Results 31 to 40 of about 6,218,740 (344)
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
Bank Supervision Russian style: Rules versus Enforcement and Tacit Objectives [PDF]
We focus on the conflict between two central bank objectives, namely individual bank stability and systemic stability. We study the licensing policy of the Central Bank of Russia (CBR) in 1999-2002.
Claeys, Sophie +2 more
core +1 more source
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
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
Should Central Banks Issue Digital Currency?
We study how the introduction of a central bank-issued digital currency affects interest rates, the level of economic activity, and welfare in an environment where both central bank money and private bank deposits are used in exchange. Banks in our model
Todd Keister, Daniel Sanches
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
Macroprudential policy, central banks and financial stability: Evidence from China
We study the Chinese experience and provide evidence that central banks can play an active role in safeguarding financial stability. The narrative approach is used to disentangle macropudential policy actions from monetary actions.
Jan Klingelhöfer, Rongrong Sun
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
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