Work

Green Bonds: The Reserve Management Perspective

Year: 2019

Type: article

Abstract: Central banks' frameworks for managing foreign exchange reserves have traditionally balanced a triad of objectives: liquidity, safety and return. Pursuing these objectives involves explicit trade-offs. Recently central banks have shown interest in incorporating environmental sustainability objectives into their reserve management frameworks. Rather than a triad, central banks may analyse (and weigh) a tetrad of reserve management objectives in allocating part of their foreign exchange reserves to green bonds.

Source: RePEc: Research Papers in Economics

Authors: Ingo Fender, Mike McMorrow, Vahe Sahakyan, Omar Zulaica

Institution: Bank for International Settlements

Language: German

Topic: Sustainable Finance and Green Bonds

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Climate action

Open Access status: green

OpenAlex ID: W2973448619

FWCI: 4.302

Cites:

Cited by: 28

Related to: 10