Can Central Banks Go Broke?
CEPR Policy Insight No. 24, May 2008
12 Pages Posted: 10 Sep 2014
There are 2 versions of this paper
Can Central Banks Go Broke?
CEPR Policy Insight No. 24, May 2008
Number of pages: 12
Posted: 10 Sep 2014
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Can Central Banks Go Broke?
CEPR Discussion Paper No. DP6827
Number of pages: 34
Posted: 12 Jun 2008
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16
Date Written: May 1, 2014
Abstract
The paper answers three questions.
(1) Does it matter if a central bank suffers a large capital loss?
(2) Can the central bank become insolvent?
(3) When, how and by whom should the central bank be recapitalised?
Keywords: Seigniorage, central bank independence, monetary financing, base money
JEL Classification: E42, E50, E58, E52, E59, H27, H11, H63
Suggested Citation: Suggested Citation
Buiter, Willem H., Can Central Banks Go Broke? (May 1, 2014). CEPR Policy Insight No. 24, May 2008. Available at SSRN: https://ssrn.com/abstract=2489665
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