Yilin Wang

University of California, Los Angeles (UCLA)

405 Hilgard Avenue

Box 951361

Los Angeles, CA 90095

United States

  • University of California, Los Angeles (UCLA)

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Determinants of Currency Composition of Reserves: A Portfolio Theory Approach with an Application to RMB

IMF Working Paper No. 19/52
Number of pages: 45 Posted: 08 Apr 2019
Yinqiu Lu and Yilin Wang
International Monetary Fund and University of California, Los Angeles (UCLA)
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Abstract:

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Central banks, Capital account convertibility, Central bank aggregates, Investment policy, Monetary authorities, currency composition, FX reserves, portfolio theory, RMB, numeraire, domestic currency, reserve currency, invoice