Risk Management for Central Bank Foreign Reserves
Author : European Central Bank
Publisher :
Page : 376 pages
File Size : 32,40 MB
Release : 2004
Category : Bank reserves
ISBN :
Risk Management for Central Banks and Other Public Investors
Author : Ulrich Bindseil
Publisher : Cambridge University Press
Page : 0 pages
File Size : 41,66 MB
Release : 2011-10-27
Category : Business & Economics
ISBN : 9781107403567
Book Description
Domestic and foreign financial assets of all central banks and public wealth funds worldwide are estimated to have reached more than 12 trillion US dollars in 2007. How do these institutions manage such unprecedented growth in their financial assets and how have they responded to the 'revolution' of risk management techniques during the last two decades? This book surveys the fundamental issues and techniques associated with risk management and shows how central banks and other public investors can create better risk management systems. Each chapter looks at a specific area of risk management, first presenting general problems and then showing how these materialize in the special case of public institutions. Written by a team of risk management experts from the European Central Bank, this much-needed survey is an ideal resource for those concerned with the increasingly important task of managing risk in central banks and other financial institutions.
Risk Management for Central Bank
Author : Banca centrale europea
Publisher :
Page : 367 pages
File Size : 14,57 MB
Release : 2004
Category :
ISBN :
Book Description
Central Bank Reserve Management
Author : Age Bakker
Publisher : Edward Elgar Publishing
Page : 271 pages
File Size : 16,33 MB
Release : 2007-01-01
Category : Business & Economics
ISBN : 1782541675
Book Description
This book addresses the welfare gains and costs of accumulating foreign exchange reserves and the implications for the functioning of the global financial system. The tremendous growth of central bank reserves has led to an increased focus on raising returns in addition to the traditional preference central banks have for maintaining liquid portfolios. Issues such as asset and currency diversification, the impact of new accounting rules and the profit distribution agreements with the government are analysed, adding new insights to the current debate on the optimal size of central bank reserves. This book brings together a wide range of experts from central banks, investment banks and the academic community.
Revised Guidelines for Foreign Exchange Reserve Management
Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 40 pages
File Size : 20,31 MB
Release : 2013-01-02
Category : Business & Economics
ISBN : 149834237X
Book Description
The 2013 revision of the Guidelines was carried out by the IMF staff, supported by a small Working Group of central banks and monetary authorities from China, India, Israel, Italy, Mexico, Japan, Russia, Saudi Arabia, Switzerland, the European Central Bank, and the Bank for International Settlements, and The World Bank acting as reviewer in the process. Mr. Franco Passacantando, Managing Director at the Bank of Italy, chaired this Working Group. The revisions to the Guidelines mainly concentrate on: (i) reserve management objectives and strategy, including analyzing and managing risks in the context of reserve diversification; (ii) transparency and accountability, while avoiding reserve management decisions being dictated by the prevailing accounting framework; (iii) institutional and organizational framework issues, especially on avoiding possible inconsistencies between reserve management and other central bank operations; and (iv) the risk management framework, including taking into account ex-ante assessments of the impact of reserve investments on financial markets and building internal credit risk assessment systems to assess counterparty risks
Central Bank Reserve Management and International Financial Stability—Some Post-Crisis Reflections
Author : Bradley Jones
Publisher : International Monetary Fund
Page : 30 pages
File Size : 36,42 MB
Release : 2018-02-16
Category : Business & Economics
ISBN : 1484345711
Book Description
Motivated by the tension first revealed during the global financial crisis between the domestic and international financial stability obligations of central bank reserve managers, this paper offers some reflections along four main lines. First, the paper highlights how official reserve management has evolved to mirror important aspects of private institutional investor behavior over time, and addresses the policy relevance of this convergence. Second, evidence is documented of procyclical portfolio behavior by reserve managers during the crisis, which added to the stabilization burden shouldered by central banks in reserve currency-issuing countries. Third, in appraising the evolution of related vulnerabilities since the crisis, the paper finds grounds for both cautious optimism and lingering concern, the balance of which points to an uncertain future resolution. Fourth, some potential remedies are presented to help dampen the procyclical impulses of reserve managers in future periods of international financial turbulence.
Guidelines for Foreign Exchange Reserve Management
Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 34 pages
File Size : 38,20 MB
Release : 2004-08-16
Category : Business & Economics
ISBN : 9781589062603
Book Description
These 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. The guidelines have been developed as part of a broader IMF work program to help strengthen international financial architecture, to promote policies and practices that contribute to stability and transparency in the financial sector, and to reduce external vulnerabilities of member countries.
Risk Management of Sovereign Assets and Liabilities
Author : Mr.D. F. I. Folkerts-Landau
Publisher : International Monetary Fund
Page : 54 pages
File Size : 42,36 MB
Release : 1997-12-01
Category : Business & Economics
ISBN : 1451979614
Book Description
In an environment of sizable and volatile capital flows and integrated international capital markets, large and unhedged net external sovereign liabilities expose countries to swings in international asset prices and to potential speculative currency attacks. The paper argues that an essential step in reducing emerging market vulnerability to such external shocks is to reform the institutional arrangements governing asset and liability management policies, so as to promote a transparent, publicly accountable, and professional incentive structure.
Guidelines for Foreign Exchange Reserve Management
Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 214 pages
File Size : 47,65 MB
Release : 2005-04-15
Category : Business & Economics
ISBN :
Book Description
Of country practices -- Country case studies -- Appendixes.
Risk Management Maturity Assessment at Central Banks
Author : Elie Chamoun
Publisher : International Monetary Fund
Page : 27 pages
File Size : 30,99 MB
Release : 2019-12-27
Category : Business & Economics
ISBN : 1513525697
Book Description
Effective risk management at central banks is best enabled by a sound framework embedded throughout the organization that supports the design and execution of risk management activities. To evaluate the risk management practices at a central bank, the Safeguards Assessments Division of the IMF’s Finance Department developed a tool that facilitates stocktaking of elements that are present and categorizes the function based on its maturity. Tailored recommendations are then provided to the central bank which provide a roadmap to advance the risk management function.
