Locating the function of bank supervision in the central bank has been a contentious issue, both domestically and … internationally. Most discussions of the role of bank supervision in central banking have focused on crisis management and the … responsibilities of the central bank as a lender of last resort. However, recent research by the authors has shown that confidential …

Central banks in larger industrialized countries increasingly favor market operations, the buying and selling of … market operations, foreign central banks most commonly trade securities issued or guaranteed by their governments and …

Foreign exchange swaps have appeared for some time in the intervention toolkit of many central banks around the world …. 332), seven of fourteen industrial-country central banks surveyed listed foreign exchange swaps against either the U …

Central bankers in the United States and abroad must grapple with a broad array of questions about how best to conduct … central bank independence aid in achieving either or both of these goals? Does a stable, short-run trade-off between inflation … and unemployment exist, and can it be exploited by a central bank? What instrument should the central bank manipulate in …