Series: IMF Working Papers
Author(s): International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 June 2008
Keywords: Balance of Payments Crises, Terms of Trade and Aid Shocks, terms of trade, terms of trade shock, trade shock, tradable goods, terms of trade shocks,
This paper looks at the question of adequacy of reserves in sub-Saharan African countries in light of the shocks faced by these countries. Literature on optimal reserves so far has not paid attention to the particu...