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Foreign Exchange Reserves

open access: yes
The report is a compilation of quantitative information with regard to external reserves, such as, level of foreign exchange reserves, sources of accretion to foreign exchange reserves, external liabilities vis-àvis foreign exchange reserves, prepayment ...
Huang Meibo, Xu Changping
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Central Banks’ Management of Foreign Exchange Reserves

Open Economies Review, 1998
This paper analyzes whether currency instability results from official reserves management, as central banks strive to minimize risk, keep a degree of liquidity degree, minimize risk, and a good return on their portfolio. In recent years the dollar share in official reserves increased, at the expense of the Deutsche mark and yen.
openaire   +1 more source

Drivers of Dollar Share in Foreign Exchange Reserves

Staff Reports (Federal Reserve Bank of New York)
The share of U.S. dollar assets in the official foreign exchange reserve portfolios of central banks is sometimes taken as an indicator of dollar status. We show that the observed decline in the aggregate share of U.S. dollar assets does not stem from a systematic shift in currency preferences away from holding dollar assets.
Goldberg, Linda S., Hannaoui, Oliver
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The Currency Composition of Foreign Exchange Reserves

Staff Papers - International Monetary Fund, 1989
Determinants 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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Growth of China's foreign exchange reserve

China Economic Journal, 2008
China'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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The sovereign credit and the limited foreign exchange outflow and the liquidity management of foreign exchange reserves

Journal of the Operational Research Society, 2018
AbstractIn this paper, we use the models of the commercial bank liquidity management to study the liquidity of foreign exchange reserves.
Shibo Bian, Wei Liu, Dewei Zhang
openaire   +1 more source

On the upsurge of foreign exchange reserves in India

Journal of Policy Modeling, 2006
Abstract 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, 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 ...
openaire   +1 more source

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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Foreign Exchange Reserves and the Reserve Bank’s Balance Sheet [PDF]

open access: possible, 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 ...
openaire  

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