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International reserves and self-insurance against external shocks /
This paper develops an analytical framework that helps to quantify the optimal level of international reserves for a small open economy with limited access to foreign capital and subject to natural disasters or terms of trade shocks. International reserves allow the country to relieve balance of pay...
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Autor Corporativo: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Washington, D.C. :
International Monetary Fund, Policy Development and Review Dept.,
2008.
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| Colección: | IMF working paper ;
WP/08/149. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | This paper develops an analytical framework that helps to quantify the optimal level of international reserves for a small open economy with limited access to foreign capital and subject to natural disasters or terms of trade shocks. International reserves allow the country to relieve balance of payments pressures caused by external shocks and to avoid large fluctuations in imports. I calibrate the model to two regions, the Caribbean and the Sahel, and assess the sensitivity of the results. |
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| Notas: | "June 2008." |
| Descripción Física: | 1 online resource (21 pages) : illustrations |
| Bibliografía: | Includes bibliographical references (page 15). |
| ISBN: | 1451914601 9781451914603 9781451870077 1451870078 1462335616 9781462335619 1452736979 9781452736976 1282841009 9781282841000 9786612841002 6612841001 |