Template-Type: ReDIF-Article 1.0
Author-Name: Ingo Fender
Author-Name: Mike McMorrow
Author-Name: Vahe Sahakyan
Author-Name: Omar Zulaica
Title: Green bonds: the reserve management perspective
Abstract: Central banks' frameworks for managing foreign exchange reserves have traditionally balanced a triad of objectives: liquidity, safety and return. Pursuing these objectives involves explicit trade-offs. Recently central banks have shown interest in incorporating environmental sustainability objectives into their reserve management frameworks. Rather than a triad, central banks may analyse (and weigh) a tetrad of reserve management objectives in allocating part of their foreign exchange reserves to green bonds.
Journal: BIS Quarterly Review
File-URL: http://www.bis.org/publ/qtrpdf/r_qt1909f.pdf
File-Format: Application/pdf
File-URL: http://www.bis.org/publ/qtrpdf/r_qt1909f.htm
File-Format: text/html
Year: 2019
Month: September
Classification-JEL: E58, F31, G11, G17
Handle: RePEc:bis:bisqtr:1909f