International Reserve Adequacy in the Gambia

International Reserve Adequacy in the Gambia
This paper applies intertemporal models of precautionary saving to compute an optimal level of international reserves for The Gambia. The analysis focuses on current account shocks specific to a low-income economy with a significant import component and complements a more standard, rule-of-thumb reserve adequacy assessment. The results suggest a... READ MORE...

Publication date: September 2010
ISBN 9781455208807
$18.00

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