|
|
|
| French
Equivalent: Balance de paiements, avoirs de réserve |
| Definition: |
Reserve assets consist of those external assets that are readily available to and controlled by monetary authorities for direct financing of payments imbalances, for indirectly regulating the magnitude of such imbalances through intervention in exchange markets to affect the currency exchange rate and/or for other purposes.
The category of reserve assets in the IMF's Balance of Payments Manual, Fifth Edition (BPM5) comprises:
- monetary gold;
- special drawing rights (SDRs);
- reserve position in the Fund;
- foreign exchange assets (consisting of currency and deposits and securities); and
- other claims.
|
| Source
Publication: |
|
BPM para. 424.
|
| Statistical
Theme: Financial statistics - Balance of payments |
| Created
on Tuesday, September 25, 2001 |
| Last
updated on Tuesday, March 26, 2013 |
|
|
|
|
|
|
|
|
|
|
|
|
|
