Can Central Banks Go Broke?

The paper answers three questions.(1) Does it matter if a central bank suffers a large capital loss? (2) Can the central bank become insolvent? (3) When, how and by whom should the central bank be recapitalised?

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Year of publication:	2014
Authors:	Buiter, Willem H.
Publisher:	[2014]: [S.l.] : SSRN
Subject:	Zentralbank \| Central bank \| Eurozone \| Euro area \| Theorie \| Theory \| Preisstabilität \| Price stability \| Öffentlicher Haushalt \| Public budget \| Lender of Last Resort \| Lender of last resort \| Insolvenz \| Insolvency \| Geldpolitik \| Monetary policy \| Geldschöpfung \| Money creation

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Extent:	1 Online-Ressource (12 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: CEPR Policy Insight No. 24, May 2008 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments May 1, 2014 erstellt
Classification:	E42 - Monetary Systems; Standards; Regimes; Government and the Monetary System ; E50 - Monetary Policy, Central Banking and the Supply of Money and Credit. General ; E58 - Central Banks and Their Policies ; E52 - Monetary Policy (Targets, Instruments, and Effects) ; E59 - Monetary Policy, Central Banking and the Supply of Money and Credit. Other ; H27 - Other Sources of Revenue ; H11 - Structure, Scope, and Performance of Government ; H63 - Debt; Debt Management
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013048185