Series: IMF Working Papers
Author(s): Stanley Watt , Donal McGettigan , and Saade Chami
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 May 2007
Keywords: Foreign Reserves, Sudden Steps, Capital Flow, reserve holdings, short-term debt, current account deficit, current account, external debt, International Lending and Debt Problems,
Jordan has seen a large increase in its international reserve holdings in recent years. While a healthy reserve buffer is needed under a fixed exchange rate regime, determining optimal reserve levels is not straigh...