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Growth of China's foreign exchange reserve
China Economic Journal, 2008China's growing foreign exchange reserve is estimated to exceed $2 trillion by 2010. The purpose of its paper is to examine its impact on the balance sheet of the Chinese central bank, the money supply and the bond market. The paper will then move on to discuss its social welfare effect by comparing the estimated future return of the foreign exchange ...
Zhang Shuguang, Zhang Bin
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On the upsurge of foreign exchange reserves in India
Journal of Policy Modeling, 2006Abstract The volatility of reserve increment and opportunity cost of reserve holding play prime role in models of reserve demand. However, skewness in the data on incremental reserve produces bias in coefficient estimates and instability in reserve demand function when volatility is measured as rolling standard deviation of reserve increment.
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The optimal composition of foreign exchange reserves
Journal of International Economics, 1980Abstract 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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The Currency Composition of Foreign Exchange Reserves
Staff Papers - International Monetary Fund, 1989Determinants of the currency composition of foreign exchange reserves are examined for both industrial and developing countries. Empirical results indicate that the currency composition of reserves during the period 1976-85 has been influenced by each country's exchange rate arrangements, trade flows with reserve-currency countries, and the currency in
Michael P. Dooley +2 more
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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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Essays on Foreign Exchange Reserve Accumulation
2017I 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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Guidelines for Foreign Exchange Reserve Management
2004These guidelines are intended to assist countries in strengthening their policy frameworks for reserve management so that they can become more resilient to shocks that may originate from global financial markets or within the domestic financial system.
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Management of Canada’s Foreign Exchange Reserves
2020Canada’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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Guidelines for Foreign Exchange Reserve Management
2005This accompanying document to the Guidelines for Foreign Exchange Reserve Management, which the IMF published in 2004, presents case studies prepared by reserve management entities in 20 countries. These sample case studies illustrate how a range of countries from around the world, at different stages of economic and financial development and ...
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On the Theory of Foreign Exchange Reserve Requirements
The Review of Economic Studies, 1971Archibald, G. C., Richmond, J.
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