International reserve trends in the South Caucasus and Central Asia region /

International reserve trends in the South Caucasus and Central Asia region /

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Bibliographic Details
Author / Creator:	Floerkemeier, Holger, author.
Imprint:	Washington, D.C. : International Monetary Fund, Middle East and Central Asia Dept., 2008.
Description:	1 online resource (27 pages) : illustrations
Language:	English
Series:	IMF working paper, 2227-8885 ; WP/08/41 IMF working paper ; WP/08/41.
Subject:	Foreign exchange -- Caucasus -- Econometric models. Foreign exchange -- Asia, Central -- Econometric models. Finance -- Caucasus -- Econometric models. Finance -- Asia, Central -- Econometric models. Economic history. Finance -- Econometric models. Foreign exchange -- Econometric models. Caucasus -- Economic conditions -- Econometric models. Asia, Central -- Economic conditions -- Econometric models. Central Asia. Caucasus.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12497526

Hidden Bibliographic Details
Other authors / contributors:	Sumlinski, Mariusz A. International Monetary Fund. Middle East and Central Asia Department.
ISBN:	1283514877 9781283514873 1451913567 9781451913569
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.
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.
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
Standard no.:	10.5089/9781451913569.001

Description
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 selfinsure 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.
Physical Description:	1 online resource (27 pages) : illustrations
Format:	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.
Bibliography:	Includes bibliographical references (pages 25-27).
ISBN:	1283514877 9781283514873 1451913567 9781451913569
ISSN:	2227-8885 ;