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Why Do Central Banks Go Weak?

Why Do Central Banks Go Weak? by Nada Oulidi
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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.
International Monetary Fund; January 2009
19 pages; ISBN 9781451986266
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Title: Why Do Central Banks Go Weak?
Author: Nada Oulidi; Alain Ize
 
ISBNs
1451986262
9781451871609
9781451915969
9781451986266