International Reserves and Self-Insurance Against External Shocks:
The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate. This paper develops an analytical framework...
Gespeichert in:
1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2008
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Schriftenreihe: | IMF Working Papers
Working Paper No. 08/149 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate. 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 |
Beschreibung: | 1 Online-Ressource (21 p) |
ISBN: | 1451870078 9781451870077 |
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spelling | Barnichon, Régis Verfasser aut International Reserves and Self-Insurance Against External Shocks Barnichon, Régis Washington, D.C International Monetary Fund 2008 1 Online-Ressource (21 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 08/149 The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate. 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 Online-Ausg http://elibrary.imf.org/view/IMF001/09310-9781451870077/09310-9781451870077/09310-9781451870077.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Barnichon, Régis International Reserves and Self-Insurance Against External Shocks |
title | International Reserves and Self-Insurance Against External Shocks |
title_auth | International Reserves and Self-Insurance Against External Shocks |
title_exact_search | International Reserves and Self-Insurance Against External Shocks |
title_exact_search_txtP | International Reserves and Self-Insurance Against External Shocks |
title_full | International Reserves and Self-Insurance Against External Shocks Barnichon, Régis |
title_fullStr | International Reserves and Self-Insurance Against External Shocks Barnichon, Régis |
title_full_unstemmed | International Reserves and Self-Insurance Against External Shocks Barnichon, Régis |
title_short | International Reserves and Self-Insurance Against External Shocks |
title_sort | international reserves and self insurance against external shocks |
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