Central bank reserve managers recoil at sovereign risk


A majority of the central bank reserve managers who responded to a survey carried out by Central Banking Publications in January 2011 said that heightened concerns over sovereign risk had impacted their reserve management strategy.

The survey found reserve managers have changed their views of which sovereign debt they regard as risk free. More than 80% of respondents, managing reserves worth $2.2 trillion, said sovereign risk fears had impacted their strategy. A reserve manager from the Middle E

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