Series: Policy Papers
Author(s): International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 14 February 2011
Keywords: Banks, Economic models, Emerging markets, External shocks, Foreign exchange, Reserves, Reserves adequacy, Financial crises, Real interest rates, Exchange rate regimes
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 a...