Reserve Benchmarks 2021 report – in search of liquidity

Insights on portfolio management during the Covid-19 shock, staff and technology adaptation during the crisis, and the rise of green bonds

View a printable version of this report in PDF format

Reserve managers globally reacted to the unprecedented Covid-19 shock prioritising access to liquidity. Following the “dash for cash” crisis of March and April 2020, when investors triggered a sharp liquidity shortage selling US Treasuries to hold cash, a reliable access to liquidity became paramount to portfolio managers. Pervasive uncertainty had fuelled the shock.

This was accompanied by sharp capital outflows from the emerging world

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: