Reserve Adequacy in Emerging Market Economics

Nopic
This paper analyzes reserve adequacy in emerging market countries. It argues that the old rule of thumb of maintaining reserves equivalent to three months of imports has become obsolete and that, instead, a new benchmark is needed which takes into account the increased importance of capital flows. The paper suggests such a benchmark, consisting... READ MORE...

Publication date: September 2001
ISBN 9781451856347
$15.00

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