Reserve management, External reserves, Emerging markets
This paper tries to identify some of the main trends in central Banks reserve management in recent years. lt describes some significant changes, which have taken place, with regard to the objectives and investment policies of central banks, while pointing out some elements that could noticeably slow or even reverse the trends identified. The study reveals reserve management has continued to evolve broadly in the areas of securitisation, return maximization, use of derivates and performance measurement. Secondly, in response to the increasing volatility of financial variables, central banks have at the same time continued to place emphasis on liquidity constraints.
Ben, Nnadi C.
"Emerging trends in external reserve management,"
Bullion: Vol. 25:
3, Article 9.
Available at: https://dc.cbn.gov.ng/bullion/vol25/iss3/9