05109oam 22011654 450 991096582420332120250426110624.0978661284235197814623477111462347711978145187160914518716009781451986266145198626297812828423591282842358(CKB)3170000000055175(SSID)ssj0000940725(PQKBManifestationID)11502819(PQKBTitleCode)TC0000940725(PQKBWorkID)10956075(PQKB)10859822(OCoLC)467294775(IMF)WPIEE2009013(MiAaPQ)EBC1605875(IMF)WPIEA2009013WPIEA2009013(EXLCZ)99317000000005517520020129d2009 uf 0engurcn|||||||||txtccrWhy Do Central Banks Go Weak? /Nada Oulidi, Alain Ize1st ed.Washington, D.C. :International Monetary Fund,2009.17 pIMF Working PapersBibliographic Level Mode of Issuance: Monograph9781451915969 1451915969 Includes bibliographical references.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.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.IMF Working Papers; Working Paper ;No. 2009/013Banks and banking, CentralEconometric modelsMonetary policyEconometric modelsAccountingimfBank depositsimfBankingimfBanks and BankingimfBanks and bankingimfBanksimfCentral bank balance sheetimfCentral Banks and Their PoliciesimfDepository InstitutionsimfFinance, PublicimfFinancial reporting, financial statementsimfFinancial statementsimfIncomeimfMacroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: GeneralimfMacroeconomicsimfMicro Finance InstitutionsimfMortgagesimfPersonal incomeimfPersonal Income, Wealth, and Their DistributionsimfPublic AdministrationimfPublic Sector Accounting and AuditsimfBanks and banking, CentralEconometric models.Monetary policyEconometric models.AccountingBank depositsBankingBanks and BankingBanks and bankingBanksCentral bank balance sheetCentral Banks and Their PoliciesDepository InstitutionsFinance, PublicFinancial reporting, financial statementsFinancial statementsIncomeMacroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: GeneralMacroeconomicsMicro Finance InstitutionsMortgagesPersonal incomePersonal Income, Wealth, and Their DistributionsPublic AdministrationPublic Sector Accounting and Audits338.102368Oulidi Nada1816022Ize Alain1804744DcWaIMFBOOK9910965824203321Why Do Central Banks Go Weak4371669UNINA