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Financial Intermediation, International Risk Sharing,
and Reserve Currencies
Matteo Maggie
November 2011Abstract
I provide a framework for understanding the global financial architecture as an
equilibrium
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What is and reserve currencies?
The term 'reserve currencies' refers to foreign currencies held by central banks and other financial institutions as part of their foreign exchange reserves.
Who is required to file and reserve currencies?
Central banks and financial institutions are required to file and reserve currencies.
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To fill out and reserve currencies, institutions must report their holdings of foreign currencies to the regulatory authorities.
What is the purpose of and reserve currencies?
The purpose of reserve currencies is to maintain liquidity, stability, and confidence in a country's financial system.
What information must be reported on and reserve currencies?
Institutions must report the amount and type of foreign currencies held, as well as any changes in their reserve currency holdings.
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