Capitalizing Central Banks : A Net Worth Approach

A Net Worth Approach

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 capital needed by a central bank to ensure the credibility of its... READ MORE...

Publication date: January 2005
ISBN 9781451860344
$15.00

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