The new edition of RBS Reserve Management Trends 2005 will be published, and available for download here on January 24 2005

Downloadable pdf available 8.00am 24 January 2005. Order now

RBS Reserve Management Trends 2005 is a new annual review of central bank reserve management practice.

It combines a brand-new survey of over 60 central bank reserve managers (controlling $1.7tn of foreign exchange reserves) with analysis of key trends in the discipline by leading practitioners, commentators and private sector analysts. Published by Central Banking Publications, the book is sponsored by the Royal Bank of Scotland,

Central banks are stockpiling reserves at an unprecedented rate. Their war-chest of foreign exchange, now worth almost $4 trillion, has risen by 65% in the last four years alone.

• What is driving this rise in official sector assets?
• Can the trend continue?
• How are reserve managers reacting?

Groundbreaking survey
To answer these questions, the book includes an extensive survey of over 60 central banks, managing reserves worth $1.7 trillion. It reveals how the reserve managers:

• see future trends of reserve accumulation
• are under pressure to improve performance and why
• employ portfolio techniques to enhance return
• diversify assets under their control
• have changed their currency exposure
• approach operational risk
• view the major risks for 2005
  

Leading authorities
RBS Reserve Management Trends 2005 includes contributions from leading practitioners, commentators and private sector analysts.

Table of contents

Trends in reserve management – results of a survey of central banks
Robert Pringle and Nick Carver, Central Banking Publications

Recent developments in asset management at the Swiss National Bank
Philipp M. Hildebrand, Swiss National Bank

Asia’s changed currency policy
David Hale, Hale Advisors LLC

The rise of reserve management
Jean-François Rigaudy, Bank for International Settlements

The case for macro risk-budgeting and portfolio tranching
Alejandro Reveiz, Director, Foreign Reserves Department, Banco de la República, Colombia

Transparency in reserves management
Barry Topf, Director, Foreign Currency Department, Bank of Israel

The use of quantitative techniques
Peter Eggleston, Global Head of Quantitative Solutions, The Royal Bank of Scotland

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To order your copy simply fax back this order form

Customers ordering the downloadable version will receive by email a hyperlink and password to access the pdf (available from 8.00am GMT on January 24 2005.

Fax: +44 20 7388 9040