Asian central bank reserves surpass optimal levels, says IMF’s Zavadjil

imf-hq

Central banks in emerging Asia – stripping out China – now hold an average of 7.2 months of import cover as reserves. As a result, central banks in the region are starting to hold foreign exchange in excess of optimal levels, according to the latest research by Milan Zavadjil, senior resident representative for Indonesia at the International Monetary Fund (IMF).

Zavadjil has supported the rise in reserves at central banks in Asia following the Asian Financial Crisis 1997–98 and developed a model

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: