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...
| Glavni avtor: | |
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| Format: | Revija |
| Jezik: | English |
| Izdano: |
Washington, D.C. :
International Monetary Fund,
1997.
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| Serija: | IMF Working Papers; Working Paper ;
No. 1997/083 |
| Online dostop: | Full text available on IMF |