Reserves
Israel’s Golan Benita on reserve management amidst the AI boom
The head of market operations at the Bank of Israel discusses a shift to active equities to address ‘Mag7’ risks, the rationale for extending duration, and his critical view of crypto and gold
Podcast: The potential risks of the Genius Act
How the focus on issuers and reserve assets ignores the wider ecosystem
CNB governor: engaging with bitcoin does not mean endorsing it
Aleš Michl says bank’s digital asset ‘test portfolio’ is ‘not a political statement’
Barry Eichengreen on the evolution of the global monetary order
The US monetary expert speaks to Thomas Chow about similarities between the dollar and 18th century Dutch money and why Washington has bet on the ‘wrong horse’ with private stablecoins
RBI optimistic on India’s ability to withstand Iran war impacts
Central bank cites strong economic fundamentals, though warns inflation could rise
Book notes: Money beyond borders, by Barry Eichengreen
Lessons from economic history indicate the dollar’s decline could result in a messy transition that spawns a global crisis
Pakistan central bank seeks to reassure international investors
Governor says country in better position to weather shocks than before Ukraine war
Economic security requires alliances, not autarky – panel
Former RBA policy-maker says countries outside US need strong trade links in uncertain times
EU needs integration, innovation and Eurobonds – panel
Schnabel, Blanchard, Spain’s finance minister and Citadel MD discuss bloc’s future
Argentina reaches IMF deal unlocking $1bn
Fund says government policies will help country access capital markets on more favourable terms
IMF’s Adrian says tokenised finance needs public backstops
Fund’s director says singleness of money is crucial to maintain financial stability
NY Fed outlines tests of reserves demand
Approach can guide central bank as it approaches point of ‘ample’ bank reserves
FX interventions are about smoothing volatility – panel
Speakers at Central Banking Meetings also discussed reserve composition and transparency
Iran war has triggered ‘peak’ FX volatility, say reserve managers
Officials tell Central Banking Meetings that oil supply shock is on its way
Alexander Khazaradze on the NBG’s direct investments into CNY
Georgian central bank’s financial markets head speaks with Levente Koroes about the decision to invest up to 5% of its foreign exchange reserves in the onshore renminbi market
Reserve managers weigh tactical response to Middle East conflict
Some make case for ‘nimble’ duration management, but others say uncertainty is too high
Sabine Mauderer on the past, present and future of the NGFS
Bundesbank official discusses green policy, the Fed, data blind spots and future prospects
Use AI for ‘deeper insights’, not to make decisions – CBBH head
Selimović also discusses payments and reserves at Central Banking’s Kuala Lumpur meetings
Supply-side shock stuns central banks
The partial closure of the Strait of Hormuz raises fresh challenges for central bank policy-makers
RBI battles to shore up rupee as currency hits all-time lows
Central bank deploys directive against lenders after FX reserves fall below $700bn
For collateral, can TINA become TIA?
US Treasuries’ dominance as collateral in repo and derivatives is no longer set in stone, argues economist