Survey of Reserve Managers: Lessons from the Crisis

May 8, 2013

Preview Citation

Format: Chicago

Aideen Morahan, and Christian B. Mulder Survey of Reserve Managers: Lessons from the Crisis, (USA: International Monetary Fund, 2013) accessed December 26, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

This paper reports in detail on a survey that was circulated to reserve managing central banks of IMF member countries in April 2012. The survey aims to gain further insight into how reserve managers have reacted to the crisis to date. The survey also aims to understand how reserve managers arrive at their strategic asset allocation and how they operate their risk management frameworks in practice. Some of the key themes that emerge from the survey include potential procyclical and counter cyclical behavior by reserve managers, increased focus placed on returns and wide variability across countries in how the currency composition of reserves is derived.

Subject: Banking, Central banks, Credit ratings, Credit risk, Currencies, Financial crises, Financial regulation and supervision, Money, Reserves management

Keywords: Central bank, Credit ratings, Credit risk, Currencies, Currency composition, Currency risk, Excess reserves, Flight to quality, Foreign Currency Reserves, Global, International Reserves, Lower income country, Mechanisms well, Official Reserves, Reallocation strategy, Reserve manager, Reserves management, WP, Yield

Publication Details

Pages:

34
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2013/099
Stock No:

WPIEA2013099
ISBN:

9781484308486
ISSN:

1018-5941

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