The Expansion of Central Bank Balance Sheets in Emerging Asia: What are the Risks?

17 Pages Posted: 15 Sep 2012

See all articles by Andrew J. Filardo

Andrew J. Filardo

Bank for International Settlements (BIS) - Monetary and Economic Department

James Yetman

Bank for International Settlements (BIS)

Date Written: June 4, 2012

Abstract

Central bank balance sheets in emerging Asia expanded rapidly over the past decade because of the unprecedented rise in foreign reserve assets. The corresponding expansion of the central banks' liabilities has created dangers - risks of inflation and financial instability and financial market distortions - that require attention.

JEL Classification: E58, E61

Suggested Citation

Filardo, Andrew J. and Yetman, James, The Expansion of Central Bank Balance Sheets in Emerging Asia: What are the Risks? (June 4, 2012). BIS Quarterly Review, June 2012. Available at SSRN: https://ssrn.com/abstract=2128558

Andrew J. Filardo (Contact Author)

Bank for International Settlements (BIS) - Monetary and Economic Department ( email )

Centralbahnplatz 2
CH-4002 Basel
Switzerland

James Yetman

Bank for International Settlements (BIS) ( email )

Centralbahnplatz 2
Basel, Basel-Stadt 4002
Switzerland

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