Hidden Bibliographic Details
| Other authors / contributors: | International Monetary Fund. Finance Department, issuing body.
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| ISBN: | 128356887X
9781283568876
9781455208289
1455208280
9781455208807
1455208809
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| Notes: | Includes bibliographical references.
Print version record.
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| Summary: | This paper applies intertemporal models of precautionary saving to compute an optimal level of international reserves for The Gambia. The analysis focuses on current account shocks specific to a low-income economy with a significant import component and complements a more standard, rule-of-thumb reserve adequacy assessment. The results suggest a central range from 4.5 months to 7 months of imports, which is broadly aligned with the recent actual coverage. Notwithstanding parameter sensitivity, the simulations allow for more informed policy decisions that balance flexibility with a prudent approach to reserve use.
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| Other form: | Print version: Tereanu, Eugen. International Reserve Adequacy in The Gambia. Washington : International Monetary Fund, ©2010 9781455208807
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