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Effectiveness of internal audit and oversight at central banks : safeguards findings - trends and observations

Chamoun, Elie; Greuning, Riaan van - 2018

Experience under the safeguards policy has shown that central banks continued to strengthen their safeguards frameworks, but that vulnerabilities prevailed in the areas of internal audit and oversight by the audit committee (AC). This paper takes steps to help unravel why this was the case,...

Persistent link: https://www.econbiz.de/10011866392

The role of board oversight in central bank governance : key legal design issues

Bossu, Wouter; Rossi, Arthur - 2019

This paper discusses key legal issues in the design of Board Oversight in central banks. Central banks are complex and sophisticated organizations that are challenging to manage. While most economic literature focuses on decision-making in the context of monetary policy formulation, this paper...

Persistent link: https://www.econbiz.de/10012155156

Sovereign debt sustainability and central bank credibility

Willems, Tim; Zettelmeyer, Jeromin - 2022

require future primary surpluses. We argue that liquidity services provided by sovereign debt may indeed lead to a "free lunch …

Persistent link: https://www.econbiz.de/10013170526

Central banks and the financial system

Giavazzi, Francesco; Giovannini, Alberto - 2010

Persistent link: https://www.econbiz.de/10008656276

Central-banking challenges for the Riksbank : monetary policy, financial-stability policy and asset management

Svensson, Lars E. O. - 2012

Persistent link: https://www.econbiz.de/10009502330

Should central banks provide reserves via repos or outright bond purchases?

Schanz, Jochen; Miles, David - 2014

Persistent link: https://www.econbiz.de/10010440182

Inflation Targeting in Dollarized Economies

Leiderman, Leonardo - 2006

The shift to inflation targeting has contributed to the relatively low inflation observed in some emerging market economies although, as noted by many economists, the preconditions required for a successful implementation were not in place. The existence of managed exchange rate regimes, a...

Persistent link: https://www.econbiz.de/10014402285

Treasury Bills and/Or Central Bank Bills for Absorbing Surplus Liquidity : The Main Considerations

Nyawata, Obert - 2012

for draining excess liquidity in the banking system. While recognizing that there are practical reasons for using central …

Persistent link: https://www.econbiz.de/10014396940

From Lombard Street to Avenida Paulista : Foreign Exchange Liquidity Easing in Brazil in Response to the Global Shock of 2008-09

Stone, Mark R. - 2009

The provision of foreign exchange liquidity by emerging market central banks during the global shock of 2008-09 departs … from the domestic liquidity lender of last resort role described by Bagehot in his classic ""Lombard Street."" This paper … documents and analyzes the foreign exchange liquidity providing measures of the Banco Central do Brasil (BCB) in response to …

Persistent link: https://www.econbiz.de/10014402073

Managing Systemic Liquidity Risk in Financially Dollarized Economies

Levy Yeyati, Eduardo - 2005

This paper evaluates ways to protect highly dollarized banking systems from systemic liquidity runs (such as the ones … the use of limited dollar liquidity to ensure the convertibility of transactional deposits with a mechanism that … automatically limits the convertibility of dollar term deposits once triggered by a predetermined decline in banks'' liquidity …

Persistent link: https://www.econbiz.de/10014404199

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