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|c 5.00 USD
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|z 9781451860344
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Ize, Alain.
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|a Capitalizing Central Banks :
|b A Net Worth Approach /
|c Alain Ize.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2005.
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| 300 |
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|a 1 online resource (25 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a This paper provides a simple, quantitative, net worth-based, approach to assessing the need for central bank capital. It derives a concept of "core capital" (a function of the central bank's operating expenditures and the carrying cost of its international reserves) as the minimum capital needed by a central bank to ensure the credibility of its inflation target. The approach is illustrated with the published accounts of three loss-making central banks and selected accounting entries for a broader sample of central banks. Policy implications are explored. In particular, the paper argues that central bank capitalizations cannot be automatic and require instead a broad policy debate.
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|a Mode of access: Internet
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|a IMF Working Papers; Working Paper ;
|v No. 2005/015
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2005/015/001.2005.issue-015-en.xml
|z IMF e-Library
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