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On global scale, central banks' holdings of foreign reserves have escalated sharply in recent years. World … in the world. This pace of reserves accumulation is occurring without regard to its diminishing marginal benefits and …
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This study investigates the evolution of central bank profits as fiscal revenue (or: seigniorage) before and in the aftermath of the global financial crisis of 2008-9, focusing on a select group of central banks - namely the Bank of England, the United States Federal Reserve System, the Bank of...
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