Optimal Reserves in Financially Closed Economies /
Financially closed economies insure themselves against current-account shocks using international reserves. We characterize the optimal management of reserves using an open-economy model of precautionary savings and emphasize several results. First, the welfare-based opportunity cost of reserves dif...
Hovedforfatter: | Jeanne, Olivier |
---|---|
Andre forfattere: | Sandri, Damiano |
Format: | Tidsskrift |
Sprog: | English |
Udgivet: |
Washington, D.C. :
International Monetary Fund,
2016.
|
Serier: | IMF Working Papers; Working Paper ;
No. 2016/092 |
Online adgang: | Full text available on IMF |
Lignende værker
-
The Optimal Level of Foreign Reserves in Financially Dollarized Economies : The Case of Uruguay /
af: Goncalves, Fernando M.
Udgivet: (2007) -
Optimal Reserves in the Eastern Caribbean Currency Union /
af: Samuel, Wendell
Udgivet: (2009) -
External Adjustment and the Optimal Demand for International Reserves.
Udgivet: (1989) -
Closing the Gap
af: Yang
Udgivet: (2013) -
The Closed Hand
af: Tsurumi