Assessing Reserve Adequacy

The dramatic increase in reserves holdings over the past decade has resumed since the global financial crisis, even at an accelerated pace. While the crisis has heightened perceptions of the importance of holding adequate reserves, there is little consensus on what constitutes an adequate level from...

Full description

Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2011
Series:Policy Papers
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
LEADER 01372nmm a2200229 u 4500
001 EB002080618
003 EBX01000000000000001220708
005 00000000000000.0
007 cr|||||||||||||||||||||
008 220928 ||| eng
020 |a 9781498339360 
245 0 0 |a Assessing Reserve Adequacy 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2011 
300 |a 49 pages 
710 2 |a International Monetary Fund 
041 0 7 |a eng  |2 ISO 639-2 
989 |b IMF  |a International Monetary Fund 
490 0 |a Policy Papers 
028 5 0 |a 10.5089/9781498339360.007 
856 4 0 |u http://elibrary.imf.org/view/journals/007/2011/008/007.2011.issue-008-en.xml  |x Verlag  |3 Volltext 
082 0 |a 330 
520 |a The dramatic increase in reserves holdings over the past decade has resumed since the global financial crisis, even at an accelerated pace. While the crisis has heightened perceptions of the importance of holding adequate reserves, there is little consensus on what constitutes an adequate level from a precautionary perspective: traditional metrics are narrowly-based and often provide conflicting signals; while newer approaches tend to be hostage to stylized modeling assumptions and calibrations. As a result, assessments tend to rely on comparisons with peers, probably amplifying the upward trend as perceived needs rise in line with actual holdings