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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书目详细资料
主要作者: Pihlman, Jukka
其他作者: Hoorn, Han
格式: 杂志
语言:English
出版: Washington, D.C. : International Monetary Fund, 2010.
丛编:IMF Working Papers; Working Paper ; No. 2010/150
在线阅读:Full text available on IMF