Optimal Precautionary Reserves for Low-Income Countries : A Cost-Benefit Analysis

A Cost-Benefit Analysis

Optimal Precautionary Reserves for Low-Income Countries : A Cost-Benefit Analysis
This paper develops a cost-benefit approach that helps to quantify the optimal level of international reserves in low-income countries, focusing on the role of reserves in preventing and mitigating absorption drops triggered by large external shocks. The approach is applied to a sample of 49 LICs over the period 1980-2008 to yield estimates of... READ MORE...

Publication date: October 2011
ISBN 9781463923280
$18.00

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