Results 221 to 230 of about 3,012 (265)

Foreign exchange reserve adequacy and exogenous shocks

Applied Economics, 2015
ABSTRACTOne of the traditional benchmarks in international macroeconomics is that a country should maintain reserves that can cover at least 12 weeks of imports. The notion of reserve adequacy, however, is not static and is intimately associated with the occurrence of financial crises as well as exogenous shocks, with many observers using the reduction
Winston Moore, Adrian Glean
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Management of Canada’s Foreign Exchange Reserves

2020
Canada’s foreign exchange reserves are owned by the federal government, but jointly managed under a relatively unique framework that is based on a partnership between the government and the central bank. This partnership is supported by a well-defined governance structure that ensures that the reserve portfolio is appropriately structured to meet its ...
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Decomposing exchange rate risk of Chinese foreign exchange reserves

2008 International Conference on Management Science and Engineering 15th Annual Conference Proceedings, 2008
Exchange rate risk is one of the most important risks that Chinese government must face when dealing with foreign exchange reserves (also called Forex reserves). In order to meet the requirement of Forex reserves management, Forex reserves decomposition is required because it can offer the way each asset and its marginal change influence the whole ...
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Essays on Foreign Exchange Reserve Accumulation

2017
I study the effect of foreign exchange reserve accumulation on domestic financial markets. Central banks sterilize reserve purchases through sales and issuance of domestic debts. Therefore, reserves are funded by central banks' domestic borrowing. Public borrowing affects credit allocation in domestic financial markets.
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How to Manage China's Foreign Exchange Reserves?

SSRN Electronic Journal, 2007
Financial crisis is not a new term to the world and has been through the financial globalization in the past decades. Many developing countries choose to stockpile a large amount of foreign exchange reserves to protect their economy from external shocks.
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Revised Guidelines for Foreign Exchange Reserve Management

Policy Papers, 2013
The 2013 revision of the Guidelines was carried out by the IMF staff, supported by a small Working Group of central banks and monetary authorities from China, India, Israel, Italy, Mexico, Japan, Russia, Saudi Arabia, Switzerland, the European Central Bank, and the Bank for International Settlements, and The World Bank acting as reviewer in the process.
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Foreign Exchange Reserves Management [PDF]

For many countries, especially in the emerging markets, the official foreign exchange reserves are both a major national asset and a crucial tool of monetary and exchange rate policy. It is vital therefore that this national resource is used and managed wisely and effectively. Managment of reserves is a complex and time-consuming business.
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The optimal composition of foreign exchange reserves

Journal of International Economics, 1980
Abstract This paper presents a model for selecting an optimal foreign exchange reserves portfolio for semi-industrial and developing countries, using the mean—approach. The model described here focuses on the relationship between the composition of reserves and that of imports, as well as the impact of return and risk of the investments in each ...
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International Practices in Foreign Exchange Reserves Management

World Economy and International Relations, 2016
The paper explores modern international practices in foreign exchange reserves management. First, key goals of FX reserves management are presented. According to the goals, there are two dimensions of reserve portfolio management that are employed by monetary authorities: achieving optimal size of the portfolio and constructing optimal structure of the
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Foreign Exchange Reserves and the Reserve Bank’s Balance Sheet [PDF]

, 2012
The Reserve Bank of Australia holds and manages the nation’s foreign exchange reserve assets in order to meet its policy objectives. While Australia’s foreign exchange reserves are relatively modest by international standards, they nonetheless constitute a sizeable portion of the Bank’s balance sheet, and variations in the Australian dollar value of ...
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