Reserves
IMF to sell gold in the market
Fund’s move comes after offer of sale to central banks
Three things you should know about Chiang Mai
The Chiang Mai initiative has cemented Asian financial stability. Jayant Menon, a principal economist at the Asian Development Bank, highlights three key themes to take from the project
Triple A rating “ours to lose”: King
Bank of England’s Mervyn King says downgrade unlikely given Britain’s strong track record and maturity of government bonds
Modeling the demand for reserves
A new working paper from the Swiss National Bank estimates a demand curve for central bank reserves
Malawi’s reserves insufficient and volatile: Ligoya
Reserve Bank of Malawi’s Perks Ligoya says export diversification needed to generate stable foreign-exchange income
Swiss profits soar to $10 billion
Gold gains will see the Swiss National Bank book CHF10 billion in profits for 2009
Norway’s SWF looks to emerging markets
Government Pension Fund-Global, the Norges Bank-run oil fund, thrived in the crisis as a result of its equity-laden and highly diversified portfolio, says government investment chief
China should turn to oil: senior central banker
People’s Bank of China director says country should invest in oil and other resources; dismisses suggestion that reserve accumulation will force yuan appreciation
Bank of Finland’s Huhtala on reserve management post-crisis
Heli Huhtala, the head of investments in the Banking Operations Department at the Bank of Finland, discusses how the crisis will change the thinking on central banks’ reserve-management strategies
Kazakhstan latest to step away from dollar
The National Bank of Kazakhstan, which has seen foreign currency reserves drop sharply, shifts towards euro on fears over the dollar’s weakness
America can learn from us: Uganda’s Tumusiime-Mutebile
Bank of Uganda’s governor says risk-based supervision saved the country’s banks; reinforces the importance of open-market principles for the economy
Korea labels gold rush illusory
Bank of Korea’s head of reserves management looks to downplay surge of central bank interest in bullion
Fed data points to rise in GSE holdings
Data show official sector viewing agency debt more favourably; marks about-turn from autumn 2008 sell-off
China wary of a gold bubble
People’s Bank of China deputy governor says steadily climbing gold prices could decrease the attractiveness of the metal as a reserve asset
Interview with Donghyun Park
Donghyun Park, a senior economist at the Asian Development Bank, discusses reserve management post-crisis and fostering demand in Asia
Sri Lanka boosts gold holdings with IMF purchase
Central Bank of Sri Lanka buys 10 tonnes of gold from IMF, gold climbs higher
Mauritius buys IMF gold
International Monetary Fund sells two tonnes of gold to Bank of Mauritius
Record profits for Norway’s Government Pension Fund
Third-quarter returns for Government Pension Fund – Global came to 13.5%
Gold hits new high, Sri Lanka latest to reveal purchases
Price soars on Monday to fresh peak; central bank says it bought gold to diversify reserves
Interview: Heng Swee Keat
In an exclusive interview, the managing director of the Monetary Authority of Singapore discusses the impact of the financial crisis and how monetary and regulatory policies will change as a result
Chiang Mai a complement, not substitute to IMF aid
Senior ASEAN official stresses that the regional reserve pool is not intended to replace support from other multilateral agencies
Restoring normality to the financial system
John Nugée identifies six key areas that central banks need to consider in attempting to establish the new normal
Revisiting Asia’s sovereign wealth strategy
Donghyun Park outlines the impact the crisis on Asia’s sovereign wealth funds.
CIC set to shift focus to emerging markets: academic
Academic with ties to Beijing's sovereign wealth fund says China to turn to Africa, Middle East and Asia