Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/66919
Authors: 
Romanyuk, Yuliya
Year of Publication: 
2010
Series/Report no.: 
Bank of Canada Discussion Paper 2010-10
Abstract: 
Relevant literature on asset-liability management (ALM) is reviewed and different ALM approaches are discussed that may be of interest to the Bank of Canada for the purpose of modelling the Exchange Fund Account (EFA). The author describes the general idea behind ALM, its pros and cons, risk measures and strategies, as well as some applications. Particular attention is paid to central bank reserves management. Ideas and suggestions are offered for future research on the ALM framework for the EFA.
Subjects: 
Foreign reserves management
JEL: 
G11
Document Type: 
Working Paper
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