LEADER 05109oam 22011654 450 001 9910965824203321 005 20250426110624.0 010 $a9786612842351 010 $a9781462347711 010 $a1462347711 010 $a9781451871609 010 $a1451871600 010 $a9781451986266 010 $a1451986262 010 $a9781282842359 010 $a1282842358 035 $a(CKB)3170000000055175 035 $a(SSID)ssj0000940725 035 $a(PQKBManifestationID)11502819 035 $a(PQKBTitleCode)TC0000940725 035 $a(PQKBWorkID)10956075 035 $a(PQKB)10859822 035 $a(OCoLC)467294775 035 $a(IMF)WPIEE2009013 035 $a(MiAaPQ)EBC1605875 035 $a(IMF)WPIEA2009013 035 $aWPIEA2009013 035 $a(EXLCZ)993170000000055175 100 $a20020129d2009 uf 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aWhy Do Central Banks Go Weak? /$fNada Oulidi, Alain Ize 205 $a1st ed. 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2009. 215 $a17 p 225 1 $aIMF Working Papers 300 $aBibliographic Level Mode of Issuance: Monograph 311 08$a9781451915969 311 08$a1451915969 320 $aIncludes bibliographical references. 327 $aIntro -- 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. 330 3 $aDeterminants of central banks' profitability are studied using a statistical analysis of their balance sheets, country characteristics, and the macroeconomic and institutional environments in which they operate. Central banks at both tails of the distribution of profits generally operate in poorer countries with more troubled macroeconomic and institutional environments. For these central banks, profitability is strongly influenced by fiscal dominance and, to a lesser extent, by how actively central banks used their balance sheet for monetary policy purposes. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2009/013 606 $aBanks and banking, Central$xEconometric models 606 $aMonetary policy$xEconometric models 606 $aAccounting$2imf 606 $aBank deposits$2imf 606 $aBanking$2imf 606 $aBanks and Banking$2imf 606 $aBanks and banking$2imf 606 $aBanks$2imf 606 $aCentral bank balance sheet$2imf 606 $aCentral Banks and Their Policies$2imf 606 $aDepository Institutions$2imf 606 $aFinance, Public$2imf 606 $aFinancial reporting, financial statements$2imf 606 $aFinancial statements$2imf 606 $aIncome$2imf 606 $aMacroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General$2imf 606 $aMacroeconomics$2imf 606 $aMicro Finance Institutions$2imf 606 $aMortgages$2imf 606 $aPersonal income$2imf 606 $aPersonal Income, Wealth, and Their Distributions$2imf 606 $aPublic Administration$2imf 606 $aPublic Sector Accounting and Audits$2imf 615 0$aBanks and banking, Central$xEconometric models. 615 0$aMonetary policy$xEconometric models. 615 7$aAccounting 615 7$aBank deposits 615 7$aBanking 615 7$aBanks and Banking 615 7$aBanks and banking 615 7$aBanks 615 7$aCentral bank balance sheet 615 7$aCentral Banks and Their Policies 615 7$aDepository Institutions 615 7$aFinance, Public 615 7$aFinancial reporting, financial statements 615 7$aFinancial statements 615 7$aIncome 615 7$aMacroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General 615 7$aMacroeconomics 615 7$aMicro Finance Institutions 615 7$aMortgages 615 7$aPersonal income 615 7$aPersonal Income, Wealth, and Their Distributions 615 7$aPublic Administration 615 7$aPublic Sector Accounting and Audits 676 $a338.102368 700 $aOulidi$b Nada$01816022 701 $aIze$b Alain$01804744 801 0$bDcWaIMF 906 $aBOOK 912 $a9910965824203321 996 $aWhy Do Central Banks Go Weak$94371669 997 $aUNINA