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...

תיאור מלא

מידע ביבליוגרפי
מחבר ראשי: Lu, Yinqiu
מחברים אחרים: Wang, Yilin
פורמט: כתב-עת
שפה:English
יצא לאור: Washington, D.C. : International Monetary Fund, 2019.
סדרה:IMF Working Papers; Working Paper ; No. 2019/052
גישה מקוונת:Full text available on IMF