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...
| 第一著者: | |
|---|---|
| フォーマット: | 雑誌 |
| 言語: | English |
| 出版事項: |
Washington, D.C. :
International Monetary Fund,
2007.
|
| シリーズ: | IMF Working Papers; Working Paper ;
No. 2007/265 |
| オンライン･アクセス: | Full text available on IMF |