujaf-80	134	1	indicating	indicate	VERB
gujaf-80	134	2	a	a	DET
gujaf-80	134	3	percentage	percentage	NOUN
gujaf-80	134	4	change	change	NOUN
gujaf-80	134	5	in	in	ADP
gujaf-80	134	6	exports	export	NOUN
gujaf-80	134	7	,	,	PUNCT
gujaf-80	134	8	will	will	AUX
gujaf-80	134	9	cause	cause	VERB
gujaf-80	134	10	foreign	foreign	ADJ
gujaf-80	134	11	exchange	exchange	NOUN
gujaf-80	134	12	reserve	reserve	NOUN
gujaf-80	134	13	(	(	PUNCT
gujaf-80	134	14	fer	fer	PROPN
gujaf-80	134	15	)	)	PUNCT
gujaf-80	134	16	to	to	PART
gujaf-80	134	17	increase	increase	VERB
gujaf-80	134	18	by	by	ADP
gujaf-80	134	19	2.007	2.007	NUM
gujaf-80	134	20	%	%	NOUN
gujaf-80	134	21	,	,	PUNCT
gujaf-80	134	22	showing	show	VERB
gujaf-80	134	23	that	that	SCONJ
gujaf-80	134	24	the	the	DET
gujaf-80	134	25	base	base	NOUN
gujaf-80	134	26	of	of	ADP
gujaf-80	134	27	foreign	foreign	ADJ
gujaf-80	134	28	reserve	reserve	NOUN
gujaf-80	134	29	in	in	ADP
gujaf-80	134	30	sub	sub	ADJ
gujaf-80	134	31	-	-	ADJ
gujaf-80	134	32	saharan	saharan	ADJ
gujaf-80	134	33	countries	country	NOUN
gujaf-80	134	34	is	be	AUX
gujaf-80	134	35	strongly	strongly	ADV
gujaf-80	134	36	positively	positively	ADV
gujaf-80	134	37	determined	determine	VERB
gujaf-80	134	38	by	by	ADP
gujaf-80	134	39	exports	export	NOUN
gujaf-80	134	40	among	among	ADP
gujaf-80	134	41	these	these	DET
gujaf-80	134	42	countries	country	NOUN
gujaf-80	134	43	.	.	PUNCT
gujaf-80	135	1	this	this	PRON
gujaf-80	135	2	is	be	AUX
gujaf-80	135	3	in	in	ADP
gujaf-80	135	4	tandem	tandem	NOUN
gujaf-80	135	5	with	with	ADP
gujaf-80	135	6	the	the	DET
gujaf-80	135	7	work	work	NOUN
gujaf-80	135	8	of	of	ADP
gujaf-80	135	9	osabuohien	osabuohien	PROPN
gujaf-80	135	10	and	and	CCONJ
gujaf-80	135	11	egwakhe	egwakhe	ADJ
gujaf-80	135	12	,	,	PUNCT
gujaf-80	135	13	(	(	PUNCT
gujaf-80	135	14	2008	2008	NUM
gujaf-80	135	15	)	)	PUNCT
gujaf-80	135	16	who	who	PRON
gujaf-80	135	17	find	find	VERB
gujaf-80	135	18	a	a	DET
gujaf-80	135	19	positive	positive	ADJ
gujaf-80	135	20	relationship	relationship	NOUN
gujaf-80	135	21	between	between	ADP
gujaf-80	135	22	foreign	foreign	ADJ
gujaf-80	135	23	reserves	reserve	NOUN
gujaf-80	135	24	and	and	CCONJ
gujaf-80	135	25	exports	export	NOUN
gujaf-80	135	26	in	in	ADP
gujaf-80	135	27	the	the	DET
gujaf-80	135	28	nigerian	nigerian	ADJ
gujaf-80	135	29	economy	economy	NOUN
gujaf-80	135	30	,	,	PUNCT
gujaf-80	135	31	although	although	SCONJ
gujaf-80	135	32	not	not	PART
gujaf-80	135	33	significant	significant	ADJ
gujaf-80	135	34	,	,	PUNCT
gujaf-80	135	35	due	due	ADP
gujaf-80	135	36	to	to	ADP
gujaf-80	135	37	the	the	DET
gujaf-80	135	38	fact	fact	NOUN
gujaf-80	135	39	that	that	SCONJ
gujaf-80	135	40	these	these	DET
gujaf-80	135	41	excess	excess	ADJ
gujaf-80	135	42	resources	resource	NOUN
gujaf-80	135	43	are	be	AUX
gujaf-80	135	44	not	not	PART
gujaf-80	135	45	ploughed	plough	VERB
gujaf-80	135	46	back	back	ADV
gujaf-80	135	47	into	into	ADP
gujaf-80	135	48	the	the	DET
gujaf-80	135	49	economy	economy	NOUN
gujaf-80	135	50	.	.	PUNCT
gujaf-80	136	1	this	this	PRON
gujaf-80	136	2	also	also	ADV
gujaf-80	136	3	confirms	confirm	VERB
gujaf-80	136	4	the	the	DET
gujaf-80	136	5	earlier	early	ADJ
gujaf-80	136	6	postulations	postulation	NOUN
gujaf-80	136	7	by	by	ADP
gujaf-80	136	8	polterovich	polterovich	NOUN
gujaf-80	136	9	and	and	CCONJ
gujaf-80	136	10	popov	popov	PROPN
gujaf-80	136	11	(	(	PUNCT
gujaf-80	136	12	2002	2002	NUM
gujaf-80	136	13	)	)	PUNCT
gujaf-80	136	14	which	which	PRON
gujaf-80	136	15	alluded	allude	VERB
gujaf-80	136	16	to	to	ADP
gujaf-80	136	17	the	the	DET
gujaf-80	136	18	fact	fact	NOUN
gujaf-80	136	19	that	that	SCONJ
gujaf-80	136	20	due	due	ADP
gujaf-80	136	21	to	to	ADP
gujaf-80	136	22	the	the	DET
gujaf-80	136	23	increase	increase	NOUN
gujaf-80	136	24	in	in	ADP
gujaf-80	136	25	aggregate	aggregate	ADJ
gujaf-80	136	26	demand	demand	NOUN
gujaf-80	136	27	motivated	motivate	VERB
gujaf-80	136	28	by	by	ADP
gujaf-80	136	29	the	the	DET
gujaf-80	136	30	devaluation	devaluation	NOUN
gujaf-80	136	31	in	in	ADP
gujaf-80	136	32	the	the	DET
gujaf-80	136	33	domestic	domestic	ADJ
gujaf-80	136	34	currency	currency	NOUN
gujaf-80	136	35	,	,	PUNCT
gujaf-80	136	36	local	local	ADJ
gujaf-80	136	37	production	production	NOUN
gujaf-80	136	38	will	will	AUX
gujaf-80	136	39	be	be	AUX
gujaf-80	136	40	boosted	boost	VERB
gujaf-80	136	41	which	which	PRON
gujaf-80	136	42	will	will	AUX
gujaf-80	136	43	ultimately	ultimately	ADV
gujaf-80	136	44	enhance	enhance	VERB
gujaf-80	136	45	production	production	NOUN
gujaf-80	136	46	both	both	CCONJ
gujaf-80	136	47	for	for	ADP
gujaf-80	136	48	local	local	ADJ
gujaf-80	136	49	and	and	CCONJ
gujaf-80	136	50	foreign	foreign	ADJ
gujaf-80	136	51	consumption	consumption	NOUN
gujaf-80	136	52	.	.	PUNCT
gujaf-80	137	1	inflation	inflation	NOUN
gujaf-80	137	2	(	(	PUNCT
gujaf-80	137	3	infl	infl	PROPN
gujaf-80	137	4	)	)	PUNCT
gujaf-80	137	5	co	co	ADJ
gujaf-80	137	6	-	-	ADJ
gujaf-80	137	7	efficient	efficient	ADJ
gujaf-80	137	8	shows	show	VERB
gujaf-80	137	9	a	a	DET
gujaf-80	137	10	significant	significant	ADJ
gujaf-80	137	11	negative	negative	ADJ
gujaf-80	137	12	correlation	correlation	NOUN
gujaf-80	137	13	with	with	ADP
gujaf-80	137	14	foreign	foreign	ADJ
gujaf-80	137	15	exchange	exchange	NOUN
gujaf-80	137	16	reserve	reserve	NOUN
gujaf-80	137	17	.	.	PUNCT
gujaf-80	138	1	this	this	PRON
gujaf-80	138	2	shows	show	VERB
gujaf-80	138	3	that	that	SCONJ
gujaf-80	138	4	a	a	DET
gujaf-80	138	5	unit	unit	NOUN
gujaf-80	138	6	change	change	NOUN
gujaf-80	138	7	in	in	ADP
gujaf-80	138	8	inflation	inflation	NOUN
gujaf-80	138	9	rate	rate	NOUN
gujaf-80	138	10	will	will	AUX
gujaf-80	138	11	cause	cause	VERB
gujaf-80	138	12	foreign	foreign	ADJ
gujaf-80	138	13	exchange	exchange	NOUN
gujaf-80	138	14	reserve	reserve	NOUN
gujaf-80	138	15	to	to	PART
gujaf-80	138	16	decrease	decrease	VERB
gujaf-80	138	17	by	by	ADP
gujaf-80	138	18	4.62	4.62	NUM
gujaf-80	138	19	%	%	NOUN
gujaf-80	138	20	consistent	consistent	ADJ
gujaf-80	138	21	with	with	ADP
gujaf-80	138	22	the	the	DET
gujaf-80	138	23	findings	finding	NOUN
gujaf-80	138	24	of	of	ADP
gujaf-80	138	25	lin	lin	PROPN
gujaf-80	138	26	and	and	CCONJ
gujaf-80	138	27	wang	wang	PROPN
gujaf-80	138	28	(	(	PUNCT
gujaf-80	138	29	2005	2005	NUM
gujaf-80	138	30	)	)	PUNCT
gujaf-80	138	31	;	;	PUNCT
gujaf-80	138	32	abdulateef	abdulateef	VERB
gujaf-80	138	33	and	and	CCONJ
gujaf-80	138	34	waheed	waheed	PROPN
gujaf-80	138	35	(	(	PUNCT
gujaf-80	138	36	2010	2010	NUM
gujaf-80	138	37	)	)	PUNCT
gujaf-80	138	38	&	&	CCONJ
gujaf-80	138	39	olokoyo	olokoyo	PROPN
gujaf-80	138	40	,	,	PUNCT
gujaf-80	138	41	osubuohien	osubuohien	NOUN
gujaf-80	138	42	and	and	CCONJ
gujaf-80	138	43	salami	salami	NOUN
gujaf-80	138	44	(	(	PUNCT
gujaf-80	138	45	2009	2009	NUM
gujaf-80	138	46	)	)	PUNCT
gujaf-80	138	47	.	.	PUNCT
gujaf-80	139	1	this	this	PRON
gujaf-80	139	2	is	be	AUX
gujaf-80	139	3	observable	observable	ADJ
gujaf-80	139	4	in	in	ADP
gujaf-80	139	5	high	high	ADJ
gujaf-80	139	6	reserves	reserve	NOUN
gujaf-80	139	7	countries	country	NOUN
gujaf-80	139	8	,	,	PUNCT
gujaf-80	139	9	where	where	SCONJ
gujaf-80	139	10	excessive	excessive	ADJ
gujaf-80	139	11	accumulation	accumulation	NOUN
gujaf-80	139	12	by	by	ADP
gujaf-80	139	13	state	state	NOUN
gujaf-80	139	14	authorities	authority	NOUN
gujaf-80	139	15	will	will	AUX
gujaf-80	139	16	instigate	instigate	VERB
gujaf-80	139	17	aggressive	aggressive	ADJ
gujaf-80	139	18	demand	demand	NOUN
gujaf-80	139	19	by	by	ADP
gujaf-80	139	20	private	private	ADJ
gujaf-80	139	21	individuals	individual	NOUN
gujaf-80	139	22	in	in	ADP
gujaf-80	139	23	the	the	DET
gujaf-80	139	24	private	private	ADJ
gujaf-80	139	25	sector	sector	NOUN
gujaf-80	139	26	,	,	PUNCT
gujaf-80	139	27	ultimately	ultimately	ADV
gujaf-80	139	28	intensify	intensify	VERB
gujaf-80	139	29	the	the	DET
gujaf-80	139	30	rate	rate	NOUN
gujaf-80	139	31	of	of	ADP
gujaf-80	139	32	borrowing	borrow	VERB
gujaf-80	139	33	money	money	NOUN
gujaf-80	139	34	.	.	PUNCT
gujaf-80	140	1	the	the	DET
gujaf-80	140	2	co	co	NOUN
gujaf-80	140	3	-	-	ADJ
gujaf-80	140	4	efficient	efficient	ADJ
gujaf-80	140	5	of	of	ADP
gujaf-80	140	6	gross	gross	ADJ
gujaf-80	140	7	domestic	domestic	ADJ
gujaf-80	140	8	products	product	NOUN
gujaf-80	140	9	(	(	PUNCT
gujaf-80	140	10	gdp	gdp	NOUN
gujaf-80	140	11	)	)	PUNCT
gujaf-80	140	12	,	,	PUNCT
gujaf-80	140	13	shows	show	VERB
gujaf-80	140	14	a	a	DET
gujaf-80	140	15	significant	significant	ADJ
gujaf-80	140	16	positive	positive	ADJ
gujaf-80	140	17	effect	effect	NOUN
gujaf-80	140	18	on	on	ADP
gujaf-80	140	19	foreign	foreign	ADJ
gujaf-80	140	20	exchange	exchange	NOUN
gujaf-80	140	21	reserve	reserve	NOUN
gujaf-80	140	22	in	in	ADP
gujaf-80	140	23	consistent	consistent	ADJ
gujaf-80	140	24	with	with	ADP
gujaf-80	140	25	the	the	DET
gujaf-80	140	26	findings	finding	NOUN
gujaf-80	140	27	by	by	ADP
gujaf-80	140	28	polterovich	polterovich	NOUN
gujaf-80	140	29	and	and	CCONJ
gujaf-80	140	30	popov	popov	PROPN
gujaf-80	140	31	(	(	PUNCT
gujaf-80	140	32	2003	2003	NUM
gujaf-80	140	33	)	)	PUNCT
gujaf-80	140	34	but	but	CCONJ
gujaf-80	140	35	contradicts	contradict	VERB
gujaf-80	140	36	the	the	DET
gujaf-80	140	37	studies	study	NOUN
gujaf-80	140	38	by	by	ADP
gujaf-80	140	39	chinaemerem	chinaemerem	ADJ
gujaf-80	140	40	and	and	CCONJ
gujaf-80	140	41	ebiringa	ebiringa	PROPN
gujaf-80	140	42	(	(	PUNCT
gujaf-80	140	43	2004	2004	NUM
gujaf-80	140	44	)	)	PUNCT
gujaf-80	140	45	;	;	PUNCT
gujaf-80	140	46	olokoyo	olokoyo	VERB
gujaf-80	140	47	et	et	PROPN
gujaf-80	140	48	al	al	PROPN
gujaf-80	140	49	.	.	PROPN
gujaf-80	140	50	,	,	PUNCT
gujaf-80	140	51	(	(	PUNCT
gujaf-80	140	52	2009	2009	NUM
gujaf-80	140	53	)	)	PUNCT
gujaf-80	140	54	.	.	PUNCT
gujaf-80	141	1	most	most	ADJ
gujaf-80	141	2	african	african	ADJ
gujaf-80	141	3	countries	country	NOUN
gujaf-80	141	4	over	over	ADP
gujaf-80	141	5	the	the	DET
gujaf-80	141	6	years	year	NOUN
gujaf-80	141	7	has	have	AUX
gujaf-80	141	8	suffered	suffer	VERB
gujaf-80	141	9	structural	structural	ADJ
gujaf-80	141	10	imbalances	imbalance	NOUN
gujaf-80	141	11	,	,	PUNCT
gujaf-80	141	12	macroeconomic	macroeconomic	ADJ
gujaf-80	141	13	instability	instability	NOUN
gujaf-80	141	14	and	and	CCONJ
gujaf-80	141	15	faced	face	VERB
gujaf-80	141	16	with	with	ADP
gujaf-80	141	17	multiple	multiple	ADJ
gujaf-80	141	18	debts	debt	NOUN
gujaf-80	141	19	from	from	ADP
gujaf-80	141	20	both	both	CCONJ
gujaf-80	141	21	domestic	domestic	ADJ
gujaf-80	141	22	and	and	CCONJ
gujaf-80	141	23	foreign	foreign	ADJ
gujaf-80	141	24	sources	source	NOUN
gujaf-80	141	25	despite	despite	SCONJ
gujaf-80	141	26	the	the	DET
gujaf-80	141	27	presence	presence	NOUN
gujaf-80	141	28	of	of	ADP
gujaf-80	141	29	huge	huge	ADJ
gujaf-80	141	30	foreign	foreign	ADJ
gujaf-80	141	31	exchange	exchange	NOUN
gujaf-80	141	32	reserves	reserve	NOUN
gujaf-80	141	33	which	which	PRON
gujaf-80	141	34	has	have	AUX
gujaf-80	141	35	not	not	PART
gujaf-80	141	36	been	be	AUX
gujaf-80	141	37	adequately	adequately	ADV
gujaf-80	141	38	managed	manage	VERB
gujaf-80	141	39	to	to	PART
gujaf-80	141	40	propel	propel	VERB
gujaf-80	141	41	their	their	PRON
gujaf-80	141	42	economies	economy	NOUN
gujaf-80	141	43	to	to	ADP
gujaf-80	141	44	the	the	DET
gujaf-80	141	45	required	require	VERB
gujaf-80	141	46	economic	economic	ADJ
gujaf-80	141	47	growth	growth	NOUN
gujaf-80	141	48	projected	project	VERB
gujaf-80	141	49	with	with	ADP
gujaf-80	141	50	the	the	DET
gujaf-80	141	51	adoption	adoption	NOUN
gujaf-80	141	52	of	of	ADP
gujaf-80	141	53	this	this	DET
gujaf-80	141	54	policy	policy	NOUN
gujaf-80	141	55	of	of	ADP
gujaf-80	141	56	foreign	foreign	ADJ
gujaf-80	141	57	exchange	exchange	NOUN
gujaf-80	141	58	accumulation	accumulation	NOUN
gujaf-80	141	59	.	.	PUNCT
gujaf-80	142	1	meanwhile	meanwhile	ADV
gujaf-80	142	2	other	other	ADJ
gujaf-80	142	3	asian	asian	ADJ
gujaf-80	142	4	countries	country	NOUN
gujaf-80	142	5	have	have	AUX
gujaf-80	142	6	experienced	experience	VERB
gujaf-80	142	7	economic	economic	ADJ
gujaf-80	142	8	prosperity	prosperity	NOUN
gujaf-80	142	9	in	in	ADP
gujaf-80	142	10	the	the	DET
gujaf-80	142	11	past	past	NOUN
gujaf-80	142	12	when	when	SCONJ
gujaf-80	142	13	this	this	DET
gujaf-80	142	14	same	same	ADJ
gujaf-80	142	15	policy	policy	NOUN
gujaf-80	142	16	was	be	AUX
gujaf-80	142	17	adopted	adopt	VERB
gujaf-80	142	18	.	.	PUNCT
gujaf-80	143	1	5	5	X
gujaf-80	143	2	.	.	X
gujaf-80	143	3	conclusion	conclusion	NOUN
gujaf-80	143	4	and	and	CCONJ
gujaf-80	143	5	policy	policy	NOUN
gujaf-80	143	6	recommendations	recommendation	NOUN
gujaf-80	143	7	.	.	PUNCT
gujaf-80	144	1	gusau	gusau	ADJ
gujaf-80	144	2	journal	journal	PROPN
gujaf-80	144	3	of	of	ADP
gujaf-80	144	4	accounting	accounting	NOUN
gujaf-80	144	5	and	and	CCONJ
gujaf-80	144	6	finance	finance	NOUN
gujaf-80	144	7	,	,	PUNCT
gujaf-80	144	8	vol	vol	NOUN
gujaf-80	144	9	.	.	PROPN
gujaf-80	144	10	2	2	NUM
gujaf-80	144	11	,	,	PUNCT
gujaf-80	144	12	issue	issue	NOUN
gujaf-80	144	13	3	3	NUM
gujaf-80	144	14	,	,	PUNCT
gujaf-80	144	15	april	april	PROPN
gujaf-80	144	16	,	,	PUNCT
gujaf-80	144	17	2021	2021	NUM
gujaf-80	144	18	12	12	NUM
gujaf-80	144	19	this	this	DET
gujaf-80	144	20	study	study	NOUN
gujaf-80	144	21	empirically	empirically	ADV
gujaf-80	144	22	investigated	investigate	VERB
gujaf-80	144	23	foreign	foreign	ADJ
gujaf-80	144	24	exchange	exchange	NOUN
gujaf-80	144	25	reserves	reserve	NOUN
gujaf-80	144	26	accumulation	accumulation	NOUN
gujaf-80	144	27	and	and	CCONJ
gujaf-80	144	28	macroeconomic	macroeconomic	ADJ
gujaf-80	144	29	variables	variable	NOUN
gujaf-80	144	30	in	in	ADP
gujaf-80	144	31	sub	sub	ADJ
gujaf-80	144	32	-	-	ADJ
gujaf-80	144	33	saharan	saharan	ADJ
gujaf-80	144	34	african	african	ADJ
gujaf-80	144	35	countries	country	NOUN
gujaf-80	144	36	using	use	VERB
gujaf-80	144	37	panel	panel	NOUN
gujaf-80	144	38	fixed	fix	VERB
gujaf-80	144	39	model	model	NOUN
gujaf-80	144	40	.	.	PUNCT
gujaf-80	145	1	the	the	DET
gujaf-80	145	2	findings	finding	NOUN
gujaf-80	145	3	reveal	reveal	VERB
gujaf-80	145	4	that	that	SCONJ
gujaf-80	145	5	foreign	foreign	ADJ
gujaf-80	145	6	exchange	exchange	NOUN
gujaf-80	145	7	reserve	reserve	NOUN
gujaf-80	145	8	has	have	VERB
gujaf-80	145	9	significant	significant	ADJ
gujaf-80	145	10	negative	negative	ADJ
gujaf-80	145	11	effect	effect	NOUN
gujaf-80	145	12	on	on	ADP
gujaf-80	145	13	unemployment	unemployment	NOUN
gujaf-80	145	14	and	and	CCONJ
gujaf-80	145	15	inflation	inflation	NOUN
gujaf-80	145	16	.	.	PUNCT
gujaf-80	146	1	estimation	estimation	NOUN
gujaf-80	146	2	results	result	NOUN
gujaf-80	146	3	revealed	reveal	VERB
gujaf-80	146	4	that	that	SCONJ
gujaf-80	146	5	foreign	foreign	ADJ
gujaf-80	146	6	exchange	exchange	NOUN
gujaf-80	146	7	reserve	reserve	NOUN
gujaf-80	146	8	has	have	VERB
gujaf-80	146	9	a	a	DET
gujaf-80	146	10	positive	positive	ADJ
gujaf-80	146	11	effect	effect	NOUN
gujaf-80	146	12	on	on	ADP
gujaf-80	146	13	export	export	NOUN
gujaf-80	146	14	and	and	CCONJ
gujaf-80	146	15	gross	gross	ADJ
gujaf-80	146	16	domestic	domestic	ADJ
gujaf-80	146	17	product	product	NOUN
gujaf-80	146	18	.	.	PUNCT
gujaf-80	147	1	in	in	ADP
gujaf-80	147	2	the	the	DET
gujaf-80	147	3	light	light	NOUN
gujaf-80	147	4	of	of	ADP
gujaf-80	147	5	these	these	DET
gujaf-80	147	6	findings	finding	NOUN
gujaf-80	147	7	,	,	PUNCT
gujaf-80	147	8	it	it	PRON
gujaf-80	147	9	is	be	AUX
gujaf-80	147	10	therefore	therefore	ADV
gujaf-80	147	11	concluded	conclude	VERB
gujaf-80	147	12	that	that	SCONJ
gujaf-80	147	13	the	the	DET
gujaf-80	147	14	accumulation	accumulation	NOUN
gujaf-80	147	15	of	of	ADP
gujaf-80	147	16	foreign	foreign	ADJ
gujaf-80	147	17	exchange	exchange	NOUN
gujaf-80	147	18	reserve	reserve	NOUN
gujaf-80	147	19	has	have	AUX
gujaf-80	147	20	positively	positively	ADV
gujaf-80	147	21	improve	improve	VERB
gujaf-80	147	22	the	the	DET
gujaf-80	147	23	terms	term	NOUN
gujaf-80	147	24	of	of	ADP
gujaf-80	147	25	trade	trade	NOUN
gujaf-80	147	26	of	of	ADP
gujaf-80	147	27	subsaharan	subsaharan	ADJ
gujaf-80	147	28	countries	country	NOUN
gujaf-80	147	29	by	by	ADP
gujaf-80	147	30	increasing	increase	VERB
gujaf-80	147	31	their	their	PRON
gujaf-80	147	32	export	export	NOUN
gujaf-80	147	33	opportunities	opportunity	NOUN
gujaf-80	147	34	,	,	PUNCT
gujaf-80	147	35	supporting	support	VERB
gujaf-80	147	36	the	the	DET
gujaf-80	147	37	earlier	early	ADJ
gujaf-80	147	38	statement	statement	NOUN
gujaf-80	147	39	put	put	VERB
gujaf-80	147	40	forward	forward	ADV
gujaf-80	147	41	by	by	ADP
gujaf-80	147	42	(	(	PUNCT
gujaf-80	147	43	elhiraika	elhiraika	NOUN
gujaf-80	147	44	and	and	CCONJ
gujaf-80	147	45	ndikumana	ndikumana	PROPN
gujaf-80	147	46	,	,	PUNCT
gujaf-80	147	47	2007	2007	NUM
gujaf-80	147	48	)	)	PUNCT
gujaf-80	147	49	and	and	CCONJ
gujaf-80	147	50	existing	exist	VERB
gujaf-80	147	51	literature	literature	NOUN
gujaf-80	147	52	about	about	ADP
gujaf-80	147	53	the	the	DET
gujaf-80	147	54	relevance	relevance	NOUN
gujaf-80	147	55	of	of	ADP
gujaf-80	147	56	fer	fer	PROPN
gujaf-80	147	57	as	as	ADP
gujaf-80	147	58	a	a	DET
gujaf-80	147	59	stabilization	stabilization	NOUN
gujaf-80	147	60	instrument	instrument	NOUN
gujaf-80	147	61	used	use	VERB
gujaf-80	147	62	to	to	PART
gujaf-80	147	63	improve	improve	VERB
gujaf-80	147	64	the	the	DET
gujaf-80	147	65	terms	term	NOUN
gujaf-80	147	66	of	of	ADP
gujaf-80	147	67	trade	trade	NOUN
gujaf-80	147	68	of	of	ADP
gujaf-80	147	69	nations	nation	NOUN
gujaf-80	147	70	and	and	CCONJ
gujaf-80	147	71	to	to	PART
gujaf-80	147	72	ensure	ensure	VERB
gujaf-80	147	73	adequate	adequate	ADJ
gujaf-80	147	74	participation	participation	NOUN
gujaf-80	147	75	in	in	ADP
gujaf-80	147	76	international	international	ADJ
gujaf-80	147	77	trade	trade	NOUN
gujaf-80	147	78	.	.	PUNCT
gujaf-80	148	1	drawing	draw	VERB
gujaf-80	148	2	from	from	ADP
gujaf-80	148	3	the	the	DET
gujaf-80	148	4	findings	finding	NOUN
gujaf-80	148	5	of	of	ADP
gujaf-80	148	6	this	this	DET
gujaf-80	148	7	study	study	NOUN
gujaf-80	148	8	,	,	PUNCT
gujaf-80	148	9	the	the	DET
gujaf-80	148	10	following	follow	VERB
gujaf-80	148	11	policy	policy	NOUN
gujaf-80	148	12	recommendations	recommendation	NOUN
gujaf-80	148	13	should	should	AUX
gujaf-80	148	14	be	be	AUX
gujaf-80	148	15	considered	consider	VERB
gujaf-80	148	16	.	.	PUNCT
gujaf-80	149	1	sub	sub	ADJ
gujaf-80	149	2	-	-	ADJ
gujaf-80	149	3	saharan	saharan	ADJ
gujaf-80	149	4	african	african	ADJ
gujaf-80	149	5	countries	country	NOUN
gujaf-80	149	6	should	should	AUX
gujaf-80	149	7	remove	remove	VERB
gujaf-80	149	8	unfavorable	unfavorable	ADJ
gujaf-80	149	9	trade	trade	NOUN
gujaf-80	149	10	restrictions	restriction	NOUN
gujaf-80	149	11	and	and	CCONJ
gujaf-80	149	12	improve	improve	VERB
gujaf-80	149	13	trade	trade	NOUN
gujaf-80	149	14	openness	openness	NOUN
gujaf-80	149	15	with	with	ADP
gujaf-80	149	16	the	the	DET
gujaf-80	149	17	key	key	ADJ
gujaf-80	149	18	focus	focus	NOUN
gujaf-80	149	19	on	on	ADP
gujaf-80	149	20	exports	export	NOUN
gujaf-80	149	21	for	for	ADP
gujaf-80	149	22	the	the	DET
gujaf-80	149	23	purpose	purpose	NOUN
gujaf-80	149	24	of	of	ADP
gujaf-80	149	25	attracting	attract	VERB
gujaf-80	149	26	foreign	foreign	ADJ
gujaf-80	149	27	direct	direct	ADJ
gujaf-80	149	28	investment	investment	NOUN
gujaf-80	149	29	into	into	ADP
gujaf-80	149	30	the	the	DET
gujaf-80	149	31	country	country	NOUN
gujaf-80	149	32	to	to	PART
gujaf-80	149	33	improve	improve	VERB
gujaf-80	149	34	the	the	DET
gujaf-80	149	35	level	level	NOUN
gujaf-80	149	36	of	of	ADP
gujaf-80	149	37	foreign	foreign	ADJ
gujaf-80	149	38	exchange	exchange	NOUN
gujaf-80	149	39	reserve	reserve	NOUN
gujaf-80	149	40	.	.	PUNCT
gujaf-80	150	1	as	as	SCONJ
gujaf-80	150	2	identified	identify	VERB
gujaf-80	150	3	in	in	ADP
gujaf-80	150	4	the	the	DET
gujaf-80	150	5	literature	literature	NOUN
gujaf-80	150	6	,	,	PUNCT
gujaf-80	150	7	fer	fer	PROPN
gujaf-80	150	8	are	be	AUX
gujaf-80	150	9	kept	keep	VERB
gujaf-80	150	10	as	as	ADP
gujaf-80	150	11	buffer	buffer	NOUN
gujaf-80	150	12	stocks	stock	NOUN
gujaf-80	150	13	against	against	ADP
gujaf-80	150	14	inflationary	inflationary	ADJ
gujaf-80	150	15	tendencies	tendency	NOUN
gujaf-80	150	16	which	which	PRON
gujaf-80	150	17	our	our	PRON
gujaf-80	150	18	result	result	NOUN
gujaf-80	150	19	has	have	AUX
gujaf-80	150	20	disprove	disprove	VERB
gujaf-80	150	21	,	,	PUNCT
gujaf-80	150	22	therefore	therefore	ADV
gujaf-80	150	23	,	,	PUNCT
gujaf-80	150	24	policy	policy	NOUN
gujaf-80	150	25	makers	maker	NOUN
gujaf-80	150	26	and	and	CCONJ
gujaf-80	150	27	government	government	NOUN
gujaf-80	150	28	monetary	monetary	ADJ
gujaf-80	150	29	bodies	body	NOUN
gujaf-80	150	30	should	should	AUX
gujaf-80	150	31	introduce	introduce	VERB
gujaf-80	150	32	and	and	CCONJ
gujaf-80	150	33	adopt	adopt	VERB
gujaf-80	150	34	contractionary	contractionary	ADJ
gujaf-80	150	35	monetary	monetary	ADJ
gujaf-80	150	36	policies	policy	NOUN
gujaf-80	150	37	in	in	ADP
gujaf-80	150	38	the	the	DET
gujaf-80	150	39	short	short	ADJ
gujaf-80	150	40	-	-	PUNCT
gujaf-80	150	41	run	run	NOUN
gujaf-80	150	42	which	which	PRON
gujaf-80	150	43	will	will	AUX
gujaf-80	150	44	trim	trim	VERB
gujaf-80	150	45	down	down	ADP
gujaf-80	150	46	the	the	DET
gujaf-80	150	47	availability	availability	NOUN
gujaf-80	150	48	of	of	ADP
gujaf-80	150	49	spendable	spendable	ADJ
gujaf-80	150	50	idle	idle	ADJ
gujaf-80	150	51	money	money	NOUN
gujaf-80	150	52	to	to	PART
gujaf-80	150	53	decrease	decrease	VERB
gujaf-80	150	54	inflation	inflation	NOUN
gujaf-80	150	55	and	and	CCONJ
gujaf-80	150	56	subsequently	subsequently	ADV
gujaf-80	150	57	,	,	PUNCT
gujaf-80	150	58	reinvest	reinvest	VERB
gujaf-80	150	59	the	the	DET
gujaf-80	150	60	excess	excess	ADJ
gujaf-80	150	61	fer	fer	NOUN
gujaf-80	150	62	in	in	ADP
gujaf-80	150	63	the	the	DET
gujaf-80	150	64	natural	natural	ADJ
gujaf-80	150	65	resources	resource	NOUN
gujaf-80	150	66	in	in	ADP
gujaf-80	150	67	which	which	PRON
gujaf-80	150	68	it	it	PRON
gujaf-80	150	69	has	have	VERB
gujaf-80	150	70	relative	relative	ADJ
gujaf-80	150	71	comparative	comparative	ADJ
gujaf-80	150	72	advantages	advantage	NOUN
gujaf-80	150	73	over	over	ADP
gujaf-80	150	74	other	other	ADJ
gujaf-80	150	75	countries	country	NOUN
gujaf-80	150	76	,	,	PUNCT
gujaf-80	150	77	this	this	PRON
gujaf-80	150	78	will	will	AUX
gujaf-80	150	79	inadvertently	inadvertently	ADV
gujaf-80	150	80	solve	solve	VERB
gujaf-80	150	81	two	two	NUM
gujaf-80	150	82	problems	problem	NOUN
gujaf-80	150	83	.	.	PUNCT
gujaf-80	151	1	first	first	ADV
gujaf-80	151	2	,	,	PUNCT
gujaf-80	151	3	provide	provide	VERB
gujaf-80	151	4	employment	employment	NOUN
gujaf-80	151	5	by	by	ADP
gujaf-80	151	6	stimulating	stimulate	VERB
gujaf-80	151	7	productivity	productivity	NOUN
gujaf-80	151	8	and	and	CCONJ
gujaf-80	151	9	utilization	utilization	NOUN
gujaf-80	151	10	of	of	ADP
gujaf-80	151	11	the	the	DET
gujaf-80	151	12	factors	factor	NOUN
gujaf-80	151	13	of	of	ADP
gujaf-80	151	14	production	production	NOUN
gujaf-80	151	15	for	for	ADP
gujaf-80	151	16	export	export	NOUN
gujaf-80	151	17	and	and	CCONJ
gujaf-80	151	18	local	local	ADJ
gujaf-80	151	19	consumption	consumption	NOUN
gujaf-80	151	20	,	,	PUNCT
gujaf-80	151	21	subsequently	subsequently	ADV
gujaf-80	151	22	creating	create	VERB
gujaf-80	151	23	opportunities	opportunity	NOUN
gujaf-80	151	24	for	for	SCONJ
gujaf-80	151	25	people	people	NOUN
gujaf-80	151	26	to	to	PART
gujaf-80	151	27	assess	assess	VERB
gujaf-80	151	28	gainful	gainful	ADJ
gujaf-80	151	29	employment	employment	NOUN
gujaf-80	151	30	,	,	PUNCT
gujaf-80	151	31	second	second	ADJ
gujaf-80	151	32	;	;	PUNCT
gujaf-80	151	33	boosting	boost	VERB
gujaf-80	151	34	agricultural	agricultural	ADJ
gujaf-80	151	35	production	production	NOUN
gujaf-80	151	36	and	and	CCONJ
gujaf-80	151	37	availability	availability	NOUN
gujaf-80	151	38	of	of	ADP
gujaf-80	151	39	commodities	commodity	NOUN
gujaf-80	151	40	,	,	PUNCT
gujaf-80	151	41	this	this	DET
gujaf-80	151	42	gesture	gesture	NOUN
gujaf-80	151	43	has	have	VERB
gujaf-80	151	44	the	the	DET
gujaf-80	151	45	advantage	advantage	NOUN
gujaf-80	151	46	of	of	ADP
gujaf-80	151	47	stabilizing	stabilize	VERB
gujaf-80	151	48	the	the	DET
gujaf-80	151	49	prices	price	NOUN
gujaf-80	151	50	of	of	ADP
gujaf-80	151	51	goods	good	NOUN
gujaf-80	151	52	and	and	CCONJ
gujaf-80	151	53	services	service	NOUN
gujaf-80	151	54	in	in	ADP
gujaf-80	151	55	these	these	DET
gujaf-80	151	56	economies	economy	NOUN
gujaf-80	151	57	by	by	ADP
gujaf-80	151	58	reducing	reduce	VERB
gujaf-80	151	59	the	the	DET
gujaf-80	151	60	scarcity	scarcity	NOUN
gujaf-80	151	61	of	of	ADP
gujaf-80	151	62	consumables	consumable	NOUN
gujaf-80	151	63	,	,	PUNCT
gujaf-80	151	64	consequently	consequently	ADV
gujaf-80	151	65	plummeting	plummet	VERB
gujaf-80	151	66	the	the	DET
gujaf-80	151	67	prices	price	NOUN
gujaf-80	151	68	of	of	ADP
gujaf-80	151	69	goods	good	NOUN
gujaf-80	151	70	and	and	CCONJ
gujaf-80	151	71	services	service	NOUN
gujaf-80	151	72	and	and	CCONJ
gujaf-80	151	73	increasing	increase	VERB
gujaf-80	151	74	the	the	DET
gujaf-80	151	75	overall	overall	ADJ
gujaf-80	151	76	gdp	gdp	NOUN
gujaf-80	151	77	of	of	ADP
gujaf-80	151	78	sub	sub	ADJ
gujaf-80	151	79	-	-	ADJ
gujaf-80	151	80	saharan	saharan	ADJ
gujaf-80	151	81	countries	country	NOUN
gujaf-80	151	82	.	.	PUNCT
gujaf-80	152	1	therefore	therefore	ADV
gujaf-80	152	2	,	,	PUNCT
gujaf-80	152	3	governments	government	NOUN
gujaf-80	152	4	are	be	AUX
gujaf-80	152	5	advised	advise	VERB
gujaf-80	152	6	to	to	PART
gujaf-80	152	7	plough	plough	VERB
gujaf-80	152	8	back	back	ADV
gujaf-80	152	9	part	part	NOUN
gujaf-80	152	10	of	of	ADP
gujaf-80	152	11	these	these	DET
gujaf-80	152	12	fer	fer	NOUN
gujaf-80	152	13	into	into	ADP
gujaf-80	152	14	their	their	PRON
gujaf-80	152	15	economies	economy	NOUN
gujaf-80	152	16	,	,	PUNCT
gujaf-80	152	17	by	by	ADP
gujaf-80	152	18	spending	spend	VERB
gujaf-80	152	19	on	on	ADP
gujaf-80	152	20	public	public	ADJ
gujaf-80	152	21	works	work	NOUN
gujaf-80	152	22	,	,	PUNCT
gujaf-80	152	23	cut	cut	VERB
gujaf-80	152	24	back	back	ADP
gujaf-80	152	25	interest	interest	NOUN
gujaf-80	152	26	rates	rate	NOUN
gujaf-80	152	27	and	and	CCONJ
gujaf-80	152	28	spend	spend	VERB
gujaf-80	152	29	more	more	ADJ
gujaf-80	152	30	on	on	ADP
gujaf-80	152	31	welfare	welfare	NOUN
gujaf-80	152	32	packages	package	NOUN
gujaf-80	152	33	,	,	PUNCT
gujaf-80	152	34	the	the	DET
gujaf-80	152	35	multiplier	multipli	ADJ
gujaf-80	152	36	effect	effect	NOUN
gujaf-80	152	37	of	of	ADP
gujaf-80	152	38	these	these	DET
gujaf-80	152	39	policies	policy	NOUN
gujaf-80	152	40	will	will	AUX
gujaf-80	152	41	be	be	AUX
gujaf-80	152	42	associated	associate	VERB
gujaf-80	152	43	with	with	ADP
gujaf-80	152	44	increased	increase	VERB
gujaf-80	152	45	employment	employment	NOUN
gujaf-80	152	46	and	and	CCONJ
gujaf-80	152	47	better	well	ADJ
gujaf-80	152	48	economic	economic	ADJ
gujaf-80	152	49	performance	performance	NOUN
gujaf-80	152	50	.	.	PUNCT
gujaf-80	153	1	references	reference	NOUN
gujaf-80	153	2	abdullateef	abdullateef	ADJ
gujaf-80	153	3	,	,	PUNCT
gujaf-80	153	4	u.	u.	PROPN
gujaf-80	153	5	&	&	CCONJ
gujaf-80	153	6	waheed	waheed	PROPN
gujaf-80	153	7	,	,	PUNCT
gujaf-80	153	8	i.	i.	PROPN
gujaf-80	153	9	(	(	PUNCT
gujaf-80	153	10	2010	2010	NUM
gujaf-80	153	11	)	)	PUNCT
gujaf-80	153	12	.	.	PUNCT
gujaf-80	154	1	external	external	PROPN
gujaf-80	154	2	reserve	reserve	PROPN
gujaf-80	154	3	holdings	holding	NOUN
gujaf-80	154	4	in	in	ADP
gujaf-80	154	5	nigeria	nigeria	PROPN
gujaf-80	154	6	:	:	PUNCT
gujaf-80	154	7	implications	implication	NOUN
gujaf-80	154	8	for	for	ADP
gujaf-80	154	9	investment	investment	NOUN
gujaf-80	154	10	,	,	PUNCT
gujaf-80	154	11	inflation	inflation	NOUN
gujaf-80	154	12	and	and	CCONJ
gujaf-80	154	13	exchange	exchange	NOUN
gujaf-80	154	14	rate	rate	NOUN
gujaf-80	154	15	.	.	PUNCT
gujaf-80	155	1	journal	journal	PROPN
gujaf-80	155	2	of	of	ADP
gujaf-80	155	3	economics	economic	NOUN
gujaf-80	155	4	and	and	CCONJ
gujaf-80	155	5	international	international	ADJ
gujaf-80	155	6	finance	finance	NOUN
gujaf-80	155	7	.	.	PUNCT
gujaf-80	156	1	2(9	2(9	NUM
gujaf-80	156	2	)	)	PUNCT
gujaf-80	156	3	,	,	PUNCT
gujaf-80	156	4	183	183	NUM
gujaf-80	156	5	-	-	SYM
gujaf-80	156	6	189	189	NUM
gujaf-80	156	7	.	.	PUNCT
gujaf-80	156	8	aizenman	aizenman	NOUN
gujaf-80	156	9	,	,	PUNCT
gujaf-80	156	10	j.	j.	PROPN
gujaf-80	156	11	&	&	CCONJ
gujaf-80	156	12	lee	lee	PROPN
gujaf-80	156	13	,	,	PUNCT
gujaf-80	156	14	j.	j.	PROPN
gujaf-80	156	15	(	(	PUNCT
gujaf-80	156	16	2005	2005	NUM
gujaf-80	156	17	)	)	PUNCT
gujaf-80	156	18	.	.	PUNCT
gujaf-80	157	1	international	international	ADJ
gujaf-80	157	2	reserves	reserve	NOUN
gujaf-80	157	3	:	:	PUNCT
gujaf-80	157	4	precautionary	precautionary	ADJ
gujaf-80	157	5	versus	versus	ADP
gujaf-80	157	6	mercantilist	mercantilist	ADJ
gujaf-80	157	7	views	view	NOUN
gujaf-80	157	8	,	,	PUNCT
gujaf-80	157	9	theory	theory	NOUN
gujaf-80	157	10	and	and	CCONJ
gujaf-80	157	11	evidence	evidence	NOUN
gujaf-80	157	12	.	.	PUNCT
gujaf-80	158	1	working	work	VERB
gujaf-80	158	2	paper	paper	NOUN
gujaf-80	158	3	11366	11366	NUM
gujaf-80	158	4	http://www.nber.org/papers/w11366	http://www.nber.org/papers/w11366	PROPN
gujaf-80	158	5	.	.	PUNCT
gujaf-80	158	6	aizenman	aizenman	NOUN
gujaf-80	158	7	,	,	PUNCT
gujaf-80	158	8	j.	j.	PROPN
gujaf-80	158	9	&	&	CCONJ
gujaf-80	158	10	marion	marion	PROPN
gujaf-80	158	11	,	,	PUNCT
gujaf-80	158	12	n.	n.	PROPN
gujaf-80	158	13	(	(	PUNCT
gujaf-80	158	14	2002	2002	NUM
gujaf-80	158	15	)	)	PUNCT
gujaf-80	158	16	.	.	PUNCT
gujaf-80	159	1	the	the	DET
gujaf-80	159	2	high	high	ADJ
gujaf-80	159	3	demand	demand	NOUN
gujaf-80	159	4	for	for	ADP
gujaf-80	159	5	international	international	ADJ
gujaf-80	159	6	reserves	reserve	NOUN
gujaf-80	159	7	in	in	ADP
gujaf-80	159	8	the	the	DET
gujaf-80	159	9	far	far	ADJ
gujaf-80	159	10	east	east	NOUN
gujaf-80	159	11	:	:	PUNCT
gujaf-80	159	12	what	what	PRON
gujaf-80	159	13	’s	’s	AUX
gujaf-80	159	14	going	go	VERB
gujaf-80	159	15	on	on	ADP
gujaf-80	159	16	?	?	PUNCT
gujaf-80	160	1	nber	nber	PROPN
gujaf-80	160	2	working	working	PROPN
gujaf-80	160	3	paper	paper	PROPN
gujaf-80	160	4	no	no	INTJ
gujaf-80	160	5	.	.	PROPN
gujaf-80	160	6	9266	9266	NUM
gujaf-80	160	7	jel	jel	PROPN
gujaf-80	160	8	no	no	INTJ
gujaf-80	160	9	.	.	PROPN
gujaf-80	160	10	f31	f31	PROPN
gujaf-80	160	11	,	,	PUNCT
gujaf-80	160	12	f32	f32	NOUN
gujaf-80	160	13	,	,	PUNCT
gujaf-80	160	14	f34	f34	NOUN
gujaf-80	160	15	.	.	PUNCT
gujaf-80	161	1	aizenman	aizenman	NOUN
gujaf-80	161	2	,	,	PUNCT
gujaf-80	161	3	j.	j.	PROPN
gujaf-80	161	4	(	(	PUNCT
gujaf-80	161	5	2006	2006	NUM
gujaf-80	161	6	)	)	PUNCT
gujaf-80	161	7	.	.	PUNCT
gujaf-80	162	1	international	international	ADJ
gujaf-80	162	2	reserves	reserve	NOUN
gujaf-80	162	3	management	management	NOUN
gujaf-80	162	4	and	and	CCONJ
gujaf-80	162	5	the	the	DET
gujaf-80	162	6	current	current	ADJ
gujaf-80	162	7	account	account	NOUN
gujaf-80	162	8	.	.	PUNCT
gujaf-80	163	1	working	work	VERB
gujaf-80	163	2	paper	paper	NOUN
gujaf-80	163	3	12734	12734	NUM
gujaf-80	163	4	http://www.nber.org/papers/w12734	http://www.nber.org/papers/w12734	PRON
gujaf-80	163	5	aizenman	aizenman	NOUN
gujaf-80	163	6	,	,	PUNCT
gujaf-80	163	7	j.	j.	PROPN
gujaf-80	163	8	,	,	PUNCT
gujaf-80	163	9	cheung	cheung	PROPN
gujaf-80	163	10	,	,	PUNCT
gujaf-80	163	11	y.	y.	PROPN
gujaf-80	163	12	&	&	CCONJ
gujaf-80	163	13	ito	ito	PROPN
gujaf-80	163	14	,	,	PUNCT
gujaf-80	163	15	i.	i.	PROPN
gujaf-80	163	16	(	(	PUNCT
gujaf-80	163	17	2014	2014	NUM
gujaf-80	163	18	)	)	PUNCT
gujaf-80	163	19	.	.	PUNCT
gujaf-80	164	1	international	international	ADJ
gujaf-80	164	2	reserves	reserve	NOUN
gujaf-80	164	3	before	before	ADP
gujaf-80	164	4	and	and	CCONJ
gujaf-80	164	5	after	after	ADP
gujaf-80	164	6	the	the	DET
gujaf-80	164	7	global	global	ADJ
gujaf-80	164	8	crisis	crisis	NOUN
gujaf-80	164	9	:	:	PUNCT
gujaf-80	164	10	is	be	AUX
gujaf-80	164	11	there	there	PRON
gujaf-80	164	12	no	no	DET
gujaf-80	164	13	end	end	NOUN
gujaf-80	164	14	to	to	ADP
gujaf-80	164	15	hoarding	hoarding	NOUN
gujaf-80	164	16	?	?	PUNCT
gujaf-80	165	1	working	work	VERB
gujaf-80	165	2	paper	paper	NOUN
gujaf-80	165	3	20386	20386	NUM
gujaf-80	165	4	http://www.nber.org/papers/w20386	http://www.nber.org/papers/w20386	X
gujaf-80	165	5	allegret	allegret	ADJ
gujaf-80	165	6	,	,	PUNCT
gujaf-80	165	7	j.	j.	PROPN
gujaf-80	165	8	p.	p.	PROPN
gujaf-80	165	9	,	,	PUNCT
gujaf-80	165	10	&	&	CCONJ
gujaf-80	165	11	allegret	allegret	PROPN
gujaf-80	165	12	,	,	PUNCT
gujaf-80	165	13	a.	a.	NOUN
gujaf-80	165	14	(	(	PUNCT
gujaf-80	165	15	2018	2018	NUM
gujaf-80	165	16	)	)	PUNCT
gujaf-80	165	17	.	.	PUNCT
gujaf-80	166	1	the	the	DET
gujaf-80	166	2	role	role	NOUN
gujaf-80	166	3	of	of	ADP
gujaf-80	166	4	international	international	ADJ
gujaf-80	166	5	reserves	reserve	NOUN
gujaf-80	166	6	holding	hold	VERB
gujaf-80	166	7	in	in	ADP
gujaf-80	166	8	buffering	buffer	VERB
gujaf-80	166	9	external	external	ADJ
gujaf-80	166	10	shocks	shock	NOUN
gujaf-80	166	11	.	.	PUNCT
gujaf-80	167	1	applied	apply	VERB
gujaf-80	167	2	economics	economic	NOUN
gujaf-80	167	3	,	,	PUNCT
gujaf-80	167	4	50(29	50(29	NUM
gujaf-80	167	5	)	)	PUNCT
gujaf-80	167	6	,	,	PUNCT
gujaf-80	167	7	3128	3128	NUM
gujaf-80	167	8	-	-	SYM
gujaf-80	167	9	3147	3147	NUM
gujaf-80	167	10	.	.	PUNCT
gujaf-80	168	1	http://www.nber.org/papers/w11366	http://www.nber.org/papers/w11366	NOUN
gujaf-80	168	2	http://www.nber.org/papers/w12734	http://www.nber.org/papers/w12734	INTJ
gujaf-80	168	3	http://www.nber.org/papers/w20386	http://www.nber.org/papers/w20386	PROPN
gujaf-80	168	4	gusau	gusau	ADJ
gujaf-80	168	5	journal	journal	NOUN
gujaf-80	168	6	of	of	ADP
gujaf-80	168	7	accounting	accounting	NOUN
gujaf-80	168	8	and	and	CCONJ
gujaf-80	168	9	finance	finance	NOUN
gujaf-80	168	10	,	,	PUNCT
gujaf-80	168	11	vol	vol	NOUN
gujaf-80	168	12	.	.	PROPN
gujaf-80	168	13	2	2	NUM
gujaf-80	168	14	,	,	PUNCT
gujaf-80	168	15	issue	issue	NOUN
gujaf-80	168	16	3	3	NUM
gujaf-80	168	17	,	,	PUNCT
gujaf-80	168	18	april	april	PROPN
gujaf-80	168	19	,	,	PUNCT
gujaf-80	168	20	2021	2021	NUM
gujaf-80	168	21	13	13	NUM
gujaf-80	168	22	baltagi	baltagi	NOUN
gujaf-80	168	23	,	,	PUNCT
gujaf-80	168	24	b.	b.	PROPN
gujaf-80	168	25	h.	h.	PROPN
gujaf-80	168	26	(	(	PUNCT
gujaf-80	168	27	2001	2001	NUM
gujaf-80	168	28	)	)	PUNCT
gujaf-80	168	29	.	.	PUNCT
gujaf-80	169	1	econometric	econometric	ADJ
gujaf-80	169	2	analysis	analysis	NOUN
gujaf-80	169	3	of	of	ADP
gujaf-80	169	4	panel	panel	NOUN
gujaf-80	169	5	data	datum	NOUN
gujaf-80	169	6	.	.	PUNCT
gujaf-80	170	1	wiley	wiley	PROPN
gujaf-80	170	2	,	,	PUNCT
gujaf-80	170	3	john	john	PROPN
gujaf-80	170	4	&	&	CCONJ
gujaf-80	170	5	sons	sons	PROPN
gujaf-80	170	6	.	.	PUNCT
gujaf-80	171	1	bianchi	bianchi	PROPN
gujaf-80	171	2	,	,	PUNCT
gujaf-80	171	3	j.	j.	PROPN
gujaf-80	171	4	,	,	PUNCT
gujaf-80	171	5	&	&	CCONJ
gujaf-80	171	6	sosa	sosa	PROPN
gujaf-80	171	7	-	-	PUNCT
gujaf-80	171	8	padilla	padilla	PROPN
gujaf-80	171	9	,	,	PUNCT
gujaf-80	171	10	c.	c.	PROPN
gujaf-80	171	11	(	(	PUNCT
gujaf-80	171	12	2020	2020	NUM
gujaf-80	171	13	)	)	PUNCT
gujaf-80	171	14	.	.	PUNCT
gujaf-80	172	1	reserve	reserve	NOUN
gujaf-80	172	2	accumulation	accumulation	NOUN
gujaf-80	172	3	,	,	PUNCT
gujaf-80	172	4	macroeconomic	macroeconomic	ADJ
gujaf-80	172	5	stabilization	stabilization	NOUN
gujaf-80	172	6	,	,	PUNCT
gujaf-80	172	7	and	and	CCONJ
gujaf-80	172	8	sovereign	sovereign	ADJ
gujaf-80	172	9	risk	risk	NOUN
gujaf-80	172	10	(	(	PUNCT
gujaf-80	172	11	no	no	INTJ
gujaf-80	172	12	.	.	PUNCT
gujaf-80	173	1	w27323	w27323	NUM
gujaf-80	173	2	)	)	PUNCT
gujaf-80	173	3	.	.	PUNCT
gujaf-80	174	1	national	national	PROPN
gujaf-80	174	2	bureau	bureau	PROPN
gujaf-80	174	3	of	of	ADP
gujaf-80	174	4	economic	economic	ADJ
gujaf-80	174	5	research	research	NOUN
gujaf-80	174	6	.	.	PUNCT
gujaf-80	175	1	bianchi	bianchi	PROPN
gujaf-80	175	2	,	,	PUNCT
gujaf-80	175	3	j.	j.	PROPN
gujaf-80	175	4	,	,	PUNCT
gujaf-80	175	5	hatchondo	hatchondo	PROPN
gujaf-80	175	6	,	,	PUNCT
gujaf-80	175	7	j.c	j.c	PROPN
gujaf-80	175	8	.	.	PROPN
gujaf-80	175	9	&	&	CCONJ
gujaf-80	175	10	martinez	martinez	PROPN
gujaf-80	175	11	,	,	PUNCT
gujaf-80	175	12	l.	l.	PROPN
gujaf-80	175	13	(	(	PUNCT
gujaf-80	175	14	2017	2017	NUM
gujaf-80	175	15	)	)	PUNCT
gujaf-80	175	16	.	.	PUNCT
gujaf-80	176	1	international	international	ADJ
gujaf-80	176	2	reserves	reserve	NOUN
gujaf-80	176	3	and	and	CCONJ
gujaf-80	176	4	rollover	rollover	NOUN
gujaf-80	176	5	risk	risk	NOUN
gujaf-80	176	6	.	.	PUNCT
gujaf-80	177	1	nber	nber	PROPN
gujaf-80	177	2	working	working	PROPN
gujaf-80	177	3	paper	paper	PROPN
gujaf-80	177	4	18628	18628	NUM
gujaf-80	177	5	http://www.nber.org/papers/w18628	http://www.nber.org/papers/w18628	PROPN
gujaf-80	177	6	cheung	cheung	PROPN
gujaf-80	177	7	,	,	PUNCT
gujaf-80	177	8	y.	y.	PROPN
gujaf-80	177	9	,	,	PUNCT
gujaf-80	177	10	&	&	CCONJ
gujaf-80	177	11	qian	qian	PROPN
gujaf-80	177	12	,	,	PUNCT
gujaf-80	177	13	x.	x.	NOUN
gujaf-80	177	14	(	(	PUNCT
gujaf-80	177	15	2009	2009	NUM
gujaf-80	177	16	)	)	PUNCT
gujaf-80	177	17	.	.	PUNCT
gujaf-80	178	1	hoarding	hoarding	NOUN
gujaf-80	178	2	of	of	ADP
gujaf-80	178	3	international	international	ADJ
gujaf-80	178	4	reserves	reserve	NOUN
gujaf-80	178	5	:	:	PUNCT
gujaf-80	178	6	mrs	mrs	PROPN
gujaf-80	178	7	.	.	PROPN
gujaf-80	178	8	machlup	machlup	PROPN
gujaf-80	178	9	’s	’s	PART
gujaf-80	178	10	wardrobe	wardrobe	NOUN
gujaf-80	178	11	and	and	CCONJ
gujaf-80	178	12	the	the	DET
gujaf-80	178	13	joneses	jones	NOUN
gujaf-80	178	14	.	.	PUNCT
gujaf-80	179	1	review	review	NOUN
gujaf-80	179	2	of	of	ADP
gujaf-80	179	3	international	international	ADJ
gujaf-80	179	4	economics	economic	NOUN
gujaf-80	179	5	,	,	PUNCT
gujaf-80	179	6	17(4	17(4	NUM
gujaf-80	179	7	)	)	PUNCT
gujaf-80	179	8	,	,	PUNCT
gujaf-80	179	9	824–843	824–843	NUM
gujaf-80	179	10	,	,	PUNCT
gujaf-80	179	11	cheung	cheung	PROPN
gujaf-80	179	12	,	,	PUNCT
gujaf-80	179	13	y.	y.	PROPN
gujaf-80	179	14	,	,	PUNCT
gujaf-80	179	15	qian	qian	PROPN
gujaf-80	179	16	.	.	PUNCT
gujaf-80	180	1	x.	x.	PROPN
gujaf-80	180	2	&	&	CCONJ
gujaf-80	180	3	remolona	remolona	PROPN
gujaf-80	180	4	,	,	PUNCT
gujaf-80	180	5	e.	e.	PROPN
gujaf-80	180	6	(	(	PUNCT
gujaf-80	180	7	2018	2018	NUM
gujaf-80	180	8	)	)	PUNCT
gujaf-80	180	9	.	.	PUNCT
gujaf-80	181	1	the	the	DET
gujaf-80	181	2	hoarding	hoarding	NOUN
gujaf-80	181	3	of	of	ADP
gujaf-80	181	4	international	international	ADJ
gujaf-80	181	5	reserves	reserve	NOUN
gujaf-80	181	6	:	:	PUNCT
gujaf-80	181	7	it	it	PRON
gujaf-80	181	8	’s	’	VERB
gujaf-80	181	9	a	a	DET
gujaf-80	181	10	neighborly	neighborly	ADJ
gujaf-80	181	11	day	day	NOUN
gujaf-80	181	12	in	in	ADP
gujaf-80	181	13	asia	asia	PROPN
gujaf-80	181	14	.	.	PUNCT
gujaf-80	182	1	chinaemerem	chinaemerem	PROPN
gujaf-80	182	2	,	,	PUNCT
gujaf-80	182	3	o.	o.	PROPN
gujaf-80	182	4	c.	c.	PROPN
gujaf-80	182	5	,	,	PUNCT
gujaf-80	182	6	&	&	CCONJ
gujaf-80	182	7	ebiringa	ebiringa	PROPN
gujaf-80	182	8	,	,	PUNCT
gujaf-80	182	9	o.	o.	NOUN
gujaf-80	182	10	t.	t.	PROPN
gujaf-80	182	11	(	(	PUNCT
gujaf-80	182	12	2012	2012	NUM
gujaf-80	182	13	)	)	PUNCT
gujaf-80	182	14	.	.	PUNCT
gujaf-80	183	1	analysis	analysis	NOUN
gujaf-80	183	2	of	of	ADP
gujaf-80	183	3	effect	effect	NOUN
gujaf-80	183	4	of	of	ADP
gujaf-80	183	5	external	external	ADJ
gujaf-80	183	6	reserves	reserve	NOUN
gujaf-80	183	7	management	management	NOUN
gujaf-80	183	8	on	on	ADP
gujaf-80	183	9	macroeconomic	macroeconomic	ADJ
gujaf-80	183	10	stability	stability	NOUN
gujaf-80	183	11	of	of	ADP
gujaf-80	183	12	nigeria	nigeria	PROPN
gujaf-80	183	13	.	.	PUNCT
gujaf-80	184	1	international	international	ADJ
gujaf-80	184	2	journal	journal	PROPN
gujaf-80	184	3	of	of	ADP
gujaf-80	184	4	business	business	NOUN
gujaf-80	184	5	management	management	NOUN
gujaf-80	184	6	and	and	CCONJ
gujaf-80	184	7	economic	economic	ADJ
gujaf-80	184	8	research	research	NOUN
gujaf-80	184	9	,	,	PUNCT
gujaf-80	184	10	3(6	3(6	NUM
gujaf-80	184	11	)	)	PUNCT
gujaf-80	184	12	,	,	PUNCT
gujaf-80	184	13	646	646	NUM
gujaf-80	184	14	-	-	SYM
gujaf-80	184	15	654	654	NUM
gujaf-80	184	16	.	.	PUNCT
gujaf-80	185	1	drukker	drukker	PROPN
gujaf-80	185	2	,	,	PUNCT
gujaf-80	185	3	d.	d.	PROPN
gujaf-80	185	4	m.	m.	PROPN
gujaf-80	185	5	(	(	PUNCT
gujaf-80	185	6	2003).testing	2003).teste	VERB
gujaf-80	185	7	for	for	ADP
gujaf-80	185	8	serial	serial	ADJ
gujaf-80	185	9	correlation	correlation	NOUN
gujaf-80	185	10	in	in	ADP
gujaf-80	185	11	linear	linear	PROPN
gujaf-80	185	12	panel	panel	NOUN
gujaf-80	185	13	-	-	PUNCT
gujaf-80	185	14	data	datum	NOUN
gujaf-80	185	15	models	model	NOUN
gujaf-80	185	16	.	.	PUNCT
gujaf-80	186	1	stata	stata	PROPN
gujaf-80	186	2	journal.3	journal.3	PROPN
gujaf-80	186	3	:	:	PUNCT
gujaf-80	187	1	168–177	168–177	NUM
gujaf-80	187	2	.	.	PUNCT
gujaf-80	187	3	durdu	durdu	PROPN
gujaf-80	187	4	,	,	PUNCT
gujaf-80	187	5	c.	c.	PROPN
gujaf-80	187	6	b.	b.	PROPN
gujaf-80	187	7	,	,	PUNCT
gujaf-80	187	8	mendoza	mendoza	PROPN
gujaf-80	187	9	,	,	PUNCT
gujaf-80	187	10	e.	e.	PROPN
gujaf-80	187	11	g.	g.	PROPN
gujaf-80	187	12	,	,	PUNCT
gujaf-80	187	13	&	&	CCONJ
gujaf-80	187	14	terrones	terrone	NOUN
gujaf-80	187	15	,	,	PUNCT
gujaf-80	187	16	m.	m.	PROPN
gujaf-80	187	17	e.	e.	PROPN
gujaf-80	187	18	(	(	PUNCT
gujaf-80	187	19	2009	2009	NUM
gujaf-80	187	20	)	)	PUNCT
gujaf-80	187	21	.	.	PUNCT
gujaf-80	188	1	precautionary	precautionary	ADJ
gujaf-80	188	2	demand	demand	NOUN
gujaf-80	188	3	for	for	ADP
gujaf-80	188	4	foreign	foreign	ADJ
gujaf-80	188	5	assets	asset	NOUN
gujaf-80	188	6	in	in	ADP
gujaf-80	188	7	sudden	sudden	ADJ
gujaf-80	188	8	stop	stop	NOUN
gujaf-80	188	9	economies	economy	NOUN
gujaf-80	188	10	:	:	PUNCT
gujaf-80	188	11	an	an	DET
gujaf-80	188	12	assessment	assessment	NOUN
gujaf-80	188	13	of	of	ADP
gujaf-80	188	14	the	the	DET
gujaf-80	188	15	new	new	ADJ
gujaf-80	188	16	mercantilism	mercantilism	NOUN
gujaf-80	188	17	.	.	PUNCT
gujaf-80	189	1	journal	journal	PROPN
gujaf-80	189	2	of	of	ADP
gujaf-80	189	3	development	development	NOUN
gujaf-80	189	4	economics	economic	NOUN
gujaf-80	189	5	,	,	PUNCT
gujaf-80	189	6	89(2	89(2	NOUN
gujaf-80	189	7	)	)	PUNCT
gujaf-80	189	8	,	,	PUNCT
gujaf-80	189	9	194	194	NUM
gujaf-80	189	10	-	-	SYM
gujaf-80	189	11	209	209	NUM
gujaf-80	189	12	.	.	PUNCT
gujaf-80	190	1	soto	soto	PROPN
gujaf-80	190	2	,	,	PUNCT
gujaf-80	190	3	c.	c.	PROPN
gujaf-80	190	4	,	,	PUNCT
gujaf-80	190	5	&	&	CCONJ
gujaf-80	190	6	garcía	garcía	ADJ
gujaf-80	190	7	,	,	PUNCT
gujaf-80	190	8	p.	p.	NOUN
gujaf-80	190	9	(	(	PUNCT
gujaf-80	190	10	2004	2004	NUM
gujaf-80	190	11	)	)	PUNCT
gujaf-80	190	12	.	.	PUNCT
gujaf-80	191	1	large	large	ADJ
gujaf-80	191	2	hoardings	hoarding	NOUN
gujaf-80	191	3	of	of	ADP
gujaf-80	191	4	international	international	ADJ
gujaf-80	191	5	reserves	reserve	NOUN
gujaf-80	191	6	:	:	PUNCT
gujaf-80	191	7	are	be	AUX
gujaf-80	191	8	they	they	PRON
gujaf-80	191	9	worth	worth	ADJ
gujaf-80	191	10	it	it	PRON
gujaf-80	191	11	?	?	PUNCT
gujaf-80	191	12	.	.	PUNCT
gujaf-80	192	1	documentos	documentos	PROPN
gujaf-80	192	2	de	de	PROPN
gujaf-80	192	3	trabajo	trabajo	PROPN
gujaf-80	192	4	(	(	PUNCT
gujaf-80	192	5	banco	banco	PROPN
gujaf-80	192	6	central	central	PROPN
gujaf-80	192	7	de	de	X
gujaf-80	192	8	chile	chile	PROPN
gujaf-80	192	9	)	)	PUNCT
gujaf-80	192	10	,	,	PUNCT
gujaf-80	192	11	(	(	PUNCT
gujaf-80	192	12	299	299	NUM
gujaf-80	192	13	)	)	PUNCT
gujaf-80	192	14	,	,	PUNCT
gujaf-80	192	15	1	1	X
gujaf-80	192	16	.	.	X
gujaf-80	192	17	gopalakrishnan	gopalakrishnan	PROPN
gujaf-80	192	18	,	,	PUNCT
gujaf-80	192	19	b.	b.	PROPN
gujaf-80	192	20	,	,	PUNCT
gujaf-80	192	21	&	&	CCONJ
gujaf-80	192	22	mohapatra	mohapatra	PROPN
gujaf-80	192	23	,	,	PUNCT
gujaf-80	192	24	s.	s.	PROPN
gujaf-80	192	25	(	(	PUNCT
gujaf-80	192	26	2018	2018	NUM
gujaf-80	192	27	)	)	PUNCT
gujaf-80	192	28	.	.	PUNCT
gujaf-80	193	1	global	global	ADJ
gujaf-80	193	2	risk	risk	NOUN
gujaf-80	193	3	and	and	CCONJ
gujaf-80	193	4	demand	demand	NOUN
gujaf-80	193	5	for	for	ADP
gujaf-80	193	6	gold	gold	NOUN
gujaf-80	193	7	by	by	ADP
gujaf-80	193	8	central	central	ADJ
gujaf-80	193	9	banks	bank	NOUN
gujaf-80	193	10	.	.	PUNCT
gujaf-80	194	1	applied	apply	VERB
gujaf-80	194	2	economics	economic	NOUN
gujaf-80	194	3	letters	letter	NOUN
gujaf-80	194	4	,	,	PUNCT
gujaf-80	194	5	25(12	25(12	NUM
gujaf-80	194	6	)	)	PUNCT
gujaf-80	194	7	,	,	PUNCT
gujaf-80	194	8	835	835	NUM
gujaf-80	194	9	-	-	SYM
gujaf-80	194	10	839	839	NUM
gujaf-80	194	11	.	.	PUNCT
gujaf-80	195	1	jeanne	jeanne	PROPN
gujaf-80	195	2	,	,	PUNCT
gujaf-80	195	3	o.	o.	PROPN
gujaf-80	195	4	,	,	PUNCT
gujaf-80	195	5	&	&	CCONJ
gujaf-80	195	6	ranciere	ranciere	PROPN
gujaf-80	195	7	,	,	PUNCT
gujaf-80	195	8	r.	r.	PROPN
gujaf-80	195	9	(	(	PUNCT
gujaf-80	195	10	2011	2011	NUM
gujaf-80	195	11	)	)	PUNCT
gujaf-80	195	12	.	.	PUNCT
gujaf-80	196	1	the	the	DET
gujaf-80	196	2	optimal	optimal	ADJ
gujaf-80	196	3	level	level	NOUN
gujaf-80	196	4	of	of	ADP
gujaf-80	196	5	international	international	ADJ
gujaf-80	196	6	reserves	reserve	NOUN
gujaf-80	196	7	for	for	ADP
gujaf-80	196	8	emerging	emerge	VERB
gujaf-80	196	9	market	market	NOUN
gujaf-80	196	10	countries	country	NOUN
gujaf-80	196	11	:	:	PUNCT
gujaf-80	196	12	a	a	DET
gujaf-80	196	13	new	new	ADJ
gujaf-80	196	14	formula	formula	NOUN
gujaf-80	196	15	and	and	CCONJ
gujaf-80	196	16	some	some	DET
gujaf-80	196	17	applications	application	NOUN
gujaf-80	196	18	.	.	PUNCT
gujaf-80	197	1	the	the	DET
gujaf-80	197	2	economic	economic	ADJ
gujaf-80	197	3	journal	journal	NOUN
gujaf-80	197	4	,	,	PUNCT
gujaf-80	197	5	121(555	121(555	NUM
gujaf-80	197	6	)	)	PUNCT
gujaf-80	197	7	,	,	PUNCT
gujaf-80	197	8	905	905	NUM
gujaf-80	197	9	-	-	SYM
gujaf-80	197	10	930	930	NUM
gujaf-80	197	11	.	.	PUNCT
gujaf-80	198	1	jeanne	jeanne	PROPN
gujaf-80	198	2	,	,	PUNCT
gujaf-80	198	3	o.	o.	PROPN
gujaf-80	198	4	,	,	PUNCT
gujaf-80	198	5	aizenman	aizenman	NOUN
gujaf-80	198	6	,	,	PUNCT
gujaf-80	198	7	j.	j.	PROPN
gujaf-80	198	8	&	&	CCONJ
gujaf-80	198	9	summers	summers	PROPN
gujaf-80	198	10	,	,	PUNCT
gujaf-80	198	11	l.h	l.h	PROPN
gujaf-80	198	12	.	.	PROPN
gujaf-80	198	13	(	(	PUNCT
gujaf-80	198	14	2007	2007	NUM
gujaf-80	198	15	)	)	PUNCT
gujaf-80	198	16	.	.	PUNCT
gujaf-80	199	1	international	international	ADJ
gujaf-80	199	2	reserves	reserve	NOUN
gujaf-80	199	3	in	in	ADP
gujaf-80	199	4	emerging	emerge	VERB
gujaf-80	199	5	market	market	NOUN
gujaf-80	199	6	countries	country	NOUN
gujaf-80	199	7	:	:	PUNCT
gujaf-80	199	8	too	too	ADV
gujaf-80	199	9	much	much	ADJ
gujaf-80	199	10	of	of	ADP
gujaf-80	199	11	a	a	DET
gujaf-80	199	12	good	good	ADJ
gujaf-80	199	13	thing	thing	NOUN
gujaf-80	199	14	?	?	PUNCT
gujaf-80	200	1	brookings	brookings	PROPN
gujaf-80	200	2	papers	paper	NOUN
gujaf-80	200	3	on	on	ADP
gujaf-80	200	4	economic	economic	ADJ
gujaf-80	200	5	activity	activity	NOUN
gujaf-80	200	6	,	,	PUNCT
gujaf-80	200	7	1:2007	1:2007	NUM
gujaf-80	200	8	kalu	kalu	PROPN
gujaf-80	200	9	,	,	PUNCT
gujaf-80	200	10	e.u	e.u	PROPN
gujaf-80	200	11	.	.	PROPN
gujaf-80	200	12	,	,	PUNCT
gujaf-80	200	13	ugwu	ugwu	ADJ
gujaf-80	200	14	,	,	PUNCT
gujaf-80	200	15	o.e	o.e	PROPN
gujaf-80	200	16	.	.	PROPN
gujaf-80	200	17	,	,	PUNCT
gujaf-80	200	18	ndubuaku	ndubuaku	PROPN
gujaf-80	200	19	,	,	PUNCT
gujaf-80	200	20	v.c	v.c	PROPN
gujaf-80	200	21	.	.	PROPN
gujaf-80	200	22	&	&	CCONJ
gujaf-80	200	23	ifeanyi	ifeanyi	PROPN
gujaf-80	200	24	,	,	PUNCT
gujaf-80	200	25	o.p	o.p	PROPN
gujaf-80	200	26	.	.	PROPN
gujaf-80	200	27	(	(	PUNCT
gujaf-80	200	28	2019	2019	NUM
gujaf-80	200	29	)	)	PUNCT
gujaf-80	200	30	.	.	PUNCT
gujaf-80	201	1	exchange	exchange	NOUN
gujaf-80	201	2	rate	rate	NOUN
gujaf-80	201	3	and	and	CCONJ
gujaf-80	201	4	foreign	foreign	ADJ
gujaf-80	201	5	reserves	reserve	NOUN
gujaf-80	201	6	interface	interface	NOUN
gujaf-80	201	7	:	:	PUNCT
gujaf-80	201	8	empirical	empirical	ADJ
gujaf-80	201	9	evidence	evidence	NOUN
gujaf-80	201	10	from	from	ADP
gujaf-80	201	11	nigeria	nigeria	PROPN
gujaf-80	201	12	.	.	PUNCT
gujaf-80	202	1	the	the	DET
gujaf-80	202	2	economics	economics	NOUN
gujaf-80	202	3	finance	finance	NOUN
gujaf-80	202	4	letters	letter	NOUN
gujaf-80	202	5	.	.	PUNCT
gujaf-80	203	1	6(1	6(1	NUM
gujaf-80	203	2	)	)	PUNCT
gujaf-80	203	3	,	,	PUNCT
gujaf-80	203	4	1	1	NUM
gujaf-80	203	5	-	-	SYM
gujaf-80	203	6	8	8	NUM
gujaf-80	203	7	.	.	PUNCT
gujaf-80	204	1	kennedy	kennedy	PROPN
gujaf-80	204	2	,	,	PUNCT
gujaf-80	204	3	p.	p.	PROPN
gujaf-80	204	4	(	(	PUNCT
gujaf-80	204	5	2008	2008	NUM
gujaf-80	204	6	)	)	PUNCT
gujaf-80	204	7	.	.	PUNCT
gujaf-80	205	1	a	a	DET
gujaf-80	205	2	guide	guide	NOUN
gujaf-80	205	3	to	to	ADP
gujaf-80	205	4	econometrics	econometric	NOUN
gujaf-80	205	5	.	.	PUNCT
gujaf-80	206	1	john	john	PROPN
gujaf-80	206	2	wiley	wiley	PROPN
gujaf-80	206	3	&	&	CCONJ
gujaf-80	206	4	sons	son	NOUN
gujaf-80	206	5	.	.	PUNCT
gujaf-80	207	1	matsumoto	matsumoto	PROPN
gujaf-80	207	2	,	,	PUNCT
gujaf-80	207	3	h.	h.	PROPN
gujaf-80	207	4	(	(	PUNCT
gujaf-80	207	5	2021	2021	NUM
gujaf-80	207	6	)	)	PUNCT
gujaf-80	207	7	.	.	PUNCT
gujaf-80	208	1	foreign	foreign	ADJ
gujaf-80	208	2	reserve	reserve	NOUN
gujaf-80	208	3	accumulation	accumulation	NOUN
gujaf-80	208	4	,	,	PUNCT
gujaf-80	208	5	foreign	foreign	ADJ
gujaf-80	208	6	direct	direct	ADJ
gujaf-80	208	7	investment	investment	NOUN
gujaf-80	208	8	,	,	PUNCT
gujaf-80	208	9	and	and	CCONJ
gujaf-80	208	10	economic	economic	ADJ
gujaf-80	208	11	growth	growth	NOUN
gujaf-80	208	12	.	.	PUNCT
gujaf-80	209	1	review	review	NOUN
gujaf-80	209	2	of	of	ADP
gujaf-80	209	3	economic	economic	ADJ
gujaf-80	209	4	dynamics	dynamic	NOUN
gujaf-80	209	5	.	.	PUNCT
gujaf-80	210	1	1	1	NUM
gujaf-80	210	2	-	-	SYM
gujaf-80	210	3	74	74	NUM
gujaf-80	210	4	.	.	PUNCT
gujaf-80	211	1	doi	doi	NOUN
gujaf-80	211	2	:	:	PUNCT
gujaf-80	211	3	10.1016	10.1016	NUM
gujaf-80	211	4	/	/	SYM
gujaf-80	211	5	j.red.2021.02.002	j.red.2021.02.002	NOUN
gujaf-80	211	6	mohanty	mohanty	NOUN
gujaf-80	211	7	,	,	PUNCT
gujaf-80	211	8	m.	m.	NOUN
gujaf-80	211	9	s.	s.	PROPN
gujaf-80	211	10	,	,	PUNCT
gujaf-80	211	11	&	&	CCONJ
gujaf-80	211	12	turner	turner	PROPN
gujaf-80	211	13	,	,	PUNCT
gujaf-80	211	14	p.	p.	NOUN
gujaf-80	211	15	(	(	PUNCT
gujaf-80	211	16	2006	2006	NUM
gujaf-80	211	17	)	)	PUNCT
gujaf-80	211	18	.	.	PUNCT
gujaf-80	212	1	foreign	foreign	ADJ
gujaf-80	212	2	exchange	exchange	PROPN
gujaf-80	212	3	reserve	reserve	NOUN
gujaf-80	212	4	accumulation	accumulation	NOUN
gujaf-80	212	5	in	in	ADP
gujaf-80	212	6	emerging	emerge	VERB
gujaf-80	212	7	markets	market	NOUN
gujaf-80	212	8	:	:	PUNCT
gujaf-80	212	9	what	what	PRON
gujaf-80	212	10	are	be	AUX
gujaf-80	212	11	the	the	DET
gujaf-80	212	12	domestic	domestic	ADJ
gujaf-80	212	13	implications	implication	NOUN
gujaf-80	212	14	?	?	PUNCT
gujaf-80	212	15	.	.	PUNCT
gujaf-80	213	1	bis	bis	PROPN
gujaf-80	213	2	quarterly	quarterly	ADJ
gujaf-80	213	3	review	review	NOUN
gujaf-80	213	4	,	,	PUNCT
gujaf-80	213	5	september	september	PROPN
gujaf-80	213	6	.	.	PUNCT
gujaf-80	214	1	obstfeld	obstfeld	PROPN
gujaf-80	214	2	,	,	PUNCT
gujaf-80	214	3	m.	m.	NOUN
gujaf-80	214	4	,	,	PUNCT
gujaf-80	214	5	shambaugh	shambaugh	NOUN
gujaf-80	214	6	,	,	PUNCT
gujaf-80	214	7	j.c	j.c	PROPN
gujaf-80	214	8	.	.	PROPN
gujaf-80	214	9	&	&	CCONJ
gujaf-80	214	10	a.	a.	PROPN
gujaf-80	214	11	m.	m.	PROPN
gujaf-80	214	12	taylor	taylor	PROPN
gujaf-80	214	13	.	.	PUNCT
gujaf-80	215	1	(	(	PUNCT
gujaf-80	215	2	2008	2008	NUM
gujaf-80	215	3	)	)	PUNCT
gujaf-80	215	4	.	.	PUNCT
gujaf-80	216	1	financial	financial	ADJ
gujaf-80	216	2	stability	stability	NOUN
gujaf-80	216	3	,	,	PUNCT
gujaf-80	216	4	the	the	DET
gujaf-80	216	5	trilemma	trilemma	NOUN
gujaf-80	216	6	,	,	PUNCT
gujaf-80	216	7	and	and	CCONJ
gujaf-80	216	8	international	international	ADJ
gujaf-80	216	9	reserves	reserve	NOUN
gujaf-80	216	10	.	.	PUNCT
gujaf-80	217	1	working	work	VERB
gujaf-80	217	2	paper	paper	NOUN
gujaf-80	217	3	14217	14217	NUM
gujaf-80	217	4	http://www.nber.org/papers/w14217	http://www.nber.org/papers/w14217	PROPN
gujaf-80	217	5	olokoyo	olokoyo	PROPN
gujaf-80	217	6	,	,	PUNCT
gujaf-80	217	7	f.	f.	PROPN
gujaf-80	217	8	o.	o.	PROPN
gujaf-80	217	9	,	,	PUNCT
gujaf-80	217	10	osabuohien	osabuohien	PROPN
gujaf-80	217	11	,	,	PUNCT
gujaf-80	217	12	e.	e.	PROPN
gujaf-80	217	13	s.	s.	PROPN
gujaf-80	217	14	,	,	PUNCT
gujaf-80	217	15	&	&	CCONJ
gujaf-80	217	16	salami	salami	NOUN
gujaf-80	217	17	,	,	PUNCT
gujaf-80	217	18	o.	o.	NOUN
gujaf-80	217	19	a.	a.	NOUN
gujaf-80	217	20	(	(	PUNCT
gujaf-80	217	21	2009	2009	NUM
gujaf-80	217	22	)	)	PUNCT
gujaf-80	217	23	.	.	PUNCT
gujaf-80	218	1	econometric	econometric	ADJ
gujaf-80	218	2	analysis	analysis	NOUN
gujaf-80	218	3	of	of	ADP
gujaf-80	218	4	foreign	foreign	ADJ
gujaf-80	218	5	reserves	reserve	NOUN
gujaf-80	218	6	and	and	CCONJ
gujaf-80	218	7	some	some	DET
gujaf-80	218	8	macroeconomic	macroeconomic	ADJ
gujaf-80	218	9	variables	variable	NOUN
gujaf-80	218	10	in	in	ADP
gujaf-80	218	11	nigeria	nigeria	PROPN
gujaf-80	218	12	(	(	PUNCT
gujaf-80	218	13	1970–2007	1970–2007	NUM
gujaf-80	218	14	)	)	PUNCT
gujaf-80	218	15	.	.	PUNCT
gujaf-80	219	1	african	african	PROPN
gujaf-80	219	2	development	development	PROPN
gujaf-80	219	3	review	review	PROPN
gujaf-80	219	4	,	,	PUNCT
gujaf-80	219	5	21(3	21(3	NUM
gujaf-80	219	6	)	)	PUNCT
gujaf-80	219	7	,	,	PUNCT
gujaf-80	219	8	454	454	NUM
gujaf-80	219	9	-	-	SYM
gujaf-80	219	10	475	475	NUM
gujaf-80	219	11	.	.	PUNCT
gujaf-80	220	1	olokoyo	olokoyo	PROPN
gujaf-80	220	2	,	,	PUNCT
gujaf-80	220	3	f.o	f.o	PROPN
gujaf-80	220	4	.	.	PROPN
gujaf-80	220	5	,	,	PUNCT
gujaf-80	220	6	osabuohien	osabuohien	PROPN
gujaf-80	220	7	,	,	PUNCT
gujaf-80	220	8	e.s.c	e.s.c	ADJ
gujaf-80	220	9	.	.	PROPN
gujaf-80	220	10	&	&	CCONJ
gujaf-80	220	11	salami	salami	PROPN
gujaf-80	220	12	,	,	PUNCT
gujaf-80	220	13	o.a	o.a	PROPN
gujaf-80	220	14	.	.	PROPN
gujaf-80	220	15	(	(	PUNCT
gujaf-80	220	16	2009	2009	NUM
gujaf-80	220	17	)	)	PUNCT
gujaf-80	220	18	.	.	PUNCT
gujaf-80	221	1	econometric	econometric	ADJ
gujaf-80	221	2	analysis	analysis	NOUN
gujaf-80	221	3	of	of	ADP
gujaf-80	221	4	foreign	foreign	ADJ
gujaf-80	221	5	reserves	reserve	NOUN
gujaf-80	221	6	and	and	CCONJ
gujaf-80	221	7	some	some	DET
gujaf-80	221	8	macroeconomic	macroeconomic	ADJ
gujaf-80	221	9	variables	variable	NOUN
gujaf-80	221	10	in	in	ADP
gujaf-80	221	11	nigeria	nigeria	PROPN
gujaf-80	221	12	(	(	PUNCT
gujaf-80	221	13	1970–2007	1970–2007	NUM
gujaf-80	221	14	)	)	PUNCT
gujaf-80	221	15	.	.	PUNCT
gujaf-80	222	1	african	african	PROPN
gujaf-80	222	2	development	development	PROPN
gujaf-80	222	3	review	review	PROPN
gujaf-80	222	4	,	,	PUNCT
gujaf-80	222	5	vol	vol	NOUN
gujaf-80	222	6	.	.	PROPN
gujaf-80	222	7	21	21	NUM
gujaf-80	222	8	,	,	PUNCT
gujaf-80	222	9	no	no	INTJ
gujaf-80	222	10	.	.	NOUN
gujaf-80	222	11	3	3	NUM
gujaf-80	222	12	,	,	PUNCT
gujaf-80	222	13	2009	2009	NUM
gujaf-80	222	14	,	,	PUNCT
gujaf-80	222	15	454–475	454–475	NUM
gujaf-80	222	16	.	.	PUNCT
gujaf-80	222	17	onwuka	onwuka	PROPN
gujaf-80	222	18	,	,	PUNCT
gujaf-80	222	19	e.	e.	PROPN
gujaf-80	222	20	m.	m.	PROPN
gujaf-80	222	21	,	,	PUNCT
gujaf-80	222	22	&	&	CCONJ
gujaf-80	222	23	igwezea	igwezea	PROPN
gujaf-80	222	24	,	,	PUNCT
gujaf-80	222	25	h.	h.	PROPN
gujaf-80	222	26	(	(	PUNCT
gujaf-80	222	27	2014	2014	NUM
gujaf-80	222	28	)	)	PUNCT
gujaf-80	222	29	.	.	PUNCT
gujaf-80	223	1	impact	impact	NOUN
gujaf-80	223	2	of	of	ADP
gujaf-80	223	3	external	external	ADJ
gujaf-80	223	4	reserve	reserve	NOUN
gujaf-80	223	5	and	and	CCONJ
gujaf-80	223	6	foreign	foreign	ADJ
gujaf-80	223	7	debt	debt	NOUN
gujaf-80	223	8	on	on	ADP
gujaf-80	223	9	naira	naira	NOUN
gujaf-80	223	10	exchange	exchange	NOUN
gujaf-80	223	11	rate	rate	NOUN
gujaf-80	223	12	.	.	PUNCT
gujaf-80	224	1	journal	journal	PROPN
gujaf-80	224	2	of	of	ADP
gujaf-80	224	3	international	international	ADJ
gujaf-80	224	4	academic	academic	ADJ
gujaf-80	224	5	research	research	NOUN
gujaf-80	224	6	for	for	ADP
gujaf-80	224	7	multidisciplinary	multidisciplinary	ADJ
gujaf-80	224	8	impact	impact	NOUN
gujaf-80	224	9	factor	factor	NOUN
gujaf-80	224	10	,	,	PUNCT
gujaf-80	224	11	2(6	2(6	NUM
gujaf-80	224	12	)	)	PUNCT
gujaf-80	224	13	,	,	PUNCT
gujaf-80	224	14	416	416	NUM
gujaf-80	224	15	-	-	SYM
gujaf-80	224	16	423	423	NUM
gujaf-80	224	17	.	.	PUNCT
gujaf-80	225	1	osabuohien	osabuohien	PROPN
gujaf-80	225	2	,	,	PUNCT
gujaf-80	225	3	e.	e.	PROPN
gujaf-80	225	4	s.	s.	PROPN
gujaf-80	225	5	,	,	PUNCT
gujaf-80	225	6	&	&	CCONJ
gujaf-80	225	7	egwakhe	egwakhe	ADJ
gujaf-80	225	8	,	,	PUNCT
gujaf-80	225	9	a.	a.	NOUN
gujaf-80	225	10	j.	j.	PROPN
gujaf-80	225	11	(	(	PUNCT
gujaf-80	225	12	2008	2008	NUM
gujaf-80	225	13	)	)	PUNCT
gujaf-80	225	14	.	.	PUNCT
gujaf-80	226	1	external	external	PROPN
gujaf-80	226	2	reserve	reserve	PROPN
gujaf-80	226	3	and	and	CCONJ
gujaf-80	226	4	the	the	DET
gujaf-80	226	5	nigerian	nigerian	ADJ
gujaf-80	226	6	economy	economy	NOUN
gujaf-80	226	7	:	:	PUNCT
gujaf-80	226	8	the	the	DET
gujaf-80	226	9	dual	dual	ADJ
gujaf-80	226	10	folded	fold	VERB
gujaf-80	226	11	debate	debate	NOUN
gujaf-80	226	12	.	.	PUNCT
gujaf-80	227	1	african	african	ADJ
gujaf-80	227	2	journal	journal	PROPN
gujaf-80	227	3	of	of	ADP
gujaf-80	227	4	business	business	NOUN
gujaf-80	227	5	and	and	CCONJ
gujaf-80	227	6	economic	economic	ADJ
gujaf-80	227	7	research	research	NOUN
gujaf-80	227	8	,	,	PUNCT
gujaf-80	227	9	3(2_3	3(2_3	NUM
gujaf-80	227	10	)	)	PUNCT
gujaf-80	227	11	,	,	PUNCT
gujaf-80	227	12	28	28	NUM
gujaf-80	227	13	-	-	SYM
gujaf-80	227	14	41	41	NUM
gujaf-80	227	15	.	.	PUNCT
gujaf-80	228	1	http://www.nber.org/papers/w18628	http://www.nber.org/papers/w18628	PRON
gujaf-80	228	2	http://www.nber.org/papers/w14217	http://www.nber.org/papers/w14217	X
gujaf-80	228	3	gusau	gusau	ADJ
gujaf-80	228	4	journal	journal	NOUN
gujaf-80	228	5	of	of	ADP
gujaf-80	228	6	accounting	accounting	NOUN
gujaf-80	228	7	and	and	CCONJ
gujaf-80	228	8	finance	finance	NOUN
gujaf-80	228	9	,	,	PUNCT
gujaf-80	228	10	vol	vol	NOUN
gujaf-80	228	11	.	.	PROPN
gujaf-80	228	12	2	2	NUM
gujaf-80	228	13	,	,	PUNCT
gujaf-80	228	14	issue	issue	NOUN
gujaf-80	228	15	3	3	NUM
gujaf-80	228	16	,	,	PUNCT
gujaf-80	228	17	april	april	PROPN
gujaf-80	228	18	,	,	PUNCT
gujaf-80	228	19	2021	2021	NUM
gujaf-80	228	20	14	14	NUM
gujaf-80	228	21	papaioannou	papaioannou	PROPN
gujaf-80	228	22	,	,	PUNCT
gujaf-80	228	23	e.	e.	PROPN
gujaf-80	228	24	,	,	PUNCT
gujaf-80	228	25	portes	portes	PROPN
gujaf-80	228	26	,	,	PUNCT
gujaf-80	228	27	r.	r.	PROPN
gujaf-80	228	28	,	,	PUNCT
gujaf-80	228	29	&	&	CCONJ
gujaf-80	228	30	siourounis	siourounis	PROPN
gujaf-80	228	31	,	,	PUNCT
gujaf-80	228	32	g.	g.	PROPN
gujaf-80	228	33	(	(	PUNCT
gujaf-80	228	34	2006	2006	NUM
gujaf-80	228	35	)	)	PUNCT
gujaf-80	228	36	.	.	PUNCT
gujaf-80	229	1	optimal	optimal	ADJ
gujaf-80	229	2	currency	currency	NOUN
gujaf-80	229	3	shares	share	NOUN
gujaf-80	229	4	in	in	ADP
gujaf-80	229	5	international	international	ADJ
gujaf-80	229	6	reserves	reserve	NOUN
gujaf-80	229	7	:	:	PUNCT
gujaf-80	229	8	the	the	DET
gujaf-80	229	9	impact	impact	NOUN
gujaf-80	229	10	of	of	ADP
gujaf-80	229	11	the	the	DET
gujaf-80	229	12	euro	euro	NOUN
gujaf-80	229	13	and	and	CCONJ
gujaf-80	229	14	the	the	DET
gujaf-80	229	15	prospects	prospect	NOUN
gujaf-80	229	16	for	for	ADP
gujaf-80	229	17	the	the	DET
gujaf-80	229	18	dollar	dollar	NOUN
gujaf-80	229	19	.	.	PUNCT
gujaf-80	230	1	working	work	VERB
gujaf-80	230	2	paper	paper	NOUN
gujaf-80	230	3	12333	12333	NUM
gujaf-80	230	4	http://www.nber.org/papers/w12333	http://www.nber.org/papers/w12333	NOUN
gujaf-80	230	5	.	.	PUNCT
gujaf-80	230	6	park	park	PROPN
gujaf-80	230	7	,	,	PUNCT
gujaf-80	230	8	h.	h.	PROPN
gujaf-80	230	9	m.	m.	PROPN
gujaf-80	230	10	(	(	PUNCT
gujaf-80	230	11	2011	2011	NUM
gujaf-80	230	12	)	)	PUNCT
gujaf-80	230	13	.	.	PUNCT
gujaf-80	231	1	practical	practical	ADJ
gujaf-80	231	2	guides	guide	NOUN
gujaf-80	231	3	to	to	ADP
gujaf-80	231	4	panel	panel	NOUN
gujaf-80	231	5	data	datum	NOUN
gujaf-80	231	6	modeling	modeling	NOUN
gujaf-80	231	7	:	:	PUNCT
gujaf-80	231	8	a	a	DET
gujaf-80	231	9	step	step	NOUN
gujaf-80	231	10	-	-	PUNCT
gujaf-80	231	11	by	by	ADP
gujaf-80	231	12	-	-	PUNCT
gujaf-80	231	13	step	step	NOUN
gujaf-80	231	14	analysis	analysis	NOUN
gujaf-80	231	15	using	use	VERB
gujaf-80	231	16	stata	stata	NOUN
gujaf-80	231	17	.	.	PUNCT
gujaf-80	232	1	tutorial	tutorial	ADJ
gujaf-80	232	2	working	working	NOUN
gujaf-80	232	3	paper	paper	NOUN
gujaf-80	232	4	.	.	PUNCT
gujaf-80	233	1	graduate	graduate	NOUN
gujaf-80	233	2	school	school	NOUN
gujaf-80	233	3	of	of	ADP
gujaf-80	233	4	international	international	ADJ
gujaf-80	233	5	relations	relation	NOUN
gujaf-80	233	6	,	,	PUNCT
gujaf-80	233	7	international	international	ADJ
gujaf-80	233	8	university	university	PROPN
gujaf-80	233	9	of	of	ADP
gujaf-80	233	10	japan	japan	PROPN
gujaf-80	233	11	.	.	PUNCT
gujaf-80	234	1	polterovich	polterovich	PROPN
gujaf-80	234	2	,	,	PUNCT
gujaf-80	234	3	v.	v.	PROPN
gujaf-80	234	4	&	&	CCONJ
gujaf-80	234	5	popov	popov	PROPN
gujaf-80	234	6	,	,	PUNCT
gujaf-80	234	7	v.	v.	PROPN
gujaf-80	234	8	(	(	PUNCT
gujaf-80	234	9	2003	2003	NUM
gujaf-80	234	10	)	)	PUNCT
gujaf-80	234	11	.	.	PUNCT
gujaf-80	235	1	accumulation	accumulation	NOUN
gujaf-80	235	2	of	of	ADP
gujaf-80	235	3	foreign	foreign	ADJ
gujaf-80	235	4	exchange	exchange	NOUN
gujaf-80	235	5	reserves	reserve	NOUN
gujaf-80	235	6	and	and	CCONJ
gujaf-80	235	7	long	long	ADJ
gujaf-80	235	8	term	term	NOUN
gujaf-80	235	9	growth	growth	NOUN
gujaf-80	235	10	.	.	PUNCT
gujaf-80	236	1	new	new	ADJ
gujaf-80	236	2	economic	economic	ADJ
gujaf-80	236	3	school	school	NOUN
gujaf-80	236	4	online	online	ADV
gujaf-80	236	5	at	at	ADP
gujaf-80	236	6	http://mpra.ub.uni-muenchen.de/20069/	http://mpra.ub.uni-muenchen.de/20069/	ADJ
gujaf-80	236	7	qian	qian	PROPN
gujaf-80	236	8	,	,	PUNCT
gujaf-80	236	9	x.	x.	PROPN
gujaf-80	236	10	,	,	PUNCT
gujaf-80	236	11	&	&	CCONJ
gujaf-80	236	12	steiner	steiner	PROPN
gujaf-80	236	13	,	,	PUNCT
gujaf-80	236	14	a.	a.	NOUN
gujaf-80	236	15	(	(	PUNCT
gujaf-80	236	16	2017	2017	NUM
gujaf-80	236	17	)	)	PUNCT
gujaf-80	236	18	.	.	PUNCT
gujaf-80	237	1	international	international	ADJ
gujaf-80	237	2	reserves	reserve	NOUN
gujaf-80	237	3	and	and	CCONJ
gujaf-80	237	4	the	the	DET
gujaf-80	237	5	maturity	maturity	NOUN
gujaf-80	237	6	of	of	ADP
gujaf-80	237	7	external	external	ADJ
gujaf-80	237	8	debt	debt	NOUN
gujaf-80	237	9	.	.	PUNCT
gujaf-80	238	1	journal	journal	PROPN
gujaf-80	238	2	of	of	ADP
gujaf-80	238	3	international	international	ADJ
gujaf-80	238	4	money	money	NOUN
gujaf-80	238	5	and	and	CCONJ
gujaf-80	238	6	finance	finance	NOUN
gujaf-80	238	7	,	,	PUNCT
gujaf-80	238	8	73	73	NUM
gujaf-80	238	9	,	,	PUNCT
gujaf-80	238	10	399	399	NUM
gujaf-80	238	11	-	-	SYM
gujaf-80	238	12	418	418	NUM
gujaf-80	238	13	.	.	PUNCT
gujaf-80	239	1	rodrik	rodrik	PROPN
gujaf-80	239	2	,	,	PUNCT
gujaf-80	239	3	d.	d.	PROPN
gujaf-80	239	4	(	(	PUNCT
gujaf-80	239	5	2006	2006	NUM
gujaf-80	239	6	)	)	PUNCT
gujaf-80	239	7	.	.	PUNCT
gujaf-80	240	1	the	the	DET
gujaf-80	240	2	social	social	ADJ
gujaf-80	240	3	cost	cost	NOUN
gujaf-80	240	4	of	of	ADP
gujaf-80	240	5	foreign	foreign	ADJ
gujaf-80	240	6	exchange	exchange	NOUN
gujaf-80	240	7	reserves	reserve	NOUN
gujaf-80	240	8	.	.	PUNCT
gujaf-80	241	1	working	work	VERB
gujaf-80	241	2	paper	paper	NOUN
gujaf-80	241	3	11952	11952	NUM
gujaf-80	241	4	http://www.nber.org/papers/w11952	http://www.nber.org/papers/w11952	NOUN
gujaf-80	241	5	tong	tong	PROPN
gujaf-80	241	6	,	,	PUNCT
gujaf-80	241	7	h.	h.	PROPN
gujaf-80	241	8	,	,	PUNCT
gujaf-80	241	9	&	&	CCONJ
gujaf-80	241	10	wei	wei	PROPN
gujaf-80	241	11	,	,	PUNCT
gujaf-80	241	12	s.	s.	PROPN
gujaf-80	241	13	j.	j.	PROPN
gujaf-80	241	14	(	(	PUNCT
gujaf-80	241	15	2019	2019	NUM
gujaf-80	241	16	)	)	PUNCT
gujaf-80	241	17	.	.	PUNCT
gujaf-80	242	1	endogenous	endogenous	ADJ
gujaf-80	242	2	corporate	corporate	ADJ
gujaf-80	242	3	leverage	leverage	NOUN
gujaf-80	242	4	response	response	NOUN
gujaf-80	242	5	to	to	ADP
gujaf-80	242	6	a	a	DET
gujaf-80	242	7	safer	safe	ADJ
gujaf-80	242	8	macro	macro	NOUN
gujaf-80	242	9	environment	environment	NOUN
gujaf-80	242	10	:	:	PUNCT
gujaf-80	242	11	the	the	DET
gujaf-80	242	12	case	case	NOUN
gujaf-80	242	13	of	of	ADP
gujaf-80	242	14	foreign	foreign	ADJ
gujaf-80	242	15	exchange	exchange	NOUN
gujaf-80	242	16	reserve	reserve	NOUN
gujaf-80	242	17	accumulation	accumulation	NOUN
gujaf-80	242	18	(	(	PUNCT
gujaf-80	242	19	no	no	INTJ
gujaf-80	242	20	.	.	PUNCT
gujaf-80	243	1	w26545	w26545	NOUN
gujaf-80	243	2	)	)	PUNCT
gujaf-80	243	3	.	.	PUNCT
gujaf-80	244	1	national	national	PROPN
gujaf-80	244	2	bureau	bureau	PROPN
gujaf-80	244	3	of	of	ADP
gujaf-80	244	4	economic	economic	ADJ
gujaf-80	244	5	research	research	NOUN
gujaf-80	244	6	.	.	PUNCT
gujaf-80	245	1	world	world	PROPN
gujaf-80	245	2	bank	bank	PROPN
gujaf-80	245	3	(	(	PUNCT
gujaf-80	245	4	2019	2019	NUM
gujaf-80	245	5	)	)	PUNCT
gujaf-80	245	6	.	.	PUNCT
gujaf-80	246	1	world	world	NOUN
gujaf-80	246	2	development	development	NOUN
gujaf-80	246	3	indicators	indicator	NOUN
gujaf-80	246	4	.	.	PUNCT
gujaf-80	247	1	retrieved	retrieve	VERB
gujaf-80	247	2	on	on	ADP
gujaf-80	247	3	july	july	PROPN
gujaf-80	247	4	12	12	NUM
gujaf-80	247	5	from	from	ADP
gujaf-80	247	6	http://data.worldbank.org/data-catalog/world-development-indicators	http://data.worldbank.org/data-catalog/world-development-indicators	PROPN
gujaf-80	247	7	.	.	PUNCT
gujaf-80	248	1	yeyati	yeyati	PROPN
gujaf-80	248	2	,	,	PUNCT
gujaf-80	248	3	e.	e.	PROPN
gujaf-80	248	4	l.	l.	PROPN
gujaf-80	248	5	(	(	PUNCT
gujaf-80	248	6	2008	2008	NUM
gujaf-80	248	7	)	)	PUNCT
gujaf-80	248	8	.	.	PUNCT
gujaf-80	249	1	the	the	DET
gujaf-80	249	2	cost	cost	NOUN
gujaf-80	249	3	of	of	ADP
gujaf-80	249	4	reserves	reserve	NOUN
gujaf-80	249	5	.	.	PUNCT
gujaf-80	250	1	economics	economic	NOUN
gujaf-80	250	2	letters	letter	NOUN
gujaf-80	250	3	,	,	PUNCT
gujaf-80	250	4	100(1	100(1	NUM
gujaf-80	250	5	)	)	PUNCT
gujaf-80	250	6	,	,	PUNCT
gujaf-80	250	7	39	39	NUM
gujaf-80	250	8	-	-	SYM
gujaf-80	250	9	42	42	NUM
gujaf-80	250	10	.	.	PUNCT
gujaf-80	251	1	http://mpra.ub.uni-muenchen.de/20069/	http://mpra.ub.uni-muenchen.de/20069/	NUM
gujaf-80	251	2	http://www.nber.org/papers/w11952	http://www.nber.org/papers/w11952	NOUN
gujaf-80	251	3	http://data.worldbank.org/data-catalog/world-development-indicators	http://data.worldbank.org/data-catalog/world-development-indicator	NOUN