Stability offers insight into reserves trend

Financial stability and openness go a long way to explaining reserve holdings in the modern era of globalised capital markets, research published by the Centre for Economic Policy and Research finds.

Using an empirical financial-stability model, the analysis shows the size of domestic financial liabilities that could potentially be converted into foreign currency, financial openness, the ability to access foreign currency through debt markets and exchange rate policy are all significant

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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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