Revisiting Asia’s sovereign wealth strategy

Prior to the global financial crisis that erupted in August 2007, there was an emerging consensus that the foreign-exchange reserves accumulated by a number of Asian countries had reached levels that exceeded all plausible estimates of what was needed for traditional liquidity and intervention purposes. The buildup of reserves had a number of causes, all of which were associated with the macroeconomic and strategic adjustments that took place in the aftermath of the Asian financial crisis.

Two m

To continue reading...

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 indvidual account here: