Download This PaperCan 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?
Can Central Banks Go Broke?
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
CESifo (Center for Economic Studies and Ifo Institute)
Poschinger Str. 5
Munich, DE-81679
Germany
HOME PAGE: http://www.CESifo.de
Register to save articles to
your library
Recommended Papers
-
Europe for Growth: For a Radical Change in Financing the EU
By Jutta Haug, Alain Lamassoure, ...
-
The EU's Response to the Financial Crisis: A Mid-Term Review
By Karel Lannoo
-
New Modes of Monetary Policy: Qualitative Easing by the Fed
By Philipp Bagus and Markus H. Schiml
-
By Philipp Bagus and David Howden
-
By Karel Lannoo
