Green Bonds in the Policy of Management of Central Banks’ International Reserves
The article is devoted to the management of international reserves using green bonds, which makes it
possible to ensure the priorities of sustainable development formulated by the UN. The authors aim to
prove the possibility of using green bonds as alternative financial assets for placing the international
reserves of countries pursuing a policy of de-dollarization. The authors conclude that the inclusion of
these instruments in reserve portfolios ensures their necessary diversification, structure improvement,
and risk reduction and increases the confidence of investors and creditors. Substantiation of the
proposal to include green bonds, denominated in euros, in the Bank of Russia's portfolio of
international reserve assets is an original contribution aimed at developing approaches to the
management of international reserves, considering the existing realities.
Author's Name: Lyubov V. Krylova, Anna A. Prudnikova and Natalya V. Sergeeva
Volume: Volume 11
Issues: Volume 11
Keywords: International Reserves, Green Bonds, Sustainable Development, Structural Transformations, Non-economic Risks, Portfolio of the Bank of Russia.