دانلود کتاب Asset Management at Central Banks and Monetary Authorities: New Practices in Managing International Foreign Exchange Reserves

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Front Matter ....Pages i-xxix
Introduction (Jacob Bjorheim)....Pages 1-14
Front Matter ....Pages 15-15
Central Banks: Gatekeepers of Monetary Stability and Guardians of Public Interest (Michael G. Papaioannou)....Pages 17-39
Larger Central Bank Balance Sheets: A New Normal for Monetary Policy? (Srichander Ramaswamy, Philip Turner)....Pages 41-54
How Countries Manage Large Central Bank Balance Sheets (Peter Stella)....Pages 55-78
Reserve Accumulation, Sovereign Debt, and Exchange Rate Policy (Laura Alfaro, Fabio Kanczuk)....Pages 79-90
The Cost of Holding Foreign Exchange Reserves (Eduardo Levy-Yeyati, Juan Francisco Gómez)....Pages 91-110
Front Matter ....Pages 111-111
Saudi Arabian Monetary Authority: Why Do Central Banks Hold Domestic and Foreign Currency Assets? (Talal Al-Humoud)....Pages 113-130
Safe Assets and Reserve Management (Robert Neil McCauley)....Pages 131-149
Expansion and Contraction of Central Bank Balance Sheets: Implications for Commercial Banks (Srichander Ramaswamy, Philip Turner)....Pages 151-162
Front Matter ....Pages 163-163
Management of Canada’s Foreign Exchange Reserves (Grahame Johnson)....Pages 165-178
How Singapore Manages Its Reserves (Ravi Menon)....Pages 179-187
European Central Bank: The Investment Decision-Making Process and Its Governance (Torsti Silvonen, Etienne Port)....Pages 189-207
Front Matter ....Pages 209-209
Reserve Management at Danmarks Nationalbank: Combining Liquidity Tiers with an Adaptive Risk Budget (Morten Kjærgaard, Rasmus Vahle, Jacob Wellendorph Ejsing)....Pages 211-224
The Swiss National Bank’s Investment Decision-Making Process from a Safe-Haven Currency Perspective (Sandro Streit, Patrick A. Muhl)....Pages 225-239
The Strategic Asset Allocation Framework of Banco de México (Gerardo Israel García López, Rafael Jiménez Padrón, Andrea San Martín Kuri Breña)....Pages 241-255
Dynamic Strategic Asset Allocation at the National Bank of Belgium: Why and How to Implement It in a Central Bank (Etienne Lavigne)....Pages 257-273
Central Bank of Lithuania: Asset Allocation in a Risk Parity Framework (Jonas Kanapeckas)....Pages 275-301
Front Matter ....Pages 303-303
Good Governance: Principles, Pitfalls, and Best Practice (Jennifer Johnson-Calari, Isabelle Strauss-Kahn)....Pages 305-321
Central Bank of Brazil: Investment Decision-Making in an Integrated Risk Management Framework (Isabela Ribeiro Damaso Maia)....Pages 323-333
Governance, Risk Management, Reporting, and Control at the Central Bank of Colombia (Marco Ruiz)....Pages 335-346
Foreign Exchange Reserves – Protection Connected with Financial Risks (Ewa Szafarczyk)....Pages 347-363
Central Banks as Bankers to Each Other: Overview, Trends, and Future Directions in Global Official Sector Service Provision (Simon Potter, Matthew Nemeth, Mark Choi)....Pages 365-381
Front Matter ....Pages 383-383
Modern Central Bank Reserves Management: Introduction and Overview (John Nugée)....Pages 385-397
Bank of Israel: Integrating Equities into the Foreign Exchange Reserves (Andrew Abir, Golan Benita)....Pages 399-416
Renminbi Securities in Portfolios of Official Institutions: A Perspective from the Hong Kong Monetary Authority (Martin Matsui)....Pages 417-438
Responsible Investment and Central Bank Asset Management (Archie Beeching, Anna Georgieva, Justin Sloggett)....Pages 439-457
BlackRock: Reserves Management with Factors and Reference Portfolios (Andrew Ang, David Chua, Katelyn Gallagher, Stephen Hull)....Pages 459-484