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Optimal reserves in the Eastern Caribbean Currency Union /
Recent turbulence in global and Caribbean regional financial markets underscore the importance of reassessing the adequacy of international reserves held by the Eastern Caribbean Central Bank (ECCB). Using the Jeanne (2007) optimization framework, this paper finds that international reserves held by...
| Clasificación: | Libro Electrónico |
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| Autores principales: | , , |
| Autor Corporativo: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, DC] :
International Monetary Fund,
©2009.
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| Colección: | IMF working paper ;
WP/09/77. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | Recent turbulence in global and Caribbean regional financial markets underscore the importance of reassessing the adequacy of international reserves held by the Eastern Caribbean Central Bank (ECCB). Using the Jeanne (2007) optimization framework, this paper finds that international reserves held by the ECCB are generally adequate for a variety of external current account and capital account shocks. However, the ECCB would be challenged in the event of moderate to severe deposit outflows. |
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| Descripción Física: | 1 online resource (20 pages) : color illustrations |
| Bibliografía: | Includes bibliographical references (pages 18-20). |
| ISBN: | 1462320465 9781462320462 1452782369 9781452782362 1282842986 9781282842984 1451872240 9781451872248 9786612842986 6612842989 |