Series: IMF Working Papers
Author(s): Fernando M. Gonçalves
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 November 2007
Keywords: Foreign Reserves, Balance of Payments Crises, Bank Runs, Financial Dollarization, central bank, banking, foreign currency debt, currency debt, reserve accumulation,
This paper extends the framework derived by Jeanne and Rancière (2006) by explicitly incorporating the dollarization of bank deposits into the analysis of the optimal level of foreign reserves for prudential purpos...