The 1951 Treasury – Federal Reserve Accord is an important milestone in central bank history. It led to a lasting … separation between monetary policy and the Treasury's debt-management powers, and established an independent central bank focused … central bank independence. The paper shows that Eccles's support for the Accord - and central bank independence - was clearly …

Federal Reserve Board and the European Central Bank-were ultimately responsible for the outburst of global financial crisis of … tend not to take into account the policies of the European Central Bank. …

some countries registered a decisive inflow of the central bank liquidity and others showed an outflow. The dynamics in the …

In a floor system of monetary policy implementation, the central bank remunerates bank reserves at or near the market … for the public sector and may even require the government to subsidize the central bank. We show that this is not the case …. Using the monetary general equilibrium model of Berentsen et al. (2014), we show how a central bank that supplies reserves …

closed economic system through their own instrument, namely, the rate of interest for the central bank and deficit spending …

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 Japan, the Swiss National Bank, the European Central Bank, and the …

whether the central bank chooses to buy domestic or foreign assets, thus resulting in transfers either within or between … compensates for losses (the structure of indemnification agreements). Data from the Federal Reserve, the Eurosystem, and the Bank … of England show that maximum annual losses are between 0.3 and 1.5 percent of GDP. By contrast, the Swiss National Bank …