The Changing Composition of Official Reserves

14 Pages Posted: 9 Jun 2012

See all articles by Philip D. Wooldridge

Philip D. Wooldridge

Bank for International Settlements (BIS)

Date Written: September 1, 2006

Abstract

The way in which official reserves are managed is changing. Data compiled by the BIS on deposits placed by monetary authorities with commercial banks confirm that reserve managers approach diversification cautiously. Nevertheless, they have steadily shifted into higher-yielding, higher-risk instruments. The currency composition of reserve holdings is still highly concentrated in US dollars and euros, but the shares of some other currencies have changed significantly over time.

JEL Classification: E58, F31, G15

Suggested Citation

Wooldridge, Philip D., The Changing Composition of Official Reserves (September 1, 2006). BIS Quarterly Review, September 2006, Available at SSRN: https://ssrn.com/abstract=1632408

Philip D. Wooldridge (Contact Author)

Bank for International Settlements (BIS) ( email )

CH-4002 Basel, Basel-Stadt
Switzerland

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