Advanced Search
MyIDEAS: Login

Foreign Exchange Reserves Management

Contents:

Author Info

  • John Nugee
Registered author(s):

    Abstract

    For many countries, especially in the emerging markets, the official foreign exchange reserves are both a major national asset and a crucial tool of monetary and exchange rate policy. It is vital therefore that this national resource is used and managed wisely and effectively. Managment of reserves is a complex and time-consuming business. It requires clear objectives, extensive delegation, strong control systems, open and transparent reporting and a realistic appreciation of the constraints faced. If conducted properly, openly and succussfully it will greatly strengthen the public's respect for and confidence in official policy, and can make a material contribution to successful macro-economic management . The Handbook is not, and does not set out to be, a guide to the details of the market or of portfolio managment. Still less is it a primer on bond mathematics. Information on these can be found from many sources, not least the market itself. Rather it explores the strategic issues facing those who set their country's policy for the official reserves. A correct and appropriate policy framework for the official reserves is the most important element of successful reserves management; without it, even the most technically accomplished protfolio management operation will fail to be strategically successful. This handbook is also available in Spanish.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.bankofengland.co.uk/education/ccbs/handbooks/pdf/ccbshb19.pdf
    File Function: English version
    Download Restriction: no

    File URL: http://www.bankofengland.co.uk/education/ccbs/handbooks/pdf/ccbshb19_es.pdf
    File Function: Spanish version
    Download Restriction: no

    Bibliographic Info

    as in new window
    This book is provided by Centre for Central Banking Studies, Bank of England in its series Handbooks with number 19 and published in 2000.

    ISBN: 1 85730 156 0
    Handle: RePEc:ccb:hbooks:19

    Contact details of provider:
    Postal: Threadneedle Street, London, EC2R 8AH
    Phone: +44 (020) 7601 4444
    Fax: +44 (020) 7601 5460
    Email:
    Web page: http://www.bankofengland.co.uk/education/Pages/ccbs/default.aspx
    More information through EDIRC

    Related research

    Keywords: Foreign; Exchange; Reserves; Management;

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:ccb:hbooks:19. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Maria Brady).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.