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Nivel de reservas internacionales y riesgo cambiario en Colombia Author info | Abstract | Publisher info | Download info | Related research | Statistics David Fernando López Angarita () (FiduPrevisora S. A.)
The optimal reserve level theory aims to protect the economy against external shocks to its balance of payments, providing the international liquidity needed in emergency situations. The methodological applications available have limitations that compromise the results of the analysis of the optimal level in Colombia. This article offers an alternative approach to optimal international reserves and a consistent methodological framework to overcome these limitations and add trust to the monetary authorities and international agents.
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Article provided by Universidad Externado de Colombia - Facultad de Economía in its journal Revista de Economía Institucional .
Volume (Year): 8 (2006)
Issue (Month): 15 (July-December)
Pages: 117-159
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Handle: RePEc:rei:ecoins:v:8:y:2006:i:15:p:117-159Contact details of provider: Postal: Cra. 1 No. 12-68 Casa de las Mandolinas Phone: (571) 2826066 Ext. 1307 Fax: (571) 2826066 Ext. 1304 Email: Web page: http://www.economiainstitucional.com More information through EDIRC
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Keywords: international reserves ; exchange risk ; external shocks ; international liquidity ; Other versions of this item:
Find related papers by JEL classification: E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
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