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|z 9781455208807
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Tereanu, Eugen.
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|a International Reserve Adequacy in the Gambia /
|c Eugen Tereanu.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2010.
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|a 1 online resource (16 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 applies intertemporal models of precautionary saving to compute an optimal level of international reserves for The Gambia. The analysis focuses on current account shocks specific to a low-income economy with a significant import component and complements a more standard, rule-of-thumb reserve adequacy assessment. The results suggest a central range from 4.5 months to 7 months of imports, which is broadly aligned with the recent actual coverage. Notwithstanding parameter sensitivity, the simulations allow for more informed policy decisions that balance flexibility with a prudent approach to reserve use.
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|a Mode of access: Internet
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|a IMF Working Papers; Working Paper ;
|v No. 2010/215
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2010/215/001.2010.issue-215-en.xml
|z IMF e-Library
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