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Record Nr. |
UNINA9910816924103321 |
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Autore |
Oulidi Nada |
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Titolo |
Why Do Central Banks Go Weak? / / Nada Oulidi, Alain Ize |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2009 |
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ISBN |
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1-4623-4771-1 |
1-4518-7160-0 |
1-4519-8626-2 |
1-282-84235-8 |
9786612842351 |
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Edizione |
[1st ed.] |
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Descrizione fisica |
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Collana |
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Altri autori (Persone) |
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Disciplina |
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Soggetti |
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Banks and banking, Central - Econometric models |
Monetary policy - Econometric models |
Accounting |
Bank deposits |
Banking |
Banks and Banking |
Banks and banking |
Banks |
Central bank balance sheet |
Central Banks and Their Policies |
Depository Institutions |
Finance, Public |
Financial reporting, financial statements |
Financial statements |
Income |
Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General |
Macroeconomics |
Micro Finance Institutions |
Mortgages |
Personal income |
Personal Income, Wealth, and Their Distributions |
Public Administration |
Public Sector Accounting and Audits |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Bibliographic Level Mode of Issuance: Monograph |
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Nota di bibliografia |
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Includes bibliographical references. |
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Nota di contenuto |
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Intro -- Contents -- I. Introduction -- II. Controlling for Country Income and Size: Central Banking From a Mile High -- III. The Who Is Who of Central Bank Profitability: A Simple Partition Analysis -- IV. Linking Profitability Back to the Financial Accounts: A Statistical Analysis -- V. Conclusions -- Tables -- 1. Regression Results for the Income Statement Components -- 2. Regression Results for the Balance Sheet Components -- 3. Country Characteristics by Group -- 4. Income Profiles by Group -- 5. Balance Sheet Profiles by Group -- 6. Pairwise Correlations Between Profits and its Components -- 7. Variance Decomposition of Profits -- 8. Regression of Profits on the Main Balance Sheet Components -- 9. Variance Decomposition of Profits -- 10. Regression of Profits on Balance Sheet Volatility -- References. |
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Sommario/riassunto |
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Determinants of central banks' profitability are studied using a statistical analysis of their balance sheets, country characteristics, and the macroeconomic and institutional environments in which they operate. Central banks at both tails of the distribution of profits generally operate in poorer countries with more troubled macroeconomic and institutional environments. For these central banks, profitability is strongly influenced by fiscal dominance and, to a lesser extent, by how actively central banks used their balance sheet for monetary policy purposes. |
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