Hidden Bibliographic Details
| Other authors / contributors: | Sumlinski, Mariusz A.
International Monetary Fund. Middle East and Central Asia Department.
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| ISBN: | 1283514877
9781283514873
1451913567
9781451913569
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| Notes: | Includes bibliographical references (pages 25-27).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | In recent years, the South Caucasus and Central Asia countries (CCA-6) have received significant foreign exchange inflows. While a healthy reserve buffer is desirable to self-insure against external crises, holding international reserves also involves costs. We analyze the adequacy of CCA-6 reserves using widely recognized rules of thumb, and simulate optimal reserve levels applying the Jeanne (2007) model. Both the adequacy measures and the model-based simulations indicate that, with the exception of Tajikistan, CCA-6 reserves had increased to broadly comfortable levels by 2006. More recently, reserve adequacy has been tested in Kazakhstan, which has been affected by the 2007 global liquidity crunch.
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| Other form: | Print version: Floerkemeier, Holger. International reserve trends in the South Caucasus and Central Asia region. Washington, D.C. : International Monetary Fund, Middle East and Central Asia Dept., 2008
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| Standard no.: | 10.5089/9781451913569.001
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