Accumulating reserves to guard against inflation is 'misplaced'

bank-of-finland
Bank of Finland

A new discussion paper from the Bank of Finland's Institute for Economies in Transition examines the potential effects on an economy of a central bank accumulating excessive foreign exchange reserves, and how to mitigate them.

The paper – Prolonged Reserves Accumulation, Credit Booms, Asset Prices and Monetary Policy in Asia, by Andrew Filardo of the Bank for International Settlements, and Pierre Siklos of Wilfrid Laurier University in Canada, finds that the best protection against costly

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

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 individual account here: