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Effectiveness of Internal Audit and Oversight at Central Banks : Safeguards Findings - Trends and Observations

Chamoun, E - 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/10012913900

ECB Euro Liquidity Lines

Albrizio, Silvia; Kataryniuk, Iván; Molina, Luis; … - 2023

Central bank liquidity lines have gained momentum since the global financial crisis as a crosscurrency liquidity … management tool. We provide a complete timeline of the ECB liquidity line announcements and study their signalling and spillback … effects. The announcement of an ECB euro liquidity line decreases the premium paid by foreign agents to borrow euros in FX …

Persistent link: https://www.econbiz.de/10014354526

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/10013110099

Aspects of Modern Monetary and Macroeconomic Policies

Arestis, Philip (ed.); Hein, Eckhard (ed.); … - 2007

Within the New Consensus Macroeconomics, monetary policy is upgraded while fiscal policy is downgraded. This new monetary policy has been the main instrument of policy under the guise of inflation targeting, an approach pursued by a number of central banks worldwide. This book raises problems...

Persistent link: https://www.econbiz.de/10012054254

Central Bank Independence, Regulations, and Monetary Policy : From Germany and Greece to China and the United States

Ray Chaudhuri, Ranajoy - 2018

, Greece, Russia, India, China, Japan, Brazil, and South Africa focus on the history, administrative structure, and … -- 5. Germany and the European Central Bank -- 6. Greece -- 7. The Russian Federation -- 8. India -- 9. China -- 10. Japan …

Persistent link: https://www.econbiz.de/10012396941

Greek Banking : From the Pre—Euro Reforms to the Financial Crisis and Beyond

Pasiouras, Fotios - 2012

From a period of growth and considerably high levels of profitability, Greek banks recently found themselves battling a major decrease in demand in the local market, and an increase in non-performing loans. How is the Greek banking system able to survive the crisis? This is discussed by looking...

Persistent link: https://www.econbiz.de/10012106348

The Role of Board Oversight in Central Bank Governance : Key Legal Design Issues

Bossu, Wouter - 2020

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/10012843302

Issuance of Central Bank Securities : International Experiences and Guidelines

Gray, Simon - 2015

The paper discusses the reasons for central bank (CB) issuance of securities, and reasons for choosing different approaches e.g. in maturities and target market. It provides evidence on the range of different approaches taken by those CBs which do issue, as well as suggesting reasons why some...

Persistent link: https://www.econbiz.de/10013021444

Some Lessons from Asian E-Money Schemes for the Adoption of Central Bank Digital Currency

Sun, Tao; Rizaldy, Ryan - 2023

This paper synthesizes four lessons from the experiences of six Asian e-money schemes for central banks as they consider adopting central bank digital currency (CBDC): (i) CBDC should embody four attributes: trust, convenience, efficiency, and security; (ii) CBDC service providers can facilitate...

Persistent link: https://www.econbiz.de/10014350034

Quasi-Fiscal Implications of Central Bank Crisis Interventions : Case Studies

Hooley, John; Lattie, Claney; Stella, Peter - 2023

This paper presents case studies of central bank crisis interventions during the Covid-19 and the Global Financial Crises in four jurisdictions (Canada, Chile, the United Kingdom, and the United States). The paper serves as an Annex to the main IMF Working Paper WP/23/114 ‘Quasi-Fiscal...

Persistent link: https://www.econbiz.de/10014354110

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