Reserves Management

Abstract

This note discusses FX reserves management as practised by emerging market economies and, more specifically, by Saudi Arabia. It shares the Saudi Arabian Monetary Authority’s experience on reserve adequacy, investment objectives, philosophy and process, portfolio tranching, risk management and performance measurement. It also includes some discussion of active and passive investment strategies, investment committee governance and institutional values.

Full Publication: Reserve Management and FX Intervention

Keywords: reserves management, reserve adequacy, investment philosophy, investment process, portfolio tranching, performance measurement, risk management

JEL Classification: E58, E59, G10, G11, G20