An Asset-Liability Management Approach to the Federal Reserve Balance Sheet
The Federal Reserve’s liabilities include a mix of floating-rate instruments, such as reserves, and long-duration, non-interest-bearing instruments, such as currency. This paper investigates the implications of an asset-liability management approach to choosing assets to back these liabilities, with a focus on matching the duration of assets and liabilities.
Authors
- Srini Ramaswamy (ORCID: https://orcid.org/0009-0007-1086-3896)
- Sam Schulhofer‐Wohl
- Hugo De Vere
Publication Details
- Journal
- Federal Reserve Bank of Dallas, Working Papers
- Published
- 2025-07-01
- DOI
- https://doi.org/10.24149/wp2525
- Primary Topic
- Credit Risk and Financial Regulations
- Type
- article
- Field-Weighted Citation Impact
- 0.00