Series: IMF Working Papers
Author(s): Eugen Tereanu
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 September 2010
Keywords: Reserve adequacy, Optimal reserves, exchange rate, reserve accumulation, International Finance: General, Gambia,
This paper applies intertemporal models of precautionary saving to compute an optimal level of international reserves for The Gambia. The analysis focuses on current account shocks specific to a low-income economy...