Macro Musings with David Beckworth cover image

Bill Nelson on the Future of Central Bank Operating Systems

Macro Musings with David Beckworth

CHAPTER

Central Bank Portfolio Strategies

This chapter explores the complexities of central bank portfolio design, focusing on U.S. Treasury securities and various asset management strategies. It contrasts different central bank philosophies, particularly between the U.S. and European Central Bank, while discussing the impact of diversification and historical decision-making on financial stability.

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