000 | 02606nam a22004094a 4500 | ||
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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 |
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020 | _z9781475505559 | ||
022 | _a1018-5941 | ||
024 | 7 |
_a10.5089/9781475505559.001 _2doi |
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035 | _a(IMF)WPIEA2012205 | ||
040 |
_aDcWaIMF _beng |
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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. |
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300 | _a1 online resource (44 p.) | ||
490 | 1 |
_aIMF Working Papers; Working Paper ; _vNo. 12/205 |
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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 |
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650 | 7 |
_aComparative Studies of Countries _2imf |
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650 | 7 |
_aCurrent Account _2imf |
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650 | 7 |
_aDeleveraging _2imf |
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650 | 7 |
_aEconometric Methods: Multiple/Simultaneous Equation Models _2imf |
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650 | 7 |
_aExchange Rate Regimes _2imf |
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651 | 7 |
_aComoros _2imf |
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651 | 7 |
_aDominican Republic _2imf |
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651 | 7 |
_aSri Lanka _2imf |
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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 |