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Nivel óptimo de Reservas Internacionales y crisis cambiaria en Colombia

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  • David Fernando LOPEZ ANGARITA

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´.

Suggested Citation

  • David Fernando LOPEZ ANGARITA, 2006. "Nivel óptimo de Reservas Internacionales y crisis cambiaria en Colombia," Archivos de Economía 3273, Departamento Nacional de Planeación.
    • Handle: RePEc:col:000118:003273
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    File URL: https://colaboracion.dnp.gov.co/CDT/Estudios%20Econmicos/306.pdf
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    More about this item

    Keywords

    Reservas internacionales óptimas; crisis cambiaria; balanza de pagos; choques externos;
    All these keywords.

    JEL classification:

    • C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General
    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
    • F3 - International Economics - - International Finance

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