Reserves
Paper on reserve accumulation
This paper suggests that while the hoarding of foreign exchange reserves by emerging-market economies could initially be explained primarily in terms of "self insurance" against global shocks, this explanation increasingly falls short.
Turkey's reserves hit record high
The Turkish central bank announced on Thursday that its foreign currency reserves had reached a new record level of $118bn on July 6.
Mexico ends dollar sales for three months
Mexico's central bank, Banco de Mexico, announced today that it will not sell dollars in the third quarter of 2007.
New foreign exchange strategy in New Zealand
Allan Bollard, the governor of the Reserve Bank of New Zealand, announced on 13 July that the central bank will move away from its current practice of matching its foreign assets to its foreign liabilities.
Million-dollar-a-minute growth in Chinese reserves
The People's Bank of China accumulated foreign exchange reserves at an average rate of just over $1 million per minute in the first six months of 2007. The central bank said on 11 July that reserves had grown by $266.3bn to $1.33 trillion between January…
South African reserves approach $26 billion
The South African Reserve Bank has announced that net gold and foreign exchange reserves rose last month to $25.94bn from $28.28bn at the end of May. The central bank said gross reserves were up at $28.28bn from $27.85bn the previous month, and net…
Minister hints at Japanese wealth fund
Japan's Financial Services Minister said on 29 June that the country should debate whether to set up a fund to manage its foreign currency reserves.
Bank of Israel - reserves report
The annual report of the Foreign Currency Department describes and analyses changes in the level of Israel's foreign exchange reserves, developments in their management, liquidity, rate of return and the risks to which the reserves portfolio is exposed.
US treasury points to dangers of sovereign wealth
Clay Lowery, acting under-secretary for international affairs at the US treasury, has asked the International Monetary Fund and the World Bank to compile best-practice guidelines for sovereign wealth funds.
South Africa's reserves surge in one month
New data from the South African Reserve Bank has revealed that net gold and foreign exchange reserves rose to $25.48bn in May from $24.59bn the previous month. Gross reserves were also up to $27.85bn from $27,02bn.
Brazil continues intervention policy
The Central Bank of Brazil will continue its policy of buying American dollars on the spot market to bolster its foreign exchange reserves.
No more gold sales for ECB
The European Central Bank announced on 1 July that it has no intention to sell more gold this year.
What next from Chinese reserve managers?
These two articles analyse this week's announcement that the new agency managing part of China's $1.2 trillion in foreign reserves will buy a $3 billion stake in the American private equity firm, Blackstone Group LP.
Zhou says room to raise reserve requirement
China still has room to raise the commercial banks' reserve requirement ratio, the Shanghai-based Oriental Morning Post reported Thursday 17 May, citing People's Bank of China governor Zhou Xiaochuan.
Why all the fuss about reserve management?
This article published Tuesday 15 May by Business Day asks why the Central Bank of Nigeria is so concerned about local banks shoring up on reserve management skills.
New York Fed's Foreign Exchange Operations Report
According to the Federal Reserve Bank of New York's Treasury and Federal Reserve Foreign Exchange Operations quarterly report for January-March 2007, published 3 May, the U.S. monetary authorities did not intervene in the foreign exchange markets during…
BCV director says reserves will rebound
Jose Felix Rivas Alvarado, director of the Central Bank of Venezuela (BCV), told the official news agency Friday 11 May that although Venezuela's international reserves fell during the last few months, the fall is attributable to specific factors.
IMF paper: Jordan's international reserve position
This IMF Working Paper uses several traditional measures of reserves adequacy to compare Jordan's reserve holdings with other emerging market countries.
PBOC's Zhou unsure on reserves trend
The governor of the People's Bank of China said in Switzerland Monday 7 May the outlook for China's foreign reserves remains unclear following a big increase in the Q1.
China, Japan, Korea to pool some reserves - report
Bloomberg reported on Friday 4 May that China, Japan and South Korea have agreed to combine some of their foreign-exchange reserves in order to prevent any repeat of the crisis that hit Asia a decade ago.
Europe's central banks offloading gold
According to this article published Thursday 3 May by FMarena, with European central banks selling gold heavily recently, they might actually sell up to their quota.
The changing role of sovereign wealth managers
An overview of recent developments in this emerging field of international finance, Malan Rietveld and Robert Pringle
How do we manage the reserves held by the Bank of Japan?
Toshio Idesawa of the bank of Japan explains how the central bank's approach to managing its reserves is changing
PBOC raises reserve ratio
The People's Bank of China has ordered major commercial banks to set aside more money in reserves in a move to slow its economy.