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Samuel, Wendell A.

Optimal Reserves in the Eastern Caribbean Currency Union Wendell A Samuel. [electronic resource] / Wendell A Samuel. - Washington, D.C. : International Monetary Fund, 2009. - 1 online resource (20 p.) - IMF Working Papers; Working Paper ; No. 09/77 . - IMF Working Papers; Working Paper ; No. 09/77 .

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.

ISBN: 1451872240 : 18.00 USD

ISSN: 1018-5941

Standard No.: 10.5089/9781451872248.001 doi

Subjects--Topical Terms:
Banking
Central Bank
Current Account
External Debt
Optimal Reserves
Reserve Adequacy

Subjects--Geographic Terms:
Antigua and Barbuda
Central African Republic
Grenada
Saint Vincent and the Grenadines
Uruguay