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HSBC Reserve Management Trends 2025
Discipline: Reserve management, Foreign exchange, Central Banks
First published:
ISBN: 978 1 78272 994 5
What are the most significant risks that reserve managers face in 2025? How are reserve managers positioning their portfolios in light of US protectionist policies? Does bitcoin have a place in reserves? These are some of the questions addressed in HSBC Reserve Management Trends 2025.
The 21st edition features a survey of 91 central banks, responsible for more than $7 trillion in reserves. It reveals exclusive insights on diversification and de-dollarisation, foreign exchange interventions, gold and expected interest rate divergence.
Edited by Robert Pringle and Joasia E. Popowicz, the book includes an exclusive interview with Juliusz Jabłecki, director of the financial risk management department at the National Bank of Poland. It also features chapters written by: Aditya Gaiha and Indrani Manna, of the Reserve Bank of India, on foreign direct investment; and Isabel Vasconcelos and Marisa Soares, of the Bank of Portugal, on the use of AI in reserve management, as well as analysis on fiscal divergence and its implications for reserve managers.
You can also buy a hard copy here: https://www.riskbooks.com/hsbc-reserve-management-trends-2025
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Contents
Executive summary
Trends in reserve management: 2025 survey results
Fiscal divergence and its implications for reserve managers
Foreign direct investment inflows and FDI screening policies
Interview: Juliusz Jabłecki
Is the central bank gold rush over?
Market sentiment analysis in reserve management
Appendix 1: Survey questionnaire
Appendix 2: Survey responses and comments
Appendix 3: Reserve statistics