This paper uses a unique survey data set of 105 central banks to investigate whether investment policies for central bank foreign reserve portfolios are linked to the governance arrangements for reserve management. The paper evaluates whether a central bank's investment decision-making structure impacts how much risk institutions take in their reserve management operations and the level of diversity in their reserve portfolios. Additionally, it explores...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2021/08/30
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Рабочий документ в рамках исследования вопросов политики
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WPS9763
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1
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1
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2021/08/30
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Disclosed
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Central Bank Governance and Reserve Portfolios Investment Policies : An Empirical Analysis
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reserve management
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