Reserve Adequacy in Emerging Market Economics:
This paper analyzes reserve adequacy in emerging market countries. It argues that the old rule of thumb of maintaining reserves equivalent to three months of imports has become obsolete and that, instead, a new benchmark is needed which takes into account the increased importance of capital flows. T...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2001
|
| Schriftenreihe: | IMF Working Papers
Working Paper No. 01/143 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Zusammenfassung: | This paper analyzes reserve adequacy in emerging market countries. It argues that the old rule of thumb of maintaining reserves equivalent to three months of imports has become obsolete and that, instead, a new benchmark is needed which takes into account the increased importance of capital flows. The paper suggests such a benchmark, consisting of the sum of short-term debt on a residual maturity basis (the external drain) and an allowance for possible capital flight (the internal drain), taking into account differences in country risk and exchange rate regime |
| Beschreibung: | 1 Online-Ressource (49 p) |
| ISBN: | 1451856342 9781451856347 |
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| index_date | 2024-07-03T20:13:20Z |
| indexdate | 2024-07-10T09:35:27Z |
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| spelling | International Monetary Fund Verfasser aut Reserve Adequacy in Emerging Market Economics Washington, D.C International Monetary Fund 2001 1 Online-Ressource (49 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 01/143 This paper analyzes reserve adequacy in emerging market countries. It argues that the old rule of thumb of maintaining reserves equivalent to three months of imports has become obsolete and that, instead, a new benchmark is needed which takes into account the increased importance of capital flows. The paper suggests such a benchmark, consisting of the sum of short-term debt on a residual maturity basis (the external drain) and an allowance for possible capital flight (the internal drain), taking into account differences in country risk and exchange rate regime Online-Ausg International Monetary Fund Sonstige oth http://elibrary.imf.org/view/IMF001/14897-9781451856347/14897-9781451856347/14897-9781451856347.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Reserve Adequacy in Emerging Market Economics |
| title | Reserve Adequacy in Emerging Market Economics |
| title_auth | Reserve Adequacy in Emerging Market Economics |
| title_exact_search | Reserve Adequacy in Emerging Market Economics |
| title_exact_search_txtP | Reserve Adequacy in Emerging Market Economics |
| title_full | Reserve Adequacy in Emerging Market Economics |
| title_fullStr | Reserve Adequacy in Emerging Market Economics |
| title_full_unstemmed | Reserve Adequacy in Emerging Market Economics |
| title_short | Reserve Adequacy in Emerging Market Economics |
| title_sort | reserve adequacy in emerging market economics |
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