Procyclicality in Central Bank Reserve Management : Evidence from the Crisis /

A decade-long diversification of official reserves into riskier investments came to an abrupt end at the beginning of the global financial crisis, when many central bank reserve managers started to withdraw their deposits from the banking sector in an apparent flight to quality and safety. We estima...

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Detaylı Bibliyografya
Yazar: Pihlman, Jukka
Diğer Yazarlar: Hoorn, Han
Materyal Türü: Dergi
Dil:English
Baskı/Yayın Bilgisi: Washington, D.C. : International Monetary Fund, 2010.
Seri Bilgileri:IMF Working Papers; Working Paper ; No. 2010/150
Online Erişim:Full text available on IMF