Central Bank Financial Strength, Transparency, and Policy Credibility:
A central bank is financially strong if it possesses resources sufficient to attain its fundamental policy objective(s). Once endowed with those resources, relations between government and central bank should be designed so that significant changes in central bank financial strength do not occur unl...
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1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2002
|
Schriftenreihe: | IMF Working Papers
Working Paper No. 02/137 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | A central bank is financially strong if it possesses resources sufficient to attain its fundamental policy objective(s). Once endowed with those resources, relations between government and central bank should be designed so that significant changes in central bank financial strength do not occur unless necessitated by changes in policy objectives. The level of strength required depends on the array of policy objectives (for example, the exchange rate regime) as well as the constraints and risks presented by the operational environment. Attaining credibility is facilitated if the public can easily determine the financial strength of the bank, yet for a variety of reasons this is often difficult. Transparency requires institutional arrangements that ensure the central bank generates profit in most states of the world, is subject to strict ex post independent audit, and transfers regularly all profits, after provisions, to the treasury |
Beschreibung: | 1 Online-Ressource (42 p) |
ISBN: | 1451855923 9781451855920 |
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520 | 3 | |a A central bank is financially strong if it possesses resources sufficient to attain its fundamental policy objective(s). Once endowed with those resources, relations between government and central bank should be designed so that significant changes in central bank financial strength do not occur unless necessitated by changes in policy objectives. The level of strength required depends on the array of policy objectives (for example, the exchange rate regime) as well as the constraints and risks presented by the operational environment. Attaining credibility is facilitated if the public can easily determine the financial strength of the bank, yet for a variety of reasons this is often difficult. Transparency requires institutional arrangements that ensure the central bank generates profit in most states of the world, is subject to strict ex post independent audit, and transfers regularly all profits, after provisions, to the treasury | |
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spelling | Stella, Peter Verfasser aut Central Bank Financial Strength, Transparency, and Policy Credibility Stella, Peter Washington, D.C International Monetary Fund 2002 1 Online-Ressource (42 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 02/137 A central bank is financially strong if it possesses resources sufficient to attain its fundamental policy objective(s). Once endowed with those resources, relations between government and central bank should be designed so that significant changes in central bank financial strength do not occur unless necessitated by changes in policy objectives. The level of strength required depends on the array of policy objectives (for example, the exchange rate regime) as well as the constraints and risks presented by the operational environment. Attaining credibility is facilitated if the public can easily determine the financial strength of the bank, yet for a variety of reasons this is often difficult. Transparency requires institutional arrangements that ensure the central bank generates profit in most states of the world, is subject to strict ex post independent audit, and transfers regularly all profits, after provisions, to the treasury Online-Ausg http://elibrary.imf.org/view/IMF001/01143-9781451855920/01143-9781451855920/01143-9781451855920.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Stella, Peter Central Bank Financial Strength, Transparency, and Policy Credibility |
title | Central Bank Financial Strength, Transparency, and Policy Credibility |
title_auth | Central Bank Financial Strength, Transparency, and Policy Credibility |
title_exact_search | Central Bank Financial Strength, Transparency, and Policy Credibility |
title_exact_search_txtP | Central Bank Financial Strength, Transparency, and Policy Credibility |
title_full | Central Bank Financial Strength, Transparency, and Policy Credibility Stella, Peter |
title_fullStr | Central Bank Financial Strength, Transparency, and Policy Credibility Stella, Peter |
title_full_unstemmed | Central Bank Financial Strength, Transparency, and Policy Credibility Stella, Peter |
title_short | Central Bank Financial Strength, Transparency, and Policy Credibility |
title_sort | central bank financial strength transparency and policy credibility |
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