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

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Portfolio Choice for Oil Based Sovereign Wealth Fundswith high foreign asset exposure, nonstandard liabilities and long (intergenerational) time horizon.. In this chapter we focus on SWFs sourced by oil revenue as the currently most important (biggest) fraction of this class of new investors as can be seen from Table 9.1.

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Optimal Scale and Asset Allocation for Sovereign Wealth Funds: China’s Casean SWF. Some well-recognized aspects of SWFs are listed as follows: sovereign wealth, in contrast with private wealth, is public wealth, generally in the form of a foreign currency and typically composed of governmental earnings from specific taxes, budget distribution, incomes from natural resource

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Foreign Exchange Reserves and Sovereign Wealth Funds: Will They Change the Global Financial Landscaphange reserves held and managed by central banks. More recently, sovereign wealth funds, which are special government agencies that manage sovereign wealth separate from traditional foreign exchange reserves, have grown rapidly and received considerable attention in the public debate. The policy iss

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Public Investment Funds and Value-Based Generational Accountingreign wealth funds, public investment funds, pension funds, saving funds, intergenerational funds and so on, reflecting their different historical roots and orientation. Mitchell et al. (2008) make a distinction between three types of publicly held funds, or of public investment funds as they call t

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Framework and Process for Strategic Asset Allocation in Central Bank Foreign Exchange Reserves Managels of reserves had shone a spotlight on central banks’ reserves management in general and on SAA in particular. The events of the international financial crisis have intensified the interest in SAA as the need for a disciplined approach to reserves management and a careful analysis of investments’ risk-return characteristics was highlighted.

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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 adequacy and composition.

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