International Reserves in Low Income Countries : Have they Served As Buffers?.

This paper provides a historical perspective on the role of international reserves in low-income countries as a cushion against large external shocks over the last three decades - including the current global crisis. The results suggest that international reserves have played a role in buffering ext...

Szczegółowa specyfikacja

Opis bibliograficzny
Korporacja: International Monetary Fund
Format: Czasopismo
Język:English
Wydane: Washington, D.C. : International Monetary Fund, 2012.
Seria:IMF Working Papers; Working Paper ; No. 2012/007
Dostęp online:Full text available on IMF
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245 1 0 |a International Reserves in Low Income Countries :   |b Have they Served As Buffers?. 
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520 3 |a This paper provides a historical perspective on the role of international reserves in low-income countries as a cushion against large external shocks over the last three decades - including the current global crisis. The results suggest that international reserves have played a role in buffering external shocks, with the resulting macroeconomic costs varying with the nature of the shock, the economy's structural characteristics, and the level of reserves. 
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830 0 |a IMF Working Papers; Working Paper ;  |v No. 2012/007 
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