Executive summary

Nick Carver

This book, HSBC Reserve Management Trends 2020, the 16th annual edition, is published at a time when governments around the world continue to implement unprecedented measures to tackle the Covid-19 pandemic. The impact of this pandemic and the measures were felt in financial markets from March with central banks and reserve managers called on as part of national efforts to address the ensuing crisis.

2020 survey findings

The first chapter reports the findings of a survey of 74 reserve managers, which was sent in February, and two supplemental questions sent in April as the crisis

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