Reserves
When will the sovereigns return - and how?
Participants in a conference on the management of sovereign assets and reserves, hosted by Central Banking Publications, were split over when public investors will regain their appetite for risk following significant losses during the current financial…
Geithner open to Zhou suggestion, but backs buck
Tim Geithner, the US Treasury secretary, said on Wednesday that he was open to People's Bank of China governor Zhou Xiaochuan's suggestion of expanding the use of special drawing rights (SDRs) but affirmed the dollar's strength.
China's Zhou wants SDRs as global currency
Zhou Xiaochuan, the governor of the People's Bank of China, has urged countries to adopt special drawing rights (SDR) as an international reserve currency as part of a move towards a more stable global monetary order.
Central banks join the flight to quality
The financial turmoil has had a major impact on central banks' reserve-management policies.
China concerned over Treasury holdings
Wen Jiabao, China's prime minister, has said that the country, which has the biggest stockpile of United States government debt in the world, is "a little worried" about its US Treasury holdings.
Zambia asks IMF for help to boost reserves
Zambia is in talks with the International Monetary Fund (IMF) for loans of about $200m to help bolster its foreign-currency stockpile.
Nigeria's Soludo: adjustment an opportunity
Charles Soludo, the governor of the Central Bank of Nigeria, has said that exchange-rate adjustment is an opportunity.
Japan to use currency reserves to aid economy
Japan's government unveiled plans on Tuesday to use some of the country's foreign currency reserves to help its firms.
What 1 trillion can buy you
1 trillion-worth ($10.6 billion) of central bank interventions moves the yen/dollar rate by 1.7%, finds a new paper from the Bank of Japan.
Asia sets up $120bn FX fund to stave off attacks
Asian finance ministers on Sunday pledged $120 billion to counter the risk of a currency collapse in the region.
Korea may use reserves to support won - report
The Bank of Korea seems willing to use its dollar reserves to bolster the ailing won, after an official told local media that the central bank was unconcerned that its foreign-exchange stockpile could fall below $200 billion.
When liquidity and reserve management collide
Ludeˇk Niedermayer analyses the challenges in coordinating market operations and reserve management during the crisis
Reserve currencies and solving the new Triffin dilemma
Ousmène Jacques Mandeng argues that the dominance of official investors in the markets they invest in has limited their ability to liquidate their reserves during the crisis
Reserves and the crisis: a reassessment
Joshua Aizenman analyses the different approaches to the use of reserves during the crisis and what this means for the global financial system
Interview: Paul De Grauwe
The major central banks have responded differently to the global financial and economic crisis, threatening a return to beggar-thyneighbour policies, Paul De Grauwe tells Malan Rietveld
Forex reserves not perfect insurance - IMF's Kato
High levels of foreign-exchange reserves can not fully insure against a sudden stop of capital inflows, said Takatoshi Kato, a deputy managing director of the International Monetary Fund.
Kazakhstan devalues tenge by 18%
The National Bank of Kazakhstan has allowed the tenge's value to fall by almost a fifth against the greenback by substantially devaluing the currency's dollar peg.
China "notes" Geithner renminbi claims
An official at the People's Bank of China has said the central bank had noted US Treasury secretary designate Tim Geithner's claims that President Barack Obama believes Beijing is manipulating the renminbi to boost exports.
Rouble at fresh low as devaluation continues apace
The rouble slumped to a record low against the greenback on Thursday as the country's central bank stepped up its devaluation of the currency.
Korea denies renminbi reserves interest
The Bank of Korea has issued a strong denial in response to a story claiming the central bank had looked into but ultimately rejected shifting some of its reserves into renminbi.
Assets are better kept with SWFs
Countries with a large foreign asset base tend to establish sovereign wealth funds as central banks' portfolio diversification tends is limited, says a new paper from the San Francisco Federal Reserve.
Russia, Nigeria devalue, shun "losing battle"
The Nigerian and Russian central banks have both said that they will allow their currencies to depreciate to protect their reserves stockpile. The actions signal Moscow and Abuja have acknowledged that the real values of their currencies have weakened in…
What's behind the fear of intervention?
Central banks' unwillingness to defend their currencies' value through foreign-exchange intervention despite abundant dollar reserves highlights a fear of intervening. Such a fear should lead central banks to review why they hold reserves, says Ousmene…
Russia's Ignatiev signals loosening of rouble peg
The head of Russia's central bank on Monday indicated Moscow could loosen its grip on its exchange rate regime.