Emerging market debt during interest rate increase cycles: analysis for reserve managers
Luther Bryan Carter and Michael Cross
Emerging market debt during interest rate increase cycles: analysis for reserve managers
Trends in reserve management 2021: survey results
Reserve management in China: foreign reserves, renminbi internationalisation and beyond
Emerging market debt during interest rate increase cycles: analysis for reserve managers
Interview: Jarno Ilves
How the Fed’s Fima addressed the 2020 dollar liquidity shortage
How derivatives can add value to modern reserve management
At the heart of reserve management is the principle that the safety and liquidity of the reserves come before their return objectives. Although in reserve management the “search for yield” is nothing new, a “requirement for yield” is. Years of declining yields on traditional reserve assets, in many cases to near zero or even negative, have forced reserve managers to rethink their tried and trusted methods. With zero or negative returns, merely holding sovereign bonds arguably no longer meets the “safety” criterion as capital is eroded.
As a result, reserve managers have looked elsewhere
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com