LEADER 04326nam 22006855 450 001 9911016278703321 005 20250723130302.0 010 $a3-031-73549-8 024 7 $a10.1007/978-3-031-73549-3 035 $a(CKB)39713364100041 035 $a(DE-He213)978-3-031-73549-3 035 $a(MiAaPQ)EBC32260853 035 $a(Au-PeEL)EBL32260853 035 $a(EXLCZ)9939713364100041 100 $a20250723d2025 u| 0 101 0 $aeng 135 $aur||||||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aCentral Bank Capital in Turbulent Times $eThe Risk Management Dimension of Novel Monetary Policy Instruments /$fedited by Dirk Broeders, Aerdt Houben, Matteo Bonetti 205 $a1st ed. 2025. 210 1$aCham :$cSpringer Nature Switzerland :$cImprint: Springer,$d2025. 215 $a1 online resource (XXIV, 317 p. 49 illus., 45 illus. in color.) 225 1 $aContributions to Finance and Accounting,$x2730-6046 311 08$a3-031-73548-X 327 $aCentral bank capital adequacy: the simple analytics and complex politics -- Central Bank Capital and Trust in Money: Lessons from History for the Digital Age -- Accounting policies, distribution rules and the financial performance of central banks -- Fiscal Consequences of Central Bank Losses -- Central bank capital and shareholder relationship -- Consequences of Last Resort Policy for Central Bank Balance Sheets -- New Perspectives on Quantitative Easing and Central Bank Capital Policies -- Central bank capital and independence: a quantitative case study -- The impact of central bank digital currency on central bank profitability, risk taking and capital -- Impact of Transitions on the Financial Stability and LOLR Roles of Central Banks -- Through the Lens of Legal Mandate: Central Bank Capital in a Time of Climate Crisis. 330 $aThis open access book provides a comprehensive overview of the vulnerabilities of central banks? financial accounts and the implications for central bank capital and risk management in turbulent times. By combining the perspectives of academics, risk managers and policy makers, it sheds light on the complex challenges facing central banks and offers key insights into safeguarding the stability of financial systems in an uncertain future. In an era of heightened uncertainty, central banks face unprecedented risks. Following consecutive crises, they have expanded their monetary policy toolkit through quantitative easing and credit extension, which has bloated their balance sheets and exposed them to substantial risks. Moreover, central banks are confronting novel challenges like climate change and nature loss, which threaten their objectives of price stability and financial stability. At the same time, central banks find themselves in a precarious position, as they raise interest rates to combat inflation, generating financial losses on their asset portfolios. These losses threaten to erode their capitalization, a cornerstone of central bank independence and credibility. 410 0$aContributions to Finance and Accounting,$x2730-6046 606 $aFinance 606 $aCapital market 606 $aFinancial risk management 606 $aFinancial statements 606 $aBusiness enterprises$xFinance 606 $aFinancial Economics 606 $aCapital Markets 606 $aRisk Management 606 $aFinancial Reporting 606 $aCorporate Finance 615 0$aFinance. 615 0$aCapital market. 615 0$aFinancial risk management. 615 0$aFinancial statements. 615 0$aBusiness enterprises$xFinance. 615 14$aFinancial Economics. 615 24$aCapital Markets. 615 24$aRisk Management. 615 24$aFinancial Reporting. 615 24$aCorporate Finance. 676 $a332 702 $aBroeders$b Dirk$4edt$4http://id.loc.gov/vocabulary/relators/edt 702 $aHouben$b Aerdt C. F. J.$4edt$4http://id.loc.gov/vocabulary/relators/edt 702 $aBonetti$b Matteo$4edt$4http://id.loc.gov/vocabulary/relators/edt 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9911016278703321 996 $aCentral Bank Capital in Turbulent Times$94412336 997 $aUNINA