Review of the Adequacy of the Fund's Precautionary Balances.

The paper reviews the adequacy of the Fund's precautionary balances and proposes a more transparent and rules-based framework for adjusting the precautionary balance target through time. The framework seeks to provide sufficient flexibility to capture the main elements considered relevant by th...

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Autor corporatiu: International Monetary Fund
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 2010.
Col·lecció:Policy Papers; Policy Paper ; No. 2010/077
Accés en línia:Full text available on IMF
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520 3 |a The paper reviews the adequacy of the Fund's precautionary balances and proposes a more transparent and rules-based framework for adjusting the precautionary balance target through time. The framework seeks to provide sufficient flexibility to capture the main elements considered relevant by the Board in the past when setting the target and draws on approaches followed by other IFIs, adapted to the particular circumstances of the Fund. 
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