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11 cze 2024 · Recent data from the IMF’s Currency Composition of Official Foreign Exchange Reserves (COFER) point to an ongoing gradual decline in the dollar’s share of allocated foreign reserves of central banks and governments.
19 lip 2023 · The dollar’s role as the primary reserve currency for the global economy allows the United States to borrow money more easily and impose painful financial sanctions.
1 cze 2022 · As the Chart of the Week shows, the dollar’s share of global foreign-exchange reserves fell below 59 percent in the final quarter of last year, extending a two-decade decline, according to the IMF’s Currency Composition of Official Foreign Exchange Reserves data.
2 dni temu · Starting July 29, 2021, the interest rate on excess reserves (IOER) and the interest rate on required reserves (IORR) were replaced with a single rate, the interest rate on reserve balances (IORB). See the source's announcement for more details.
24 lis 2022 · We first present an update on the theory of optimal international reserves in production small open economies (SOEs) facing sudden stops, in Mihailov and Nasir, and on the carry-trade costs of international reserves, in Levy Yeyati and Gómez; then, two papers follow on the empirical currency composition of reserves, Iancu et al. worldwide and ...
10 paź 2024 · This data represent rate charged for discounts made and advances extended under the Federal Reserve's primary credit discount window program, which became effective January 9, 2003. Primary credit is available to generally sound depository institutions at a rate set relative to the Federal Open Market Committee's (FOMC) target range for the ...
22 lut 2021 · Banks earn interest on reserve balances (IORB) on the funds they place in their reserve accounts at the Fed. Because the IORB rate serves as a reservation rate for banks, and banks can arbitrage the difference between IORB and other short-term rates, it is an effective tool for guiding the FFR.**
