Interview with Donghyun Park

tom-park (CB): How has the thinking on the role of reserves changed since the start of the crisis?

Donghyun Park (DP): In one sense the crisis has shown you can never have too big a reserves stockpile. The scale of financial devastation was quite frightening. Governments thought: "We have to protect ourselves even more by accumulating even more reserves." This includes East Asian countries which already have very large levels of reserves.

It's certainly possible that the crisis has mad

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: