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...

Täydet tiedot

Bibliografiset tiedot
Päätekijä: Pihlman, Jukka
Muut tekijät: Hoorn, Han
Aineistotyyppi: Aikakauslehti
Kieli:English
Julkaistu: Washington, D.C. : International Monetary Fund, 2010.
Sarja:IMF Working Papers; Working Paper ; No. 2010/150
Linkit:Full text available on IMF