A new approach to liquidity management

The thrust of articles in the 1960s about the management of international reserve assets centred on determining the optimal level of reserves for individual countries; the models were extensions of those based on optimal levels of inventories that had been developed for cash management by individual firms and financial institutions. The result was a set of statements that a country should hold reserves equal to the value of its imports for three months or six months or some other period; these 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: