TY  - BOOK
AU  - Samuel,Wendell A.
AU  - Dehesa,Mario
AU  - Pineda,Emilio
AU  - Samuel,Wendell A.
TI  - Optimal Reserves in the Eastern Caribbean Currency Union
T2  - IMF Working Papers; Working Paper
SN  - 1451872240 :
SN  - 1018-5941
PY  - 2009///
CY  - Washington, D.C.
PB  - International Monetary Fund
KW  - Banking
KW  - imf
KW  - Central Bank
KW  - Current Account
KW  - External Debt
KW  - Optimal Reserves
KW  - Reserve Adequacy
KW  - Antigua and Barbuda
KW  - Central African Republic
KW  - Grenada
KW  - Saint Vincent and the Grenadines
KW  - Uruguay
N2  - 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
UR  - http://elibrary.imf.org/view/IMF001/10069-9781451872248/10069-9781451872248/10069-9781451872248.xml
UR  - http://www.imfbookstore.org/IMFORG/9781451872248
ER  -