상세정보
Export to Refworks부가기능
How much should I hold? : Reserve adequacy in emerging markets and small islands
상세 프로파일
| 자료유형 | 단행본 |
|---|---|
| 서명/저자사항 | How much should I hold? : Reserve adequacy in emerging markets and small islands/ prepared by Nkunde Mwase. |
| 개인저자 | Mwase, Nkunde,author. |
| 단체저자명 | International Monetary Fund. Strategy, Policy, and Review Department. |
| 발행사항 | [Washington, D.C.]: International Monetary Fund, ?012. |
| 형태사항 | 1 online resource (44 pages). |
| 총서사항 | IMF working paper;WP/12/205 |
| ISBN | 1475529406 9781475529401 |
| 일반주기 |
Title from PDF title page (IMF Web site, viewed Aug. 14, 2012).
"Strategy Policy and Review Department." "August 2012." |
| 서지주기 | Includes bibliographical references. |
| 요약 | This paper investigates the drivers of reserves in emerging markets (EMs) and small island (SIs) and develops an operational metric for estimating reserves in SIs taking into account their unique characteristics. It uses quantile regression techniques to allow the estimated factors driving reserves holdings to vary along the reserves' holding distribution and tests for equality among the slope coefficients of the various quantile regressions and the overall models. F-tests comparing the inter-quantile differences could not reject the null that the models for the different quantiles of SIs reserve distribution were similar but this was rejected for EMs distribution suggesting that models explaining drivers of reserve holdings should take into account the country's reserve holdings. Empirical analysis suggests that the metric performs better than existing metrics in reducing crisis probabilities in SIs. |
| 주제명(지명) | Developing countries. --fast |
| 일반주제명 | Foreign exchange reserves --Developing countries. BUSINESS & ECONOMICS --Finance. Foreign exchange reserves. |
| 언어 | 영어 |
| 바로가기 |  |
