Work

The changing composition of official reserves

Year: 2006

Type: article

Abstract: The way in which official reserves are managed is changing. Data compiled by the BIS on deposits placed by monetary authorities with commercial banks confirm that reserve managers approach diversification cautiously. Nevertheless, they have steadily shifted into higher-yielding, higher-risk instruments. The currency composition of reserve holdings is still highly concentrated in US dollars and euros, but the shares of some other currencies have changed significantly over time.

Source: RePEc: Research Papers in Economics

Author: Philip Wooldridge

Institution: Bank for International Settlements

Language: English

Topic: Global Financial Crisis and Policies

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W1530311975

FWCI: 7.373

Cites: 2

Cited by: 31

Related to: 10