Hard to shift, easy to reshape: central bank reserve demand and frictions

Source organization

BIS

Source date

2026-08-24

Authors

Mathias Drehmann, Xuewen Fu

Research area

Capital & Markets

Document type

Working paper / brief

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Citation

Mathias Drehmann, Xuewen Fu. Hard to shift, easy to reshape: central bank reserve demand and frictions. 2026-08-24. https://www.bis.org/publications/working-paper-1372-hard-shift-easy-reshape-central-bank-reserve-demand-and-frictions

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