Does Central Bank Capital Matter for Monetary Policy? /

Heavy foreign exchange intervention by central banks of emerging markets have lead to sizeable expansions of their balance sheets in recent years?accumulating foreign assets and non-money domestic liabilities (the latter due to sterilization operations). With domestic liabilities being mostly of sho...

Full description

Bibliographic Details
Main Author: Tovar Mora, Camilo
Other Authors: Adler, Gustavo, Castro, Pedro
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2012.
Series:IMF Working Papers; Working Paper ; No. 2012/060
Online Access:Full text available on IMF