International reserves and self-insurance against external shocks

International reserves and self-insurance against external shocks /

This paper develops an analytical framework that helps to quantify the optimal level of international reserves for a small open economy with limited access to foreign capital and subject to natural disasters or terms of trade shocks. International reserves allow the country to relieve balance of pay...

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Bibliographic Details
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Main Author: Barnichon, Régis (Author)
Corporate Author: International Monetary Fund. Policy Development and Review Department
Format: Electronic eBook
Language:English
Published: Washington, D.C. : International Monetary Fund, Policy Development and Review Dept., 2008
Series:IMF working paper ; WP/08/149.
Subjects:
Foreign exchange > Econometric models.
Capital movements > Econometric models.
Foreign exchange > Caribbean Area > Econometric models.
Capital movements > Caribbean Area > Econometric models.
Foreign exchange > Sahel > Econometric models.
Capital movements > Sahel > Econometric models.
Local Note:ProQuest Ebook Central

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