Framework and Process for Strategic Asset Allocation in Central Bank Foreign Exchange Reserves Management

Alex Joia and Joachim Coche

Chapter 2 in Central Bank Reserves and Sovereign Wealth Management, 2010, pp 41-72 from Palgrave Macmillan

Abstract: Abstract Already prior to the international financial crisis, Strategic Asset Allocation (SAA) was a topic of growing interest to central banks. Increasing levels of reserves had shone a spotlight on central banks’ reserves management in general and on SAA in particular. The events of the international financial crisis have intensified the interest in SAA as the need for a disciplined approach to reserves management and a careful analysis of investments’ risk-return characteristics was highlighted.

Keywords: Central Bank; Asset Allocation; Asset Class; Investment Horizon; Foreign Exchange Reserve (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-25081-9_2

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DOI: 10.1057/9780230250819_2

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