Issues in Central Bank Finance and Independence

Issues in Central Bank Finance and Independence
Conventional economic policy models focus only on selected elements of the central bank balance sheet, in particular monetary liabilities and sometimes foreign reserves. The canonical model of an "independent" central bank assumes that it chooses money (or an interest rate), unconstrained by a need to generate seignorage for itself or... READ MORE...

Publication date: February 2008
ISBN 9781451868999
$18.00

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