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Titolo: | International Reserves in Low Income Countries : : Have they Served As Buffers? |
Pubblicazione: | Washington, D.C. : , : International Monetary Fund, , 2012 |
Descrizione fisica: | 1 online resource (38 p.) |
Soggetto topico: | Foreign exchange reserves - Developing countries |
Finance, Public - Developing countries | |
Banks and Banking | |
Exports and Imports | |
Macroeconomics | |
Macroeconomic Analyses of Economic Development | |
Open Economy Macroeconomics | |
Development Planning and Policy: Trade Policy | |
Factor Movement | |
Foreign Exchange Policy | |
Monetary Policy | |
Empirical Studies of Trade | |
Trade: General | |
Macroeconomics: Consumption | |
Saving | |
Wealth | |
International Investment | |
Long-term Capital Movements | |
International economics | |
Banking | |
Finance | |
International reserves | |
Terms of trade | |
Imports | |
Consumption | |
Foreign direct investment | |
Foreign exchange reserves | |
Economic policy | |
nternational cooperation | |
Economics | |
Investments, Foreign | |
Note generali: | Description based upon print version of record. |
Nota di bibliografia: | Includes bibliographical references. |
Nota di contenuto: | Cover; Contents; I. Introduction; II. Event Study Analysis: 1980-2007; A. Methodology; Figures; 1. Definition of Shock Episodes; 2. Identifying the Cost Associated with a Shock; B. Anatomy of Shocks; Tables; 1. Frequency and Size of Shocks; C. Macroeconomic Impact and Cost of Shocks; 2. Frequency and Size of Shocks by Region; 3. Macroeconomic Impact of Shocks; 4. Costs by Type Shocks; D. The Role of International Reserves; 5. Annual Losses and Level of Reserves; E. Robustness Analysis; 6. Costs of External Shocks by Variable and Type of Shock; 3. Frequency and Size of Shocks (25th Percentile) |
7. Costs of External Shocks by Variable and Type of Shock (25th percentile)4. Frequency and Size of Shocks(Whole Sample Distribution); 8. Costs of External Shocks by Variable and Type of Shock (Whole Sample Distribution); 9. Macroeconomic Performance by Level of Reserves and Structural Characteristics ("Closed" Events); III. Global Financial Crisis: 2008-2010; 10. Macroeconomic Impact of the Crisis; 11. Macroeconomic Impact of the Crisis by Level of Reserves; 12. Macroeconomic Performance by Level of Reserves and Structural Characteristics; IV. Conclusions; V. References; VI. Appendix | |
A.1: List of VariablesA.2: List of Countries and Structural Characteristics of the Economy; A.3: Shock Variables (1980-2007)-Summary Statistics; A.4: Macroeconomic Variables (1980-2007)-Summary Statistics; A.5: Macroeconomic Impact of Shocks; A.6: Macroeconomic Impact of Shocks (continued); A.1: GDP and Consumption Costs by Type of Shock; A.2: GDP and Consumption Costs by Type of Shock (continued); A.3: GDP Costs by Type of Shock and Level of Reserves; A.4: GDP Costs by Type of Shock and Level of Reserves (continued); A.5: Consumption Costs by Type of Shock and Level of Reserves | |
A.6: Consumption Costs by Type of Shock and Level of Reserves (continued)A.7: SDR Allocation; A.8: Macroeconomic Impact of the Crisis | |
Sommario/riassunto: | This paper provides a historical perspective on the role of international reserves in low-income countries as a cushion against large external shocks over the last three decades - including the current global crisis. The results suggest that international reserves have played a role in buffering external shocks, with the resulting macroeconomic costs varying with the nature of the shock, the economy's structural characteristics, and the level of reserves. |
Titolo autorizzato: | International Reserves in Low Income Countries |
ISBN: | 1-4639-5082-9 |
1-4639-6854-X | |
1-4639-3574-9 | |
Formato: | Materiale a stampa |
Livello bibliografico | Monografia |
Lingua di pubblicazione: | Inglese |
Record Nr.: | 9910789906103321 |
Lo trovi qui: | Univ. Federico II |
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