Since 2014
El Nivel Adecuado de Reservas Internacionales: Notas para el Caso Venezolano
Economic Analysis Review
View Archive Info| Field | Value | |
| Title |
El Nivel Adecuado de Reservas Internacionales: Notas para el Caso Venezolano
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| Creator |
Vera, Leonardo
Zambrano SequÃn, Luis |
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| Description |
Based on a standard set of factors pointed out by the literature we analyze the recent and rapid accumulation of international reserves in Venezuela. Among other things, we characterize the Venezuelan case and conduct a statistical analysis using a quarterly time series model between 1996 and 2004. The specification follows closely Aizenman and Marion (2002). Both a static and dynamic econometric version of the model allows us to report some of the factors that influence the decision to hold foreign exchange reserves. When we calculate the adequate level of reserves, using the econometric specifications, we found that excess reserves are not currently high and that the results do not diverge much from the traditional Heller’s methodology. Finally, we undertake an evaluation of the alternatives pointed out for excess reserves manage-ment in Venezuela.
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| Publisher |
Universidad Alberto Hurtado - Facultad de Economía y Negocios
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| Contributor |
—
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| Date |
2010-03-02
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — — |
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| Format |
application/pdf
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| Identifier |
http://www.rae-ear.org/index.php/rae/article/view/46
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| Source |
Revista de Análisis Económico - Economic Analysis Review; Vol 20, No 1 (2005); 63-94
Revista de Análisis Económico – Economic Analysis Review; Vol 20, No 1 (2005); 63-94 0718-8870 0716-5927 |
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| Language |
spa
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| Relation |
http://www.rae-ear.org/index.php/rae/article/view/46/90
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