01593cas a2200241 a 4500 AALejournalIMF006263 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451805871 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Bolivia : Selected Issues. Washington, D.C. : International Monetary Fund, 2010. 1 online resource (19 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper derives estimates of optimal levels of reserves for Bolivia, focusing on current account shocks as the key balance of payments risk. Bolivia's foreign reserves are adequate, with an optimal level between 29 percent of GDP and 37 percent of GDP. The accumulation of foreign assets stemmed primarily from a persistent current account surplus, in the context of a crawling peg exchange rate regime. Large current account surpluses followed from major terms of trade improvement after the sharp increase in Bolivia's key export commodity prices during the period 2004-08. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2010/029 Full text available on IMF http://elibrary.imf.org/view/journals/002/2010/029/002.2010.issue-029-en.xml IMF e-Library