Central Bank pptx

... Copyright © 2007 Pearson Addison-Wesley. All rights reserved. 16-18 Chapter 16 What Should Central Banks Do? Monetary Policy Goals, Strategy, and Tactics Copyright © 2007 Pearson Addison-Wesley. ... making decisions • Increased transparency of the strategy • Increased accountability of the central bank Copyright © 2007 Pearson Addison-Wesley. All rights reserved. 16-7 Inflation Ta...

Ngày tải lên: 10/03/2014, 19:20

... take but one example directly affecting central banks, gold mining companies routinely finance their activity through gold borrowing (often from central bank stocks), which is similar to raising ... at first glance. It implies that, in the situation of a fully independent central bank such as the ECB, the central bank should be indifferent as to whether the government issu...

Ngày tải lên: 16/02/2014, 02:20

... Latvijas Banka - - 0.2978 Lietuvos bankas - - 0.4425 Magyar Nemzeti Bank - - 1.3884 Central Bank of Malta - - 0.0647 Narodowy Bank Polski - - 5.1380 Banka Slovenije - - 0.3345 Národná banka Slovenska ... national banknotes across the euro area rapidly and smoothly from 1 January 2002. Euro banknotes were also frontloaded to central banks outside the euro area, in particular to th...

Ngày tải lên: 16/02/2014, 10:20

... 92-9197-840-X (online) Triennial Central Bank Survey 2010 Contents Summary of the April 2010 Triennial Central Bank Survey 1 I. Background on the Triennial Central Bank Survey 2 II. Results ... basis. Country 1998 2001 2004 2007 2010 16 Triennial Central Bank Survey 2010 IV. Statistical notes The objective of the Triennial Central Bank Survey of Forei...

Ngày tải lên: 06/03/2014, 02:21

... many central banks’ work, and the purdah a relevant element of communication strategies. More importantly, the study of the special nature of the purdah offers a unique perspective on central bank ... of the information content of central bank communication is not ensured. This special case study therefore yields important insights into the limits to central bank transparenc...

Ngày tải lên: 06/03/2014, 09:22

... a bank adopts an IRB approach for part o f its holdings, it is expected to extend it across the entire banking group, with the exception of the banking Capitalisation of bank exposures to central ... benefits and reduces bank capital requirements held in respect of clearing member default fund contributions (DF CM ) by approximately 23%. Capitalisation of bank exposures to cent...

Ngày tải lên: 06/03/2014, 10:20

... central bank  Fear of centralized power  Distrust of moneyed interests • First U.S. experiments with a central bank terminated in 1811 and in 1836 • No lender of last resort  Nationwide bank ... Addison-Wesley. All rights reserved. 12-19 European Central Bank • Patterned after the Federal Reserve • Central banks from each country play similar role as Fed banks • Executiv...

Ngày tải lên: 10/03/2014, 19:20

... central bank may (at least partially) shape the options for the central bank to pursue the kind of policies that it deems necessary. Still, as pointed out above, existing indices of central bank ... that most papers use indices of central bank independence to characterise monetary policy while the theoretical predictions focus on central bank conservatism. CENTRAL BANK...

Ngày tải lên: 15/03/2014, 10:20

... would be revealed by a central bank that makes an effort to tell what it knows. Of course, central banks are themselves less than omniscient, and one argument within central banks for limiting the ... comment by the central bank. Even in the case of an assessment of economic conditions that are largely outside the control of the central bank, it is not plausible that a central...

Ngày tải lên: 15/03/2014, 10:20

... goals: the scope the central bank has to exercise its own discretion and the presence or absence of monetary stability as the central bank s primary goal. If the central bank has been assigned ... all focus on legal aspects of central- bank independence, they diverge in their rankings of central banks. The measures place different weights on the various aspects of central- b...

Ngày tải lên: 15/03/2014, 10:20