IMF paper: High international reserves are not panacea for low-income countries


An International Monetary Fund paper published on January 12 says that while international reserves help provide low-income countries with a buffer to withstand shocks during the global financial crisis, higher reserve coverage was not a panacea.

Valerio Crispolti and George Tsibouris, the paper's authors, examine whether international reserves in low-income countries acted as sufficient cushion against large external shocks over the past three decades – including the current global crisis

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: