Working Paper: 175 years of financial risks and returns in central banking

Frontpage for Working Paper no 103 from 2016
Authors Abildgren, Kim
Subject Accounts; Risk management; Foreign-exchange reserve
Type Working paper
Year 2016
Published 4 January 2016
Central banks around the world have substantial domestic and foreign financial assets and liabilities on their balance sheets reflecting their role as monetary authorities. This paper explores the long-term trends in risk and return in central banking using the central bank of Denmark, Danmarks Nationalbank, as a case study.