Central Bank Credit to the Government: What Can We Learn from International Practices?

Working Paper No. 12/16

Using a central bank legislation database, this paper documents and analyzes worldwide institutional arrangements for central bank lending to the government and identifies international practices. Key findings are: (i) in most advanced countries, central banks do not finance government expenditure; (ii) in a large number of emerging and... READ MORE...

Publication date: January 2012
ISBN 9781463931216

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Publication date: January 2012


Publication date: January 2012