European Parliament Library

Survey of Reserve Managers :, Lessons from the Crisis, Aideen Morahan, Christian Mulder

This paper reports in detail on a survey that was circulated to reserve managing central banks of IMF member countries in April 2012. The survey aims to gain further insight into how reserve managers have reacted to the crisis to date. The survey also aims to understand how reserve managers arrive at their strategic asset allocation and how they operate their risk management frameworks in practice. Some of the key themes that emerge from the survey include potential procyclical and counter cyclical behavior by reserve managers, increased focus placed on returns and wide variability across countries in how the currency composition of reserves is derived
Table Of Contents
Cover; Abstract; Contents; Glossary; A; B; C; E; F; G; H; I; L; M; R; S; T; W; I. Introduction; Figures; 1. The Trend in Global Reserves; 2. Ten-year Government Bond Yields for Selected Advanced Countries; II. Summary of Key Findings; Box 1. Procyclicality-Reserve Management vs. Financial Stability; III. Profile of Respondents; Tables; 1. Sample Characteristics of Respondents; 2. Distribution by Continent; IV. Detailed Responses; A. Crisis Response; B. Strategic Asset Allocation; Currency Composition; Liquidity and Interest Rate Risk; Asset Classes/Credit Risk
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (35 p.)
Specific Material Designation
Form Of Item

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