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

Working Paper No. 12/205

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 holdings to vary along the reserves' holding... READ MORE...

Publication date: August 2012
ISBN 9781475505559

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Publication date: August 2012