000 02606nam a22004094a 4500
001 WPIEA2012205
003 IMF
005 20190408082032.0
006 m o d
007 cr cn|||||||||
008 020129s2012 dcu o i00 0 eng d
020 _a1475505558 :
_c18.00 USD
020 _z9781475505559
022 _a1018-5941
024 7 _a10.5089/9781475505559.001
_2doi
035 _a(IMF)WPIEA2012205
040 _aDcWaIMF
_beng
100 1 _aMwase, Nkunde.
245 1 0 _aHow much should I hold? Reserve Adequacy in Emerging Markets and Small Islands
_h[electronic resource] /
_cNkunde Mwase.
260 _aWashington, D.C. :
_bInternational Monetary Fund,
_c2012.
300 _a1 online resource (44 p.)
490 1 _aIMF Working Papers; Working Paper ;
_vNo. 12/205
520 3 _aThis paper investigates the drivers of reserves in emerging markets (EMs) and small island (SIs) and develops an operational metric for estimating reserves in SIs taking into account their unique characteristics. It uses quantile regression techniques to allow the estimated factors driving reserves holdings to vary along the reserves' holding distribution and tests for equality among the slope coefficients of the various quantile regressions and the overall models. F-tests comparing the inter-quantile differences could not reject the that the models for the different quantiles of SIs reserve distribution were similar but this was rejected for EMs distribution suggesting that models explaining drivers of reserve holdings should take into account the country's reserve holdings. Empirical analysis suggests that the metric performs better than existing metrics in reducing crisis probabilities in SIs.
588 _aDescription based on print version record.
650 7 _aBalance of Payments
_2imf
650 7 _aComparative Studies of Countries
_2imf
650 7 _aCurrent Account
_2imf
650 7 _aDeleveraging
_2imf
650 7 _aEconometric Methods: Multiple/Simultaneous Equation Models
_2imf
650 7 _aExchange Rate Regimes
_2imf
651 7 _aComoros
_2imf
651 7 _aDominican Republic
_2imf
651 7 _aSri Lanka
_2imf
776 0 8 _iPrint Version:
_aMwase, Nkunde.
_tHow much should I hold? Reserve Adequacy in Emerging Markets and Small Islands
_dWashington, D.C. : International Monetary Fund, 2012.
_z9781475505559
830 0 _aIMF Working Papers; Working Paper ;
_vNo. 12/205
856 4 0 _uhttp://elibrary.imf.org/view/IMF001/13048-9781475505559/13048-9781475505559/13048-9781475505559.xml
_zIMF e-Library
856 4 0 _uhttp://www.imfbookstore.org/IMFORG/9781475505559
_zIMF Book Store
999 _c165310
_d165310