Comment: Why Foreign Reserve Portfolios Matter

What do recent trends in official reserve management imply for foreign exchange markets and the conduct and coordination of monetary policy across the globe?

COMMENT BY CENTRALBANKNET

A glance at the world of reserve currency management underlines the importance of two recent trends. First, the hectic accumulation of official reserves that has been such a marked feature of international finance in recent years so far shows no signs of abating. Foreign exchange reserves (excluding gold) rose above

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