Trends in reserve management: 2019 survey results
Foreword
The cashless society?
Executive summary
Trends in reserve management: 2019 survey results
Implementing a corporate bond portfolio: lessons learned at the NBP
Sovereigns and ESG: Is there value in virtue?
A methodology to measure and monitor liquidity risk in foreign reserves portfolios
Reserve management: A governor’s eye view
How Singapore manages its reserves
Appendix 1: Survey questionnaire
Appendix 2: Survey responses and comments
Appendix 3: Reserve statistics
This chapter reports the results of a survey of reserve managers that was conducted by Central Banking Publications in February and March 2019. This survey, which is the 15th in the annual Reserve Management Trends series, is only possible with the support and cooperation of the reserve managers who agree to take part. They did so on the condition that neither their names nor those of their central banks would be mentioned in this report.
Summary of key findings
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A US/China trade war is the most significant risk facing reserve managers in 2019. Nearly three-quarters of
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