Recent experience with the euro as an official reserve asset is instructive.

The dollar has lost what any reserve asset should have a stable value.

A better idea is to start work now on creating a more attractive global reserve asset.

Revaluation would accelerate this trend.

Net adjustments on revaluation of

After all, it is the liquidity of US Treasury bonds that makes them the world s leading reserve asset.

(b) Revaluation of the call and

This is plausible in terms of a future decline in the dollar s importance as a reserve asset and safe haven.

In the case of IMF, the monetary authorities of member States consider their IMF position as an official reserve asset.

Revaluation of the Chinese yuan would also help.

(c) Revaluation of contributions receivables 20 140 662

Simply put, the global economy has at its center a dysfunctional political regime that generates recurrent threats of default on the world s major reserve asset.

The outside world, which relies on the dollar as its primary trade vehicle and therefore reserve asset, cannot be expected to watch passively as dollars continue to pour into their currency, commodity, and asset markets, with no clear end in sight.

This obvious externality required policy responses in the emerging countries limits on capital inflows, reserve accumulation, and measures to restrict credit and restrain asset price inflation.

But it seems that both revaluation and reform will take time.

The better known consequence has been deepening uncertainty about the US dollar, the main global reserve currency, and US Treasury securities, supposedly the world s safest financial asset.

An independent monetary policy requires a flexible exchange rate, not a revaluation.

Asset recovery

Asset management

Asset management

In order to make the SDR the principal reserve asset via the allocation route, close to 3 trillion in SDRs would need to be created, an unrealistic proposition.

Second, it increases global asset demand, generating asset price inflation.

The asset that is purchased need not be a physical asset.

Expenditures also include currency exchange adjustments arising from revaluation of current period obligations

Reserve

reserve

reserve

Digital asset management

Reserve left

Reserve Reform

Financial reserve

Strategic reserve

Force Reserve

Reserve Fund

Operational reserve

Reserve component

The Incredible Vanishing Asset

Initiative Fixed asset tracking

Audit of asset management

Water as an asset

Automated asset management system

Paribas Asset Management, Paris

Warburg Asset Management, London

So it's an asset.

That's an asset, right?