Other publications may include books, quarterly reviews, annual reports and economic bulletins from the ECB, PhD theses and Danmarks Nationalbank’s policies.
Management of the Interest-Rate Risk on the Foreign-Exchange Reserve
The foreign-exchange reserve is managed in order to keep the credit and liquidity risks at a minimum. Part of the reserve is placed in fixed-yield bonds in order to gain a higher yield than in the money market. The management of the related interest-rate risk is described.