Precautionary Reserves : An Application to Bolivia /

Using precautionary savings models we compute levels of optimal reserves for Bolivia. Because of Bolivia's reliance on commodity exports and little integration with capital markets, we focus on current account shocks as the key balance of payments risk. These models generate an optimal level of...

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Detalhes bibliográficos
Autor principal: Valencia, Fabian
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 2010.
Colecção:IMF Working Papers; Working Paper ; No. 2010/054
Acesso em linha:Full text available on IMF