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Assessing Reserve Adequacy in Low-Income Countries (Occasional Papers)

Mr. V. Crispolti, Ms. Era Dabla-Norris, Mr. Jun Il Kim




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 | #4295696 in eBooks |  2013-03-08 |  2013-03-08 | File type: PDF

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Low-income countries routinely experience exogenous disturbances—sharp swings in the terms of trade, export demand, natural disasters, and volatile financial flows—that contribute to higher volatility in aggregate output and consumption compared with other countries. Assessing Reserve Adequacy in Low-Income Countries presents the findings of an analysis of a range of external shocks faced by these countries, beginning with a discussion of the impact of extern...

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