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Introduction to Central Banking, 2021 This chapter develops further the role of a central bank and its interplay with commercial banks. Together, the two ensure the provision of liquidity to the economy, such that the real sectors are shielded from flows of funds originating from household ...
U. Bindseil, A. Fotia
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Central banks – paradise lost [PDF]
, 2012 The focus of the paper is to analyze how the concept behind central bank policy developed over time and how the recent financial crisis and its consequences will have an influence. While the principles of the institutional arrangement for central banks (independence, clear mandate, prohibition of monetary financing) are relevant as ever, pre- crisis ...
Issing, Otmar
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Big Data & Society, 2015 This commentary recaps a Centre for Central Banking Studies event held at the Bank of England on 2–3 July 2014. The article covers three main points.
David Bholat
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Central bank power without central bank autonomy?
Finance and SocietyLeon Wansleben’s new book, The Rise of Central Banks, explains how central banks have emerged as powerful monetary governors over the past half-century.
Nathan Coombs
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, 2020 This chapter provides an overview of the state of the art in constitutional theory with regard to the topic of central banks. It challenges accounts of central bank independence as involving limited discretion and distributional choices, as well as the ...
Jens van ‘t Klooster
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Central Bank Digital Currency: Central Banking For All? [PDF]
Working paper (Federal Reserve Bank of Philadelphia), 2020 The introduction of a central bank digital currency (CBDC) allows the central bank to engage in large-scale intermediation by competing with private financial intermediaries for deposits. Yet, since a central bank is not an investment expert, it cannot invest in long-term projects itself, but relies on investment banks to do so.
Jesús Fernández-Villaverde +3 more
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Central bank transparency and central bank communication: Editorial introduction [PDF]
European Journal of Political Economy, 2007 Abstract Central banks now tend to attach greater importance to communication with the public than formerly was the case. Although the trend towards more transparency is justified by central bank accountability, it is less obvious that more central bank transparency is also beneficial from an economic point of view.
Eijffinger, S.C.W. +2 more
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Recentering central banks: Theorizing state-economy boundaries as central bank effects
Economy and Society, 2022 This special issue argues that to make sense of the increased prominence of central banks after the 2008 financial crisis and COVID-19 pandemic requires interrogating the sources of and limits to their governmental power.
N. Coombs, M. Thiemann
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Is Banking Supervision Central to Central Banking? [PDF]
SSRN Electronic Journal, 1998 Whether central banks should play an active role in bank supervision and regulation is being debated both in the United States and abroad. While the Bank of England has recently been stripped of its supervisory responsibilities and several proposals in the United States have advocated removing bank supervision from the Federal Reserve System, other ...
Joe Peek +2 more
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Is Bank Supervision Central to Central Banking? [PDF]
The Quarterly Journal of Economics, 1999 Whether central banks should play an active role in bank supervision and regulation is being debated both in the United States and abroad. While the Bank of England has recently been stripped of its supervisory responsibilities and several proposals in the United States have advocated removing bank supervision from the Federal Reserve System, other ...
Joe Peek +2 more
openaire +1 more source