Central banks join the flight to quality

The financial turmoil has had a major impact on central banks' reserve-management policies.

This is the view of two-thirds of respondents to a survey, carried out by Central Banking Publications in autumn 2008.

In the crisis, central banks joined the flight to quality, cutting deposit holdings, tightening credit limits for assets and reducing exposure to counterparties.

Eighty-five per cent said the turmoil had affected their reserve management policies and 92% said they had reassessed

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: