Central banks can improve reserves handling – World Bank

Official reserve management in the 21st century

Central banks where boards are directly involved in reserves management oversight record better policy outcomes, according to a new research paper from the World Bank.

The paper analyses how governance structures affect portfolio management and financial returns, using data from 105 central banks. It focuses on the link between the investment decision-making process and risk-taking and asset diversification.

“Central banks where boards actively exercise portfolio oversight usually have

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