syring 发表于 2025-3-23 13:37:07

Strategic Asset Allocation: Balancing Short-Term Liquidity Needs and Real Capital Preservation for C07) finds that for a 10 year holding period the probability of having negative real returns investing in US short-term treasuries is 38%, whereas for the pension portfolio it lowers to 12.5%. Not only the probability but the size of the average loss in real terms increases, from −2.3% to −7.7%.

NEX 发表于 2025-3-23 14:37:50

Strategic Investment and Risk Management for Sovereign Wealth Fundsas to future size are fraught with large uncertainties). At present, China, Kuwait, Norway, Russia, Saudi Arabia, Singapore, and the United Arab Emirates are among the countries that have the largest SWFs.

paradigm 发表于 2025-3-23 20:23:37

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铺子 发表于 2025-3-23 23:15:03

Global Reserves Managementn the coming years. Sovereign wealth funds (SWF) manage assets in excess of 2.5 trillion dollars, and total reserves managed jointly by central banks and SWFs are forecasted to top 10 trillion dollars very soon. This chapter presents motives behind this reserves growth and proposes a concept of OCHA

mendacity 发表于 2025-3-24 04:02:59

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门闩 发表于 2025-3-24 08:58:57

Strategic Asset Allocation: Balancing Short-Term Liquidity Needs and Real Capital Preservation for Cl capital preservation criteria. It is well surveyed that though “conservative and very liquid” allocation of foreign reserves to US short-term treasuries, for instance, provides timely and relatively stable access to funds, it is costly in terms of falling behind the adjusted inflation or GDP growt

Endoscope 发表于 2025-3-24 12:50:31

Assets and Liabilities Management for Central Bankss paramount to have a good measure of financial independence, giving it credibility as a critical partner in political decision-making. The current financial turmoil shows the importance of a strong central bank being able to take emergency measures when necessary to enhance financial stability and

定点 发表于 2025-3-24 17:30:35

Combating Intervention Riskt be predicted — trade flows, domestic shocks, foreign shocks, speculative attacks and financial crises, as well as the monetary and fiscal policies of domestic and foreign governments. ‘Intervention risk’ — the sudden need to buy or sell foreign exchange to defend the currency — is the major risk f

intrigue 发表于 2025-3-24 21:42:57

Reserves Adequacy and Compositionerves 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 ad

散开 发表于 2025-3-25 01:51:37

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查看完整版本: Titlebook: Central Bank Reserves and Sovereign Wealth Management; Arjan B. Berkelaar (Head of Risk Management),Joach Book 2010 Palgrave Macmillan, a