Book notes: Asset management at central banks and monetary authorities, edited by Jacob Bjorheim
This excellent book fills a critical gap existing since IMF guidelines on asset management were revised
Jacob Bjorheim (ed), Asset management at central banks and monetary authorities: new practices in managing international foreign exchange reserves, Springer Nature, 2020, 484 pages
During his 17 years as editor of The Economist, Walter Bagehot wrote Lombard Street, his brilliant treatise on the operations of Britain’s money market and the role of the Bank of England. Published in 1873, it contained his famous dictum on how central banks should serve as lenders of last resort in order to stem
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