Foreign Reserve Adequacy in Sub-Saharan Africa

Foreign Reserve Adequacy in Sub-Saharan Africa
This paper looks at the question of adequacy of reserves in sub-Saharan African countries in light of the shocks faced by these countries. Literature on optimal reserves so far has not paid attention to the particular shocks facing low-income countries. We use a two-good endowment economy model facing terms of trade and aid shocks to derive the... READ MORE...

Publication date: June 2008
ISBN 9781451870084
$18.00

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