Verfügbarkeit: Do Central Banks Need Capital?

Do Central Banks Need Capital?:

Central banks may operate perfectly well without capital as conventionally defined. A large negative net worth, however, is likely to compromise central bank independence and interfere with its ability to attain policy objectives. If society values an independent central bank capable of effectively...

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1. Verfasser:	Stella, Peter (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C International Monetary Fund 1997
Schriftenreihe:	IMF Working Papers Working Paper No. 97/83
Online-Zugang:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Zusammenfassung:	Central banks may operate perfectly well without capital as conventionally defined. A large negative net worth, however, is likely to compromise central bank independence and interfere with its ability to attain policy objectives. If society values an independent central bank capable of effectively implementing monetary policy, recapitalization may become essential. Proper accounting practice in determining central bank profit or loss and rules governing the transfer of the central bank's operating result to the treasury are also important. A variety of country-specific central bank practices are reviewed to support the argument
Beschreibung:	1 Online-Ressource (39 p)
ISBN:	1451850506 9781451850505

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spelling	Stella, Peter Verfasser aut Do Central Banks Need Capital? Stella, Peter Washington, D.C International Monetary Fund 1997 1 Online-Ressource (39 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 97/83 Central banks may operate perfectly well without capital as conventionally defined. A large negative net worth, however, is likely to compromise central bank independence and interfere with its ability to attain policy objectives. If society values an independent central bank capable of effectively implementing monetary policy, recapitalization may become essential. Proper accounting practice in determining central bank profit or loss and rules governing the transfer of the central bank's operating result to the treasury are also important. A variety of country-specific central bank practices are reviewed to support the argument Online-Ausg http://elibrary.imf.org/view/IMF001/01796-9781451850505/01796-9781451850505/01796-9781451850505.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Stella, Peter Do Central Banks Need Capital?
title	Do Central Banks Need Capital?
title_auth	Do Central Banks Need Capital?
title_exact_search	Do Central Banks Need Capital?
title_exact_search_txtP	Do Central Banks Need Capital?
title_full	Do Central Banks Need Capital? Stella, Peter
title_fullStr	Do Central Banks Need Capital? Stella, Peter
title_full_unstemmed	Do Central Banks Need Capital? Stella, Peter
title_short	Do Central Banks Need Capital?
title_sort	do central banks need capital
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