International Reserves in Low Income Countries Have they Served As Buffers?. [electronic resource] :
- Washington, D.C. : International Monetary Fund, 2012.
- 1 online resource (36 p.)
- IMF Working Papers; Working Paper ; No. 12/7 .
- IMF Working Papers; Working Paper ; No. 12/7 .
This paper provides a historical perspective on the role of international reserves in low-income countries as a cushion against large external shocks over the last three decades - including the current global crisis. The results suggest that international reserves have played a role in buffering external shocks, with the resulting macroeconomic costs varying with the nature of the shock, the economy's structural characteristics, and the level of reserves.
1463930569 : 18.00 USD
1018-5941
10.5089/9781463930561.001 doi
Current Account
Exchange Rate Regime
Exogenous Shocks
Reserve Adequacy
Reserve Holdings
Terms of Trade
Bhutan
Central African Republic
Congo, Democratic Republic of the
Guinea
Saint Vincent and the Grenadines
This paper provides a historical perspective on the role of international reserves in low-income countries as a cushion against large external shocks over the last three decades - including the current global crisis. The results suggest that international reserves have played a role in buffering external shocks, with the resulting macroeconomic costs varying with the nature of the shock, the economy's structural characteristics, and the level of reserves.
1463930569 : 18.00 USD
1018-5941
10.5089/9781463930561.001 doi
Current Account
Exchange Rate Regime
Exogenous Shocks
Reserve Adequacy
Reserve Holdings
Terms of Trade
Bhutan
Central African Republic
Congo, Democratic Republic of the
Guinea
Saint Vincent and the Grenadines