Author page: Mels Tskhovrebov

Modern Problems of Managing International Reserves in Russia

DOI: 10.33917/es-5.163.2019.100-107

Significant volumes of the gold and foreign exchange reserves determines the high importance of taking well-based decisions in the process of managing reserves. While maintaining the overall set-up for implementing conservative strategy of reserves management, investing part of the funds in more risky financial instruments may increase profitability without risking macroeconomic stability and loss of reserves