Central Bank Losses and Experiences in Selected Countries

Central Bank Losses and Experiences in Selected Countries
Under normal circumstances, a central bank should be able to operate at a profit with a core level of earnings derived from seigniorage. Losses have, however, arisen in several central banks from a range of activities including monetary operations under extreme conditions and financial sector restructuring. The paper discusses the impact of losses READ MORE...

Publication date: April 2005
ISBN 9781451860917
$15.00

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