9 research outputs found
Promoting responsible sovereign lending and borrowing: the role of sovereign wealth funds
GCC Sovereign Wealth Funds: Challenges, Opportunities, and Issues Arising from Their Growing Presence on the Global Landscape
Institutional investor attitudes to technology-enhanced university vertical campuses in the digital era
Does 'Political Bias' Undermine the Korea Investment Corporation?
Based on “in-depth study”, the aim of the chapter is to analyze Korea Investment Corporation (KIC), a non-commodity Sovereign Wealth Fund, in order to investigate its investment strategies over the time (2005-2012) and evaluate any form of ‘political bias’. Our results suggest that KIC pursues financial objectives, aiming to maximize the portfolio risk/return relationship, as it manages foreign excess reserves of those managed by Bank of Korea. We also argue that a form of ‘internal political bias’ affects investment process, as most of the financial resources are managed in-house. Overall, we support the hypothesis that in Korea Investment Corporation both financial and political objectives coexist
Foreign Reserves Management 2021
La Constitución Política de Colombia y la Ley 31 de 1992, artículo 14, asignan al Banco de la República la función de administrar las reservas internacionales. Así mismo, definen que estas deben ser manejadas con criterios de seguridad, liquidez y rentabilidad. El propósito de este documento es explicar la gestión de las reservas internacionales de Colombia, las cuales ascendían a USD 59.031 millones (m) a diciembre de 2020.
Primero, se introducen los principales conceptos asociados con las reservas internacionales y el marco en el cual se fundamenta su gestión por parte del Banco. Posteriormente, se detalla la política de administración y los aspectos fundamentales de su operatividad. Por último, se realiza un recuento sobre el estado actual de las reservas.
Recuadro 1 - Indicadores de liquidez de las reservas internacionales
Recuadro 2 - Definición de índices de referencia: introducción de expectativas neutrales en el proceso de optimizaciónThe Colombian Constitution and Law 31/1992 (Article 14) give Banco de la República a mandate to manage Colombia’s foreign reserves, in addition to stipulating the criteria on managing these reserves, which are safety, liquidity and return. The purpose of this report is to explain how Colombia’s foreign reserves are managed. As of December 2020, net foreign reserves amounted to USD 59,031.
The report begins with a description of the main concepts associated with foreign reserves and outlines the framework on which their management by the Bank is based. It then describes, in detail, the policy for managing these reserves, as well as the fundamental aspects of its operation. The report ends with a description of the current state of the country’s foreign reserves.
Box 1 - Foreign Reserve Liquidity Indicators
Box 2 - Defining Benchmarks: Introducing Neutral Expectations to the Optimization Proces