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Nivel óptimo de Reservas Internacionales y crisis cambiaria en Colombia

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  • David Fernando LOPEZ ANGARITA

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    Abstract

    El modelo que se desarrolla y propone como alternativa en este trabajo pretende garantizar un monto de reservas internacionales que garantice un `escudo de protección´ contra los choques externos y que a su vez funcione como respaldo amortiguador ante situaciones de urgencia de liquidez, encontrando un monto de reservas que de ser mantenido, evite a Colombia una buena parte de los costos asociados a dichos choques. El enfoque metodológico de nivel óptimo de reservas internacionales utilizado en este trabajo, tiene en cuenta los costos asociados con mantener un stock determinado de reservas. Esta metodología de manejo de las reservas evalúa el costo de oportunidad de las reservas y los costos en los que incurriría la economía colombiana si no dispusiera de ese nivel de reservas `óptimo´.

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    File URL: https://colaboracion.dnp.gov.co/CDT/Estudios%20Econmicos/306.pdf
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    Bibliographic Info

    Paper provided by DEPARTAMENTO NACIONAL DE PLANEACIÓN in its series ARCHIVOS DE ECONOMÍA with number 003273.

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    Length: 81
    Date of creation: 02 May 2006
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    Handle: RePEc:col:000118:003273

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    Keywords: Reservas internacionales óptimas; crisis cambiaria; balanza de pagos; choques externos;

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