IDEAS home Printed from https://ideas.repec.org/p/bku/doctra/2011015.html
   My bibliography  Save this paper

Un enfoque de Acceso-en-Riesgo para los Activos de Reserva

Author

Listed:
  • Ana María Ibarra

    (Banco Central del Uruguay)

  • Daniel Dominioni

    (Banco Central del Uruguay)

  • Gerardo Licandro

    (Banco Central del Uruguay)

  • Umberto Della Mea

    (Banco Central del Uruguay)

Abstract

Este documento propone una métrica para la evaluación del monto de activos externos de reserva de la autoridad monetaria. Si bien el tradicional concepto de optimalidad es de compleja aplicación empírica en estos casos, es posible determinar con cierto nivel de probabilidad los riesgos que el banco central puede desear cubrir con sus reservas precautorias. Para ello, se propone una metodología asimilable a un valor-enriesgo en dos etapas, donde se define endógenamente el período en el cual las reservas pueden ser requeridas mientras que, en una segunda etapa, estos riesgos se cuantifican para un cierto nivel de significación.

Suggested Citation

  • Ana María Ibarra & Daniel Dominioni & Gerardo Licandro & Umberto Della Mea, 2011. "Un enfoque de Acceso-en-Riesgo para los Activos de Reserva," Documentos de trabajo 2011015, Banco Central del Uruguay.
    • Handle: RePEc:bku:doctra:2011015
    as

    Download full text from publisher

    File URL: https://www.bcu.gub.uy/Estadisticas-e-Indicadores/Documentos%20de%20Trabajo/15.2011.pdf
    File Function: First version, 2011
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Yavuz Arslan & Carlos Cantú, 2019. "The size of foreign exchange reserves," BIS Papers chapters, in: Bank for International Settlements (ed.), Reserve management and FX intervention, volume 104, pages 1-23, Bank for International Settlements.
    2. Cristian Camilo Porras-Alarcón, 2020. "Una aproximación a los determinantes de acumulación de reservas internacionales en economías emergentes," Borradores de Economia 1126, Banco de la Republica de Colombia.

    More about this item

    JEL classification:

    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • F31 - International Economics - - International Finance - - - Foreign Exchange

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bku:doctra:2011015. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Biblioteca Especializada (email available below). General contact details of provider: https://edirc.repec.org/data/bcugvuy.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.