How are reserve managers responding to higher inflation? Will they continue diversifying their portfolios? Does geopolitics play a greater role in reserve management? These are some of the questions addressed in HSBC Reserve Management Trends 2023.
Now in its 19th year of publication, HSBC Reserve Management Trends features a unique survey of 83 central banks, responsible for more than $7 trillion in reserves.
Edited by Robert Pringle and Victor Mendez-Barreira, the book includes an exclusive interview with Golan Benita, director of the market operations department at the Bank of Israel, and chapters by James Steel, chief precious metals analyst with HSBC, Alan Mendes, head of the foreign reserves department at the Central Bank of Brazil, and Elisa Vilorio Painter, deputy head of foreign reserve management at the Central Bank of the Dominican Republic.
How are reserve managers responding to higher inflation? Will they continue diversifying their portfolios? Does geopolitics play a greater role in reserve management? These are some of the questions addressed in HSBC Reserve Management Trends 2023.
Now in its 19th year of publication, HSBC Reserve Management Trends features a unique survey of 83 central banks, responsible for more than $7 trillion in reserves.
Edited by Robert Pringle and Victor Mendez-Barreira, the book includes an exclusive interview with Golan Benita, director of the market operations department at the Bank of Israel, and chapters by James Steel, chief precious metals analyst with HSBC, Alan Mendes, head of the foreign reserves department at the Central Bank of Brazil, and Elisa Vilorio Painter, deputy head of foreign reserve management at the Central Bank of the Dominican Republic.
ISBN | 978 1 78272 991 4 |
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Navision code | LRMT23 |
Publication date | 24/04/2023 |
Robert Pringle and Victor Mendez-Barreira
Robert Pringle is chairman of Central Banking Publications. Before starting Central Banking, Robert was for several years editor of The Banker, and subsequently was closely associated with the establishment of the well-known think-tank the Group of Thirty, where he served for seven years as the first executive director, based in New York. He was also for three years a senior fellow at the United Nations institute WIDER, in Helsinki.
Victor Mendez-Barreira has been reserves correspondent at Central Banking since 2017. Based in Frankfurt since December 2019, he covers the European Central Bank, as well as Latin American central banks, and has written features on topics ranging from common accounting standards for monetary gold, the impact that western sanctions on Russia’s reserves could have on the US dollar, factors hampering the euro’s role as a reserve currency, to the ECB’s approach to yield curve control. He has interviewed eurozone governors, including Klaas Knot, Olli Rehn, Pablo Hernández de Cos and Mário Centeno, as well as central bank governors in Brazil, Chile, Colombia and Tunisia.
Executive summary Victor Mendez-Barreira
Appendix 1: Survey questionnaire
Appendix 2: Survey responses and comments
Appendix 3: Reserve statistics