The Optimal Level of Foreign Reserves in Financially Dollarized Economies : The Case of Uruguay /
This paper extends the framework derived by Jeanne and Ranciere (2006) by explicitly incorporating the dollarization of bank deposits into the analysis of the optimal level of foreign reserves for prudential purposes. In the extended model, a sudden stop in capital flows occurs in tandem with a run...
| Autor principal: | |
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| Formato: | Periódico |
| Idioma: | English |
| Publicado em: |
Washington, D.C. :
International Monetary Fund,
2007.
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| coleção: | IMF Working Papers; Working Paper ;
No. 2007/265 |
| Acesso em linha: | Full text available on IMF |