Abstract
Establishing the reserves management strategy comprises decisions on the level of reserves (reserves adequacy) and on the composition of reserves (reserves allocation). Both in literature and practice, the reserves management strategy is often the result of a fragmented, hierarchical decision making process. The objective of this chapter is to analyze the optimal reserves management strategy for a central bank that simultaneously decides about adequacy and composition.
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© 2010 Joachim Coche and Vahe Sahakyan
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Coche, J., Sahakyan, V. (2010). Reserves Adequacy and Composition. In: Berkelaar, A.B., Coche, J., Nyholm, K. (eds) Central Bank Reserves and Sovereign Wealth Management. Palgrave Macmillan, London. https://doi.org/10.1057/9780230250819_6
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DOI: https://doi.org/10.1057/9780230250819_6
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-36885-3
Online ISBN: 978-0-230-25081-9
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