Capitalizing Central Banks : A Net Worth Approach /

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 cap...

Descrición completa

Detalles Bibliográficos
Autor Principal: Ize, Alain
Formato: Revista
Idioma:English
Publicado: Washington, D.C. : International Monetary Fund, 2005.
Series:IMF Working Papers; Working Paper ; No. 2005/015
Acceso en liña:Full text available on IMF