Principles of Central Bank Reserve Management

This course will present a 360 degree view on reserves management and will cover issues such as why central banks hold FX reserves, how much they should hold, investing in various asset classes (bonds, equities etc), managing liquidity in case the central bank needs to use the reserves, actively managing portfolios and using external managers. In addition, the course will take a look at what has changed in the post crisis world. The course will provide an understanding of strategic issues involved in setting a country's official reserves policy. The course will one to think like a reserve manager, useful for whether one works at a central bank or is exposed to any part of their operations.