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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| フォーマット: | 雑誌 |
| 言語: | English |
| 出版事項: |
Washington, D.C. :
International Monetary Fund,
2010.
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| シリーズ: | IMF Working Papers; Working Paper ;
No. 2010/150 |
| オンライン･アクセス: | Full text available on IMF |