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01630cas a2200241 a 4500 |
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AALejournalIMF005074 |
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|c 5.00 USD
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|z 9781451870084
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a International Monetary Fund.
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|a Foreign Reserve Adequacy in Sub-Saharan Africa.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2008.
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|a 1 online resource (36 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a This paper looks at the question of adequacy of reserves in sub-Saharan African countries in light of the shocks faced by these countries. Literature on optimal reserves so far has not paid attention to the particular shocks facing low-income countries. We use a two-good endowment economy model facing terms of trade and aid shocks to derive the optimal level of reserves by comparing the cost of holding reserves with their benefits as an insurance against a shock. We find that the optimal level of reserves depends upon the size of these shocks, their probability, and the output cost associated with them,.
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|a Mode of access: Internet
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|a IMF Working Papers; Working Paper ;
|v No. 2008/150
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2008/150/001.2008.issue-150-en.xml
|z IMF e-Library
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