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Why do central banks go weak? /
Determinants of central banks' profitability are studied using a statistical analysis of their balance sheets, country characteristics, and the macroeconomic and institutional environments in which they operate. Central banks at both tails of the distribution of profits generally operate in poo...
| Clasificación: | Libro Electrónico |
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| Autores principales: | , |
| Autor Corporativo: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Washington, D.C. :
International Monetary Fund,
©2009.
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| Colección: | IMF working paper ;
WP/09/13. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | Determinants of central banks' profitability are studied using a statistical analysis of their balance sheets, country characteristics, and the macroeconomic and institutional environments in which they operate. Central banks at both tails of the distribution of profits generally operate in poorer countries with more troubled macroeconomic and institutional environments. For these central banks, profitability is strongly influenced by fiscal dominance and, to a lesser extent, by how actively central banks used their balance sheet for monetary policy purposes. |
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| Notas: | At head of title: Monetary and Capital Markets Department. "January 2009." |
| Descripción Física: | 1 online resource (17 pages) |
| Bibliografía: | Includes bibliographical references (page 17). |
| ISBN: | 1462347711 9781462347711 1451871600 9781451871609 1451986262 9781451986266 1282842358 9781282842359 9786612842351 6612842350 |