Advanced Search
MyIDEAS: Login

Nivel óptimo y adecuado de reservas internacionales

Contents:

Author Info

  • Gerencia Técnica-Banco de la República

    ()

Registered author(s):

    Abstract

    Al administrar reservas internacionales los bancos centrales generalmente se enfrentan al problema de determinar su nivel óptimo o adecuado. En este documento se presenta una revisión crítica de algunas metodologías para el cálculo del saldo óptimo de reservas, así como un conjunto de indicadores de liquidez internacional cuya combinación arroja luces sobre el nivel adecuado de reservas internacionales de acuerdo con un método reciente propuesto por el Fondo Monetario Internacional (FMI). A través de diferentes ejercicios, se ilustra la alta sensibilidad de los resultados de los modelos sobre el nivel “óptimo” de reservas ante variaciones factibles de sus parámetros. Adicionalmente estos modelos suponen un nivel dado de pasivos externos de corto plazo del país. Estos factores limitan de forma significativa la utilidad práctica de estos modelos en la administración de las reservas internacionales.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.banrep.gov.co/docum/ftp/be_727.pdf
    Our checks indicate that this address may not be valid because: 404 Not Found (http://www.banrep.gov.co/docum/ftp/be_727.pdf [302 Found]--> http://www.banrep.gov.co/sites/default/files/publicaciones/archivos/be_727.pdf). If this is indeed the case, please notify (Norma Judith Paternina)
    Download Restriction: no

    Bibliographic Info

    Paper provided by BANCO DE LA REPÚBLICA in its series BORRADORES DE ECONOMIA with number 009871.

    as in new window
    Length: 16
    Date of creation: 08 Aug 2012
    Date of revision:
    Handle: RePEc:col:000094:009871

    Contact details of provider:

    Related research

    Keywords:

    This paper has been announced in the following NEP Reports:

    References

    References listed on IDEAS
    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
    as in new window
    1. Guillermo A. Calvo & Alejandro Izquierdo & Rudy Loo-Kung, 2012. "Optimal Holdings of International Reserves: Self-Insurance against Sudden Stop," NBER Working Papers 18219, National Bureau of Economic Research, Inc.
    2. Ben-Bassat, Avraham & Gottlieb, Daniel, 1992. "Optimal international reserves and sovereign risk," Journal of International Economics, Elsevier, vol. 33(3-4), pages 345-362, November.
    Full references (including those not matched with items on IDEAS)

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:col:000094:009871. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Norma Judith Paternina).

    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.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 profile, as there may be some citations waiting for confirmation.

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