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Author : M. June Flanders
Publisher :
ISBN 13 :
Total Pages : 100 pages
Book Rating : 4.31/5 ( download)
Download or read book The Demand for International Reserves written by M. June Flanders and published by . This book was released on 1971 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Anne Y. Kester
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 86 pages
Book Rating : 4.31/5 ( download)
Download or read book International Reserves and Foreign Currency Liquidity written by Anne Y. Kester and published by International Monetary Fund. This book was released on 2001-10-23 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt: International financial crises in the late 1990s revealed that deficiencies in countrieѕђة́ international reserves and related information made it difficult to anticipate and respond to crises by obscuring financial weaknesses and imbalances. This volume sets forth an innovative framework to assess countrieѕђة́ international reserves and foreign currency liquidity. The framework takes account of official balance sheet and off-balance-sheet financial activities, future and potential demand for foreign exchange to meet official obligations, the availability of official foreign currency assets to meet such demand, and official risk exposure to exchange rate fluctuations. This work clarifies what international reserves are, and how international reserves and related information should be strengthened to promote informed decision making in the public and private sectors, thereby helping improve the functioning of global financial markets.
Author : F. Steb Hipple
Publisher :
ISBN 13 :
Total Pages : 60 pages
Book Rating : 4.98/5 ( download)
Download or read book The Disturbances Approach to the Demand for International Reserves written by F. Steb Hipple and published by . This book was released on 1974 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : International Monetary Fund. Statistics Dept.
Publisher : International Monetary Fund
ISBN 13 : 1484350162
Total Pages : 258 pages
Book Rating : 4.64/5 ( download)
Download or read book International Reserves and Foreign Currency Liquidity written by International Monetary Fund. Statistics Dept. and published by International Monetary Fund. This book was released on 2015-01-07 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: This update of the guidelines published in 2001 sets forth the underlying framework for the Reserves Data Template and provides operational advice for its use. The updated version also includes three new appendices aimed at assisting member countries in reporting the required data.
Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1451947321
Total Pages : 30 pages
Book Rating : 4.28/5 ( download)
Download or read book The Demand Cor International Reserves and their Opportunity Cost written by International Monetary Fund and published by International Monetary Fund. This book was released on 1988-12-08 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: An empirical study that shows that countries’ reserve holdings are sensitive to the rates at which they can borrow on international financial markets, this analysis confirms the view that holding major currencies as reserve assets has costs that are frequently unrecognized. Between 1978-82 for 24 sample countries, and between 1978-86 for the same sample less those countries with debt-servicing difficulties, international borrowing costs were found to be a highly significant determinant of reserve holdings—particularly before 1982 for the group with debt difficulties.
Author : Steven A. Bloom
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.24/5 ( download)
Download or read book The demand for international reserves and the less developed countries written by Steven A. Bloom and published by . This book was released on 1980 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1451951841
Total Pages : 30 pages
Book Rating : 4.44/5 ( download)
Download or read book External Adjustment and the Optimal Demand for International Reserves written by International Monetary Fund and published by International Monetary Fund. This book was released on 1989-10-27 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides a theoretical underpinning for the major determinants of optimal reserve demand in the case where fundamental disequilibrium constitutes a key element governing reserve management. Emphasis is given to the role of reserves to smooth the process of economic adjustment by financing part of external disequilibrium, as well as to meet temporary random fluctuations in the excess demand for foreign exchange. The analysis incorporates this financing aspect of reserve holdings into a simple inventory model and discusses the optimal stock of reserves in the context of the optimal mix of adjustment and financing.
Author : Mr.Jaewoo Lee
Publisher : International Monetary Fund
ISBN 13 : 1451862172
Total Pages : 32 pages
Book Rating : 4.71/5 ( download)
Download or read book International Reserves written by Mr.Jaewoo Lee and published by International Monetary Fund. This book was released on 2005-10-01 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper compares the importance of precautionary and mercantilist motives in the hoarding of international reserves by developing countries. Overall, empirical results support precautionary motives; in particular, a more liberal capital account regime increases international reserves. Theoretically, large precautionary demand for international reserves arises as a self-insurance to avoid costly liquidation of long-term projects when the economy is susceptible to sudden stops. The welfare gain from the optimal management of international reserves is of a first-order magnitude, reducing the welfare cost of liquidity shocks from a first-order to a second-order magnitude.
Author : J. de Beaufort Wijnholds
Publisher : Springer Science & Business Media
ISBN 13 : 1468469541
Total Pages : 257 pages
Book Rating : 4.47/5 ( download)
Download or read book The Need for International Reserves and Credit Facilities written by J. de Beaufort Wijnholds and published by Springer Science & Business Media. This book was released on 2013-11-11 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: International monetary economics essentially deals with three problems, viz. the nature and stability of the international monetary system, the balance of payments adjustment process, and international liquidity (reserves and credit facilities). All three categories are interrelated. The exchange rate system has an important bearing on the manner in which the adjustment process functions, as well as on the need for international liquidity. The adjustment process is an important determinant of the need for international liquidity. The adequacy of international liquidity influences the working of the adjustment process. Ultimately, developments in international liquidity and in the adjustment process determine the nature and stability of the international monetary system; a sustained malfunctioning of the adjustment process - brought about by a serious imbalance in international liquidity or by other causes - will bring about a new international monetary system, either through collapse or reform of the old system. This study deals only with the problem of international liquidity. However, it touches on the two other main aspects of international monetary economics insofar as they have a bearing on international reserves and credit facilities. In the literature international liquidity is most often defined as including international reserves (gold, SDRs, foreign exchange and claims on the IMF) and international credit facilities (IMF drawing rights, EEC support arrangements and central bank multilateral and bilateral credit facilities). This definition will also be followed in this study.
Author : Robert P. Flood
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 58 pages
Book Rating : 4.44/5 ( download)
Download or read book Holding International Reserves in an Era of High Capital Mobility written by Robert P. Flood and published by International Monetary Fund. This book was released on 2002-04 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why do countries hold so much international reserves? Global reserve holdings (excluding gold) were equivalent to 17 weeks of imports at the end of 1999. That is almost double what they were at the end of 1960 and about 20 percent higher than they were at the start of the 1990s. In this paper we study countries’ reserve holdings in light of both the increased financial volatility experienced in the last decade and diminished adherence to fixed exchange rates. We find that buffer-stock reserve models work about as well in the modern floating-rate period as they did during the Bretton Woods regime. During both periods, however, the models’ fundamentals explain only a small portion (10-15 percent) of reserves volatility.
