Fig 28. Factors used to calculate reserve adequacy (% citations) Rank 1
Rank 2 Rank 3 Rank 4
Import coverage
6 6 Short-term debt coverage
6 GDP coverage
ey 3 Money supply
6 3} Capital flight oy 3 Current account deficit
Exchange rate regime
Sample comprises of central banks only. Key denotes each factors' level of importance according to central banks. Rankings split into four categories in descending order with rank 1=most important. Rating scored as of Q1 of the given year. Sample=31.
Fig 29. Net increase in foreign currency reserves (% AUM)
DM High FME DM Low FME EM Sovereigns
Sample size shown in grey. DM High FME=High financial market dependency. DM Low FME=Low financial market dependency.
Fig 30. Level of reserves adequacy (% citations) Ample Sufficient Insufficient DM High FME DM Low FME EM 14
Sample comprises of central banks only. Sample size shown in grey.
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