Realising Central Banks’ Climate Ambitions Through Financial Stability Mandates
This paper discusses how financial stability governance has evolved and how central banks and financial regulators are coping with the threats posed by climate uncertainty, providing an overview of G20 countries’ green central banking experiences in the ...
Paola D’Orazio, Lilit Popoyan
doaj +1 more source
The evolving role of national central banks
The article is devoted to the study of modern trends in the development of functions and instruments of central banks (CB). The article aims to identify new CB approaches to crisis management and the used tools’ analysis and to study the transformation ...
V. V. Kuznetsova, O. I. larina
doaj +1 more source
Central bank independence: A sensitivity analysis [PDF]
Abstract This paper investigates the empirical relationship between four measures of central bank independence and macroeconomic performance. We look at both the mean and the variance of output and inflation for twenty industrial countries for the period 1972–1992. The elasticity of inflation with respect to central bank independence is estimated and
Eijffinger, S.C.W. +2 more
openaire +8 more sources
Os Bancos Centrais e sua ambivalência público-privada [Central Banks and their public-private nature] [PDF]
The paper analyzes the historic origin of Central Banks, from three basic processes: the evolution and convergence of the free banking system to a hierarchical and centralized system in the Central Bank; the transformation of Clearing Houses in Central ...
Gentil Corazza
doaj
This work aims at presenting the challenges that inflation targeting central banks may face since uncertainties represent a harmful element for the effectiveness of monetary policy, and since financial instabilities may disturb the transmission ...
Gabriel Caldas Montes
doaj +1 more source
New Financial Stability Governance Structures and Central Banks
We evaluate the institutional frameworks developed to implement time-varying macroprudential policies in 58 countries. We focus on new financial stability committees (FSCs) that have grown dramatically in number since the global financial crisis, and ...
Rochelle M. Edge, Nellie Liang
semanticscholar +1 more source
Outsourcing Central Banking: Lessons from Estonia
The literature on Currency Boards (CB) stops at the water edge in terms of dealing with the totality of the functions of a central bank. Monetary policy, and banking supervisioncan be "outsourced" in an open economy with substantial foreign direct investment (FDI)in the banking sector if political nationalism does not trump economic rationality.
Khoury, Sarkis Joseph, Wihlborg, Clas
openaire +5 more sources
Central Banks Under Stress: Reputation, Accountability and Regulatory Coherence
This symposium homes in on an area of public administration that has been through a period of significant change in the last ten years. Since the global financial crisis, central banks have expanded their operations in financial markets, buying up vast ...
S. McPhilemy, M. Moschella
semanticscholar +1 more source
Investigating the Factors Affecting Banks' Reliance on Central Bank Resources Using the GMM Method [PDF]
The central role of the central bank as the regulator of the monetary and credit system of the country plays the role of a lender of last resort in order to support banks to avoid deficit of liquidity and financial crises. The purpose of this study is to
Mohammad Ali Dehghan Dehnavi +1 more
doaj
Innowacje w płatnościach detalicznych jako wyzwanie dla banków centralnych
The purpose of this article is to assess the importance of innovations in retail payments for central banks as the institutions responsible for stability and efficiency of national payment systems.
Anna Iwańczuk-Kaliska
doaj +1 more source

