IMF paper scrutinises ‘procyclicality’ in reserve management

imf-2

Reserve managers in central banks "have added to the procyclicality in global financial markets" during the recent crises, according to a new IMF working paper that goes on to explore potential measures to reduce this behaviour.

The paper: Survey of reserve managers: lessons from the crisis by Aideen Morahan and Christian Mulder, presents a survey of 67 central bank reserve managers, responsible for reserves totalling $66 billion, between April and June 2012.

When questioned over the procyclical

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: