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Accounting for Reserves

Accounting for Reserves »

Volume/Issue: 2012/302

Series: IMF Working Papers

Author(s): Tamim Bayoumi , and Christian Saborowski

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 December 2012

DOI: http://dx.doi.org/10.5089/9781475535761.001

ISBN: 9781475535761

Keywords: Reserve accumulation, current account, capital account, current accounts, capital account liberalization, General,

Views on the effectiveness of sterilized reserve intervention vary. Sterilized intervention is generally seen as ineffective in advanced countries while persistent intervention by some emerging markets is often cit...