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...
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| Format: | Tidsskrift |
| Sprog: | English |
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Washington, D.C. :
International Monetary Fund,
2019.
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| Serier: | IMF Working Papers; Working Paper ;
No. 2019/052 |
| Online adgang: | Full text available on IMF |