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...
| Auteur principal: | |
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| Format: | Revue |
| Langue: | English |
| Publié: |
Washington, D.C. :
International Monetary Fund,
1997.
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| Collection: | IMF Working Papers; Working Paper ;
No. 1997/083 |
| Accès en ligne: | Full text available on IMF |