Reserves
HKMA exchange fund records HK$23.3 billion profit
Hong Kong Monetary Authority says profits came on back of equities surge
Will Dr. Gloom and Dr. Doom’s Next Domino Fall?
The current plight of Latvia and its Baltic neighbours is far different from Argentina’s in the early part of this decade
Gold is special
International Monetary Fund investigates how macroeconomic announcements affect commodity prices
China’s reserves exceed $2 trillion
China’s foreign-exchange reserves reach a new record high
Bank of Estonia – Annual Report 2008
Bank of Estonia’s Andres Lipstok notes the importance of euro adoption
Ethiopia devalues birr
Value of Ethiopian currency falls 10% against the greenback
A multi-tasking central bank responds better
Reserve Bank of India’s Usha Thorat says that its multiple objectives enhanced performance in the face of global crisis
HKMA’s Yam hints at diversification
Departing Hong Kong Monetary Authority chief says he has “open mind” on whether exchange fund should diversify away from dollar into renminbi
Beijing steps up bid for renminbi to become reserve currency
China’s central bank issues rules aimed at enhancing currency’s international status but ex-governor says renminbi will only join euro and dollar after ten years or more
How Hong Kong handled the crisis
Joseph Yam, the chief executive of the Hong Kong Monetary Authority discusses the global policy response to crisis, Hong Kong’s relationship with China and reserve management in Asia.
Mexico's Ortiz - crisis shows how far we've come
Ability to cope with turmoil is a sign of success of monetary-policy reform, says Bank of Mexico governor
Ortiz on governance, risk and Mexico's progress
The Bank of Mexico governor and BIS chairman discusses central bank governance, monitoring systemic risk and why Mexico has managed to avoid a financial meltdown despite being hard hit by the crisis
Liquidity risk revisited
Ib Hansen, head of the markets division at the Denmark’s National Bank, explains how reserve management policies will change as a result of the crisis, notably in the management of counterparty risk
Brazil goes for diversification
Isabela Damaso, who manages the strategic risk function, and Márcio Ayrosa, head of the front office, explain how reserve management is changing at the central bank as a result of the unprecedented growth in reserves during 2007.
BIS: banks must shrink and simplify
Basel calls for smaller, simpler and safer banks
Dubai joins Long-Term Investors Club
The Investment Corporation of Dubai, the investment arm of the government of Dubai, has joined the Long-Term Investors Club, a group of public-sector investment bodies.
Angola to launch sovereign fund this year
Angola plans to launch a sovereign wealth fund before the end of 2009, Severim de Morais, the country's finance minister, has said.
Kremlin wants revamp of SDR basket
The Kremlin has called for a radical shift in the composition of the basket of assets that comprise the special drawing right (SDR).
Sri Lanka softens forex restrictions
The Central Bank of Sri Lanka on Tuesday said it would relax foreign-exchange restrictions on banks after pressure on the rupee abated.
Latvia buys euros for first time since November
The Bank of Latvia bought euros for the first time in seven months last week after the lats gained on hopes that Riga would not have to devalue the currency.
China, Malaysia to use own currencies to trade
Trade between Malaysia and China will soon be conducted in ringgit and renminbi as well as dollars, Zeti Akhtar Aziz, the governor of Bank Negara Malaysia, said on Friday.
ECB board member: reserve-currency change slow
Changes to the currency composition of reserves will occur in a gradual way, said Gertrude Tumpel-Gugerell, a member of the European Central Bank's executive board.
Russia could float rouble next year
The rouble may switch to a free float before 2011, a senior official at the country's central bank said at the weekend.
Norway's Gjedrem: SWF woes will ease with time
The Government Pension Fund is a long-term savings plan and capable of riding out large swings in the markets, said Svein Gjedrem, the governor of the Norges Bank.