Shyamala Gopinath believes market structure and regulation can be used to create ‘natural’ asset and liability management; approach is superior to managing risks with financial hedges. Central banks need to identify risk items related to the interaction of sovereign debt management, reserves management and monetary policy, and study their vulnerabilities in stress situations on a broad macro-economic basis, if they want to perform successful asset and liability management (ALM) on a national basis, according to Shyamala Gopinath, a former Deputy Governor of the Reserve Bank of India (RBI)..............
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