LEADER 03698oam 2200697I 450 001 9910785314803321 005 20230725025728.0 010 $a1-136-89589-2 010 $a1-136-89590-6 010 $a1-282-92998-4 010 $a9786612929984 010 $a0-203-84103-4 024 7 $a10.4324/9780203841037 035 $a(CKB)2670000000059408 035 $a(EBL)957303 035 $a(OCoLC)741356634 035 $a(SSID)ssj0000434118 035 $a(PQKBManifestationID)11305877 035 $a(PQKBTitleCode)TC0000434118 035 $a(PQKBWorkID)10394191 035 $a(PQKB)11703494 035 $a(MiAaPQ)EBC957303 035 $a(Au-PeEL)EBL957303 035 $a(CaPaEBR)ebr10433340 035 $a(CaONFJC)MIL292998 035 $a(OCoLC)694228243 035 $a(EXLCZ)992670000000059408 100 $a20180706d2011 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 04$aThe capital needs of central banks /$fedited by Sue Milton and Peter Sinclair 210 1$aNew York :$cRoutledge,$d2011. 215 $a1 online resource (225 p.) 225 1 $aRoutledge international studies in money and banking ;$v61 300 $aConsists of papers produced for a conference at the Centre for Central Banking Studies in London, hosted by the Bank of England and concluded before the events of 2008. 311 $a0-415-74537-3 311 $a0-415-55328-8 320 $aIncludes bibliographical references and index. 327 $aBook Cover; Title; Copyright; Contents; Figures; Tables; Contributors; Acknowledgements; Abbreviations; 1 Central banks' capital: An introduction; 2 Central bank finances and independence: How much capital should a central bank have?; 3 Central bank financial strength and macroeconomic policy performance; 4 Financing the central bank: Capital adequacy and financial independence - an accountant's perspective; 5 Securing financial independence in the legal basis of a central bank; 6 Central bank capital adequacy for central banks with or without a monetary policy 327 $a7 Exchange rate appreciation and negative central bank capital: Is there a problem?8 Central bank losses, electronic money and contestable central banking; 9 Funding models for central banks: The European Central Bank - a special case?; 10 Central bank funding models and their risk-return profile; 11 How ALM techniques can help central banks; Index 330 $aCentral banks have evolved over many years, and sometimes centuries, as policy-making, not profit-making, institutions, and yet they are structured legally and financially like 'for-profit' companies of the twenty-first century. The question is what is an appropriate level of equity, or capital, for a central bank to have so that it can function for policy effectiveness over profit-maximisation, without hindrance to the achievement and maintenance of policy goals?This collection takes the reader through historical, theoretical and factual discussions on why central banks exist 410 0$aRoutledge international studies in money and banking ;$v61. 606 $aBank capital$vCongresses 606 $aBank management$vCongresses 606 $aBanks and banking, Central$vCongresses 615 0$aBank capital 615 0$aBank management 615 0$aBanks and banking, Central 676 $a332.1/1 701 $aMilton$b Sue$f1954-$01500129 701 $aSinclair$b P. J. N$01174682 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910785314803321 996 $aThe capital needs of central banks$93726663 997 $aUNINA