News Analysis
: The rise of reserve management

Reserves growth to slow?

Although in both surveys overwhelming majorities said reserves would continue to increase, the latest survey foreshadows a slowdown in the rate of growth. Almost 90% of those who replied to the 2002 survey thought it likely that the build-up in reserves would continue. This view was indeed borne out as reserves increased by as much as $1 trillion, or one-third, between the two surveys, reaching a total of $3.8 trillion in May 2004. Respondents to the 2004 survey, looking

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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