How much should I hold? : Reserve Adequacy in Emerging Markets and Small Islands /

This paper investigates the drivers of reserves in emerging markets (EMs) and small island (SIs) and develops an operational metric for estimating reserves in SIs taking into account their unique characteristics. It uses quantile regression techniques to allow the estimated factors driving reserves...

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Bibliographic Details
Main Author: Mwase, Nkunde
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2012.
Series:IMF Working Papers; Working Paper ; No. 2012/205
Online Access:Full text available on IMF