Determinants of Currency Composition of Reserves : a Portfolio Theory Approach with an Application to RMB /

The way central banks manage their foreign reserve assets has evolved over the past decades. One major trend is managing reserves in two or more tranches-liquidity tranche and investment tranche-especially for those with adequate reserves. Incorporating reserve tranching, we have developed in this p...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awdur: Lu, Yinqiu
Awduron Eraill: Wang, Yilin
Fformat: Cylchgrawn
Iaith:English
Cyhoeddwyd: Washington, D.C. : International Monetary Fund, 2019.
Cyfres:IMF Working Papers; Working Paper ; No. 2019/052
Mynediad Ar-lein:Full text available on IMF