Potential Role SDR Diversified Currency Portfolios Central Bank

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1451954891
Total Pages : 48 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis Potential Role SDR Diversified Currency Portfolios Central Bank by : International Monetary Fund

Download or read book Potential Role SDR Diversified Currency Portfolios Central Bank written by International Monetary Fund and published by International Monetary Fund. This book was released on 1988-08-18 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper compares the SDR in terms of its risk-return characteristics relative to those of its five components and, on this basis, finds that the SDR has performed favorably over the period under review. In addition, several efficient portfolios including the SDR and its components are computed. These computations provide evidence that in many cases the SDR has a major weight, particularly in those portfolios which involve minimum risk and therefore would appear to be most appropriate for reserve holders. Thus, the evidence presented suggests that the SDR can play a major role in the international reserve portfolios of central banks.

The Potential Role of the SDR in Diversified Currency Portfolios of Central Banks

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Author :
Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis The Potential Role of the SDR in Diversified Currency Portfolios of Central Banks by : Carlos Medeiros

Download or read book The Potential Role of the SDR in Diversified Currency Portfolios of Central Banks written by Carlos Medeiros and published by . This book was released on 2006 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper compares the SDR in terms of its risk-return characteristics relative to those of its five components and, on this basis, finds that the SDR has performed favorably over the period under review. In addition, several efficient portfolios including the SDR and its components are computed. These computations provide evidence that in many cases the SDR has a major weight, particularly in those portfolios which involve minimum risk and therefore would appear to be most appropriate for reserve holders. Thus, the evidence presented suggests that the SDR can play a major role in the international reserve portfolios of central banks.

Staff Note for the G20 - The Role of the SDR - Initial Considerations

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Publisher : International Monetary Fund
ISBN 13 : 1498345441
Total Pages : 25 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Staff Note for the G20 - The Role of the SDR - Initial Considerations by : International Monetary Fund

Download or read book Staff Note for the G20 - The Role of the SDR - Initial Considerations written by International Monetary Fund and published by International Monetary Fund. This book was released on 2016-07-15 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: Following the recent diagnostic of the international monetary system (IMS), the IMF will explore whether a broader role for the SDR could contribute to its smooth functioning. The economic rationale for or against broader use of the SDR will be examined, focusing in particular on identifying any gaps and market failures the SDR could help address in light of the increasingly multi-polar nature of the global economy and growing financial interconnectedness. This note sets out some initial considerations on this matter. The note sketches some key issues bearing on the role of the SDR in each of three concepts: (i) the official SDR, or “O-SDR”, the composite reserve asset issued and administered by the IMF; (ii) SDR-denominated financial market instruments, or “M-SDRs,” which could be both issued and held by any parties; and (iii) the SDR as a unit of account. M-SDRs reduce foreign exchange and interest rate risk relative to single-currency instruments, but there are some drawbacks and challenges. The basket nature of M-SDRs would allow the volatility of returns to be lower than for a similar singlecurrency instrument. However, the SDR only represents one of many possible sets of portfolio weights, and issuers or investors could use existing instruments to replicate their preferred weights at a relatively low cost. There are also challenges to market development, including settling and clearing of M-SDR transactions, dealing with potential basket redefinition, and fostering secondary market trading in order to generate liquidity and market depth. There are potential benefits to using the SDR as a unit of account, which have to be weighed against other considerations. Publishing economic statistics and financial statements in SDR terms could help users identify valuation changes. Statistical authorities would need to invest in communicating the rationale for any change in practices. While the official SDR under its current framework is not playing a significant role in the IMS, a re-examination of its role is expected to inform whether any specific reform options should be pursued. The evolution of the IMS has given rise to an active debate on how much concern is posed by high rates of reserve accumulation, global imbalances, and rising claims on reserve issuers, and on whether the O-SDR could contribute to addressing these issues.

Enhancing International Monetary Stability--A Role for the SDR?

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498339484
Total Pages : 43 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Enhancing International Monetary Stability--A Role for the SDR? by : International Monetary Fund. Strategy, Policy, & Review Department

Download or read book Enhancing International Monetary Stability--A Role for the SDR? written by International Monetary Fund. Strategy, Policy, & Review Department and published by International Monetary Fund. This book was released on 2011-07-01 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: The SDR has enjoyed renewed attention lately in the context of debates on international monetary reform. To be sure, the term SDR has been used to refer to three different concepts—(i) a composite reserve asset created in 1969: the “official SDR” as defined in the Fund’s Articles; (ii) a potential new class of reserve assets: tradable SDRdenominated securities issued by the Fund or an investment vehicle backed by a subset of the Fund’s membership; and (iii) a unit of account, which could be used to price internationally traded assets (e.g., sovereign bonds) and goods (e.g., commodities), to peg currencies, and to report balance of payments data. All three are discussed in this paper.

Special Drawing Rights (SDRs)

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Author :
Publisher : Oxford University Press (UK)
ISBN 13 : 0199606463
Total Pages : 323 pages
Book Rating : 4.1/5 (996 download)

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Book Synopsis Special Drawing Rights (SDRs) by : Christopher Wilkie

Download or read book Special Drawing Rights (SDRs) written by Christopher Wilkie and published by Oxford University Press (UK). This book was released on 2012 with total page 323 pages. Available in PDF, EPUB and Kindle. Book excerpt: It considers the changing roles and influences of the U.S.

The Future of the SDR in Light of Changes in the International Monetary System

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Author :
Publisher : International Monetary Fund
ISBN 13 : 9781557756046
Total Pages : 474 pages
Book Rating : 4.7/5 (56 download)

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Book Synopsis The Future of the SDR in Light of Changes in the International Monetary System by : Mr.James M. Boughton

Download or read book The Future of the SDR in Light of Changes in the International Monetary System written by Mr.James M. Boughton and published by International Monetary Fund. This book was released on 1996-09-26 with total page 474 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book edited by Michael Mussa, James M. Boughton, and Peter Isard, records the proceedings of a seminar held at the IMF in March 1996 on the future of the special drawing right (SDR), given changes in the international monetary system since the inception of the SDR. The seminar focuses on the differences in opinion in the international community on the desirability or feasibility of an additional allocation of SDRs.

International Corporate Finance (RLE International Business)

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Publisher : Routledge
ISBN 13 : 1135126534
Total Pages : 449 pages
Book Rating : 4.1/5 (351 download)

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Book Synopsis International Corporate Finance (RLE International Business) by : Harvey Poniachek

Download or read book International Corporate Finance (RLE International Business) written by Harvey Poniachek and published by Routledge. This book was released on 2013-01-04 with total page 449 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thorough, comprehensive introduction to international financial management provides an expert guide to the workings of international capital markets, the financing of international business, the complexities of international taxation and the use of financial instruments such as swaps and options. Written by professionals, the book guides the reader through each key topic, targeting the issues underpinning successful financial strategy in the global markets of the 1990s.

International Monetary Fund and Related Legislation

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Author :
Publisher :
ISBN 13 :
Total Pages : 248 pages
Book Rating : 4.:/5 (327 download)

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Book Synopsis International Monetary Fund and Related Legislation by : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on International Finance

Download or read book International Monetary Fund and Related Legislation written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on International Finance and published by . This book was released on 1980 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Europe and the Dollar in the World-wide Disequilibrium

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Author :
Publisher : BRILL
ISBN 13 : 9789028607002
Total Pages : 368 pages
Book Rating : 4.6/5 (7 download)

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Book Synopsis Europe and the Dollar in the World-wide Disequilibrium by : John Richard Sargent

Download or read book Europe and the Dollar in the World-wide Disequilibrium written by John Richard Sargent and published by BRILL. This book was released on 1981-03-25 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Global Imbalances, Financial Crises, and Central Bank Policies

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Publisher : Elsevier
ISBN 13 : 0128104031
Total Pages : 206 pages
Book Rating : 4.1/5 (281 download)

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Book Synopsis Global Imbalances, Financial Crises, and Central Bank Policies by : Andreas Steiner

Download or read book Global Imbalances, Financial Crises, and Central Bank Policies written by Andreas Steiner and published by Elsevier. This book was released on 2016-07-25 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global Imbalances, Financial Crises, and Central Bank Policies assesses the relationships between global imbalances, financial crises, and central bank policies, with a specific focus on their reserves. The book contains a strictly international perspective with an analysis based on empirical research that enables the reader to develop an analytical model that emphasizes interactions among individual central banks. With this innovative approach, the book develops a new method for defining an optimal demand for reserves. In addition, the book describes implications for financial reforms that might ultimately be more important than its empirical findings. - Presents a systematic account of the relationship between the build-up of reserves and central bank policies - Emphasizes a global view of currency reserves, which is usually ignored in analyses of their effect - Includes datasets as well as all illustrations and figures in online ancillary materials

Central Bank Reserve Management

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Publisher : Edward Elgar Publishing
ISBN 13 : 1782541675
Total Pages : 271 pages
Book Rating : 4.7/5 (825 download)

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Book Synopsis Central Bank Reserve Management by : Age Bakker

Download or read book Central Bank Reserve Management written by Age Bakker and published by Edward Elgar Publishing. This book was released on 2007-01-01 with total page 271 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses the welfare gains and costs of accumulating foreign exchange reserves and the implications for the functioning of the global financial system. The tremendous growth of central bank reserves has led to an increased focus on raising returns in addition to the traditional preference central banks have for maintaining liquid portfolios. Issues such as asset and currency diversification, the impact of new accounting rules and the profit distribution agreements with the government are analysed, adding new insights to the current debate on the optimal size of central bank reserves. This book brings together a wide range of experts from central banks, investment banks and the academic community.

Survey of Reserve Managers

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Publisher : International Monetary Fund
ISBN 13 : 1484389557
Total Pages : 34 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Survey of Reserve Managers by : Aideen Morahan

Download or read book Survey of Reserve Managers written by Aideen Morahan and published by International Monetary Fund. This book was released on 2013-05-08 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reports in detail on a survey that was circulated to reserve managing central banks of IMF member countries in April 2012. The survey aims to gain further insight into how reserve managers have reacted to the crisis to date. The survey also aims to understand how reserve managers arrive at their strategic asset allocation and how they operate their risk management frameworks in practice. Some of the key themes that emerge from the survey include potential procyclical and counter cyclical behavior by reserve managers, increased focus placed on returns and wide variability across countries in how the currency composition of reserves is derived.

A Study on the Creation, Impact and Legal Issues of Crypto Special Drawing Rights

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Author :
Publisher : Springer Nature
ISBN 13 : 9819999758
Total Pages : 255 pages
Book Rating : 4.8/5 (199 download)

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Book Synopsis A Study on the Creation, Impact and Legal Issues of Crypto Special Drawing Rights by : Leo Zeng

Download or read book A Study on the Creation, Impact and Legal Issues of Crypto Special Drawing Rights written by Leo Zeng and published by Springer Nature. This book was released on with total page 255 pages. Available in PDF, EPUB and Kindle. Book excerpt:

U.S. International Economic Policy in the 1980's

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Publisher :
ISBN 13 :
Total Pages : 192 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis U.S. International Economic Policy in the 1980's by :

Download or read book U.S. International Economic Policy in the 1980's written by and published by . This book was released on 1982 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Enhancing Global Governance in a Fragmented World

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Publisher : Springer Nature
ISBN 13 : 9819725585
Total Pages : 326 pages
Book Rating : 4.8/5 (197 download)

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Book Synopsis Enhancing Global Governance in a Fragmented World by : Huiyao Wang

Download or read book Enhancing Global Governance in a Fragmented World written by Huiyao Wang and published by Springer Nature. This book was released on 2024 with total page 326 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book explores the 'polycrisis' currently affecting nearly all nations by exploring key themes such as multilateralism and globalization from the perspective of think tanks from nearly every continent, searching for various solutions to the ills that currently plague the world and a way to create a future in which everyone benefits. As China's preeminent non-governmental think tank, the Center for China and Globalization (CCG) has invited 30 leading figures from the global think tank community to sift through the myriad layers of multilateralism and global governance and provide a contextual analysis of major themes both from a theoretical and practical perspective that focus on China in detail, but also examine the world as a whole. Think tanks are essential in analyzing current trends and providing potential solutions that aid governments, international organizations and business in finding solutions that are beneficial to all. As a key source of innovative ideas, they have become even more valuable today as the pace of change accelerates, geopolitical complexity increases and the world has to deal with global crises that no country can address on their own. A common, central theme through all of the 25 essays in this book is the need for a more universal, inclusive and multilateral approach to reforming global governance. It is our hope that the views of the experts from think tanks and other non-governmental organizations in this compilation will provide valuable insights to help heal the gaps in our fragmented world.

International Money and Credit

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Author :
Publisher : International Monetary Fund
ISBN 13 : 0939934272
Total Pages : 612 pages
Book Rating : 4.9/5 (399 download)

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Book Synopsis International Money and Credit by : Mr.George M. Von Furstenberg

Download or read book International Money and Credit written by Mr.George M. Von Furstenberg and published by International Monetary Fund. This book was released on 1984-09-15 with total page 612 pages. Available in PDF, EPUB and Kindle. Book excerpt: Edited by George M. von Furstenberg, this volume presents the rethinking of the functions and purposes served by international monetary arrangements at leading universities, banks, and official institutions.

Guidelines for Foreign Exchange Reserve Management

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Publisher : International Monetary Fund
ISBN 13 : 9781589062603
Total Pages : 34 pages
Book Rating : 4.0/5 (626 download)

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Book Synopsis Guidelines for Foreign Exchange Reserve Management by : International Monetary Fund

Download or read book Guidelines for Foreign Exchange Reserve Management written by International Monetary Fund and published by International Monetary Fund. This book was released on 2004-08-16 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: These guidelines are intended to assist countries in strengthening their policy frameworks for reserve management so that they can become more resilient to shocks that may originate from global financial markets or within the domestic financial system. The guidelines have been developed as part of a broader IMF work program to help strengthen international financial architecture, to promote policies and practices that contribute to stability and transparency in the financial sector, and to reduce external vulnerabilities of member countries.