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|z 9781451869033
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|a 1018-5941
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|a Floerkemeier, Holger.
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|a International Reserve Trends in the South Caucasus and Central Asia Region /
|c Holger Floerkemeier, Mariusz Sumlinski.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2008.
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|a 1 online resource (27 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 In recent years, the South Caucasus and Central Asia countries (CCA-6) have received significant foreign exchange inflows. While a healthy reserve buffer is desirable to selfinsure against external crises, holding international reserves also involves costs. We analyze the adequacy of CCA-6 reserves using widely recognized rules of thumb, and simulate optimal reserve levels applying the Jeanne (2007) model. Both the adequacy measures and the model-based simulations indicate that, with the exception of Tajikistan, CCA-6 reserves had increased to broadly comfortable levels by 2006. More recently, reserve adequacy has been tested in Kazakhstan, which has been affected by the 2007 global liquidity crunch.
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|a Mode of access: Internet
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|a Sumlinski, Mariusz.
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|a IMF Working Papers; Working Paper ;
|v No. 2008/041
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2008/041/001.2008.issue-041-en.xml
|z IMF e-Library
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