Data and measurement of variables
| Acronym | Description | Source |
|---|---|---|
| RES | Ratio of gross official reserves to GDP | Maldives monetary authority (MMA) |
| Volex | Volatility of exports | MMA (estimated) |
| Voler | Volatility of exchange rate | MMA (estimated) |
| Volimp | Volatility of imports | MMA (estimated) |
| PCI | Real per capita GDP | MMA |
| STD | Short-term debt to GDP | MMA |
| OILP | Crude oil price in US$ | MMA |
| MS | Money supply to GDP | MMA |
| IR | Market yield on US treasury securities | MMA |
| COVID-Dummy | COVID-19 dummy. It is taken 2020 as ‘1’ and other periods ‘0’ | MMA |
| Acronym | Description | Source |
|---|---|---|
| Ratio of gross official reserves to GDP | Maldives monetary authority (MMA) | |
| Volatility of exports | MMA (estimated) | |
| Volatility of exchange rate | MMA (estimated) | |
| Volatility of imports | MMA (estimated) | |
| Real per capita GDP | MMA | |
| Short-term debt to GDP | MMA | |
| Crude oil price in US$ | MMA | |
| Money supply to GDP | MMA | |
| Market yield on US treasury securities | MMA | |
| COVID-19 dummy. It is taken 2020 as ‘1’ and other periods ‘0’ | MMA |
Note(s): This table describes all variables used in this paper and data collection of these variables from different sources
Source(s): Table by authors’
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