International Reserves and Self-Insurance against External Shocks / / Régis Barnichon
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| Autore: |
Barnichon Régis
|
| Titolo: |
International Reserves and Self-Insurance against External Shocks / / Régis Barnichon
|
| Pubblicazione: | Washington, D.C. : , : International Monetary Fund, , 2008 |
| Descrizione fisica: | 1 online resource (23 p.) |
| Disciplina: | 332.450724 |
| Soggetto topico: | Foreign exchange - Econometric models |
| Capital movements - Econometric models | |
| Foreign exchange - Caribbean Area - Econometric models | |
| Capital movements - Caribbean Area - Econometric models | |
| Foreign exchange - Sahel - Econometric models | |
| Capital movements - Sahel - Econometric models | |
| Banks and Banking | |
| Exports and Imports | |
| Natural Disasters | |
| Trade: General | |
| Climate | |
| Natural Disasters and Their Management | |
| Global Warming | |
| Empirical Studies of Trade | |
| Monetary Policy | |
| International economics | |
| Natural disasters | |
| Banking | |
| Exports | |
| Imports | |
| Terms of trade | |
| International reserves | |
| Economic policy | |
| nternational cooperation | |
| Foreign exchange reserves | |
| Soggetto geografico: | Grenada |
| Note generali: | Description based upon print version of record. |
| Nota di bibliografia: | Includes bibliographical references. |
| Nota di contenuto: | Contents; I. Introduction; II. Natural Disasters in the Caribbean and the Sahel; A. Hurricanes in the Caribbean; B. Droughts in the Sahel; III. A model of optimal international reserves; A. The model; B. An approximated closed-form solution for the reserves-to-imports ratio:; IV. Calibration and Numerical Solution; A. Self-insurance against natural disasters; B. Self-insurance against terms of trade shocks; C. Self-insurance against natural disasters and terms of trade shocks; V. Conclusion; References; Appendix 1. List of Countries in Each Group |
| Sommario/riassunto: | The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate. This paper develops an analytical framework that helps to quantify the optimal level of international reserves for a small open economy with limited access to foreign capital and subject to natural disasters or terms of trade shocks. International reserves allow the country to relieve balance of payments pressures caused by external shocks and to avoid large fluctuations in imports. I calibrate the model to two regions, the Caribbean and the Sahel, and assess the sensitivity of the results. |
| Titolo autorizzato: | International Reserves and Self-Insurance against External Shocks |
| ISBN: | 1-4623-3561-6 |
| 1-4527-3697-9 | |
| 1-282-84100-9 | |
| 1-4518-7007-8 | |
| 9786612841002 | |
| Formato: | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione: | Inglese |
| Record Nr.: | 9910788236403321 |
| Lo trovi qui: | Univ. Federico II |
| Opac: | Controlla la disponibilità qui |
Serie:
IMF Working Papers; Working Paper ; ; No. 2008/149