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Reserve Adequacy in Emerging Market Economics

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Description:This paper analyzes reserve adequacy in emerging market countries. It argues that the old rule of thumb of maintaining reserves equivalent to three months of imports has become obsolete and that, instead, a new benchmark is needed which takes into account the increased importance of capital flows. The paper suggests such a benchmark, consisting of the sum of short-term debt on a residual maturity basis (the external drain) and an allowance for possible capital flight (the internal drain), taking into account differences in country risk and exchange rate regime.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Reserve Adequacy in Emerging Market Economics. To get started finding Reserve Adequacy in Emerging Market Economics, you are right to find our website which has a comprehensive collection of manuals listed.
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Pages: 100

Format: PDF, EPUB & Kindle Edition

Publisher: —

Release: 2001

ISBN: 661380004X

Description: This paper analyzes reserve adequacy in emerging market countries. It argues that the old rule of thumb of maintaining reserves equivalent to three months of imports has become obsolete and that, instead, a new benchmark is needed which takes into account the increased importance of capital flows. The paper suggests such a benchmark, consisting of the sum of short-term debt on a residual maturity basis (the external drain) and an allowance for possible capital flight (the internal drain), taking into account differences in country risk and exchange rate regime.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Reserve Adequacy in Emerging Market Economics. To get started finding Reserve Adequacy in Emerging Market Economics, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

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Reserve Adequacy in Emerging Market Economics

Reserve Adequacy in Emerging Market Economics

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