dc.creator	León-Rincón, Carlos Eduardo
dc.creator	Vela, Daniel
dc.date.created	2011-03-15
dc.date.issued	2011-03-15
dc.identifier.uri	https://repositorio.banrep.gov.co/handle/20.500.12134/5662
dc.description.abstract	Despite foreign reserves' strategic asset allocation relies mainly on Modern Portfolio Theory (MPT), the unique characteristics of central banks obliges them to articulate and reconcile typical optimization procedures with reserves' management objectives
dc.format.mimetype	PDF
dc.language.iso	spa
dc.publisher	Banco de la República
dc.relation.ispartof	Documentos de Trabajo
dc.relation.ispartofseries	Borradores de Economía
dc.relation.isversionof	Borradores de Economía; No. 645
dc.rights.accessRights	Open Access
dc.rights.uri	https://creativecommons.org/licenses/by-nc-sa/4.0/
dc.title	Foreign reserves' strategic asset allocation
dc.type	Working Paper
dc.subject.jel	G11 - Portfolio Choice; Investment Decisions
dc.subject.jel	C61 - Optimization Techniques; Programming Models; Dynamic Analysis
dc.subject.jel	C11 - Bayesian Analysis: General
dc.subject.jel	E58 - Central Banks and Their Policies
dc.subject.keyword	Foreign reserves
dc.subject.keyword	Black-litterman
dc.subject.keyword	Strategic asset allocation
dc.subject.lemb	Reservas internacionales -- Colombia
dc.subject.lemb	Mercados emergentes -- Colombia
dc.subject.lemb	Cambio exterior -- Colombia
dc.type.spa	Documentos de trabajo
dc.rights.spa	Acceso abierto
dc.rights.cc	Atribucion-NoComercial-CompartirIgual CC BY-NC-SA 4.0
dc.subject.jelspa	C61 - Técnicas de optimización; Modelos de programación; Análisis dinámico
dc.subject.jelspa	G11 - Selección de cartera; Decisiones de inversión
dc.subject.jelspa	C11 - Análisis bayesiano: generalidades
dc.subject.jelspa	E58 - Bancos centrales y sus políticas
dc.type.hasversion	Published Version
dc.coverage.sucursal	Bogotá
dc.relation.doi	https://doi.org/10.32468/be.645
dc.rights.disclaimer	Las opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.
dc.relation.repec	https://ideas.repec.org/p/bdr/borrec/645.html
dc.identifier.handle	https://hdl.handle.net/20.500.12134/5662
dc.creator.firma	Carlos León
dc.source.handleRepec	RePEc:bdr:borrec:645

Foreign reserves' strategic asset allocation

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