Why is financial strength important for central banks?

Return to Growth in CIS Countries: Monetary Policy and Macroeconomic Framework

Volumn , Issue , 2006, Pages 267-280

  Schobert, Franziska ^a  

^a DEUTSCHE BUNDESBANK   (Germany)

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EID: 68349098303     PISSN: None     EISSN: None     Source Type: Book    
DOI: 10.1007/3-540-34264-8_10     Document Type: Chapter

References (12)

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2. Bindseil, U., Manzanares, A. and B. Weller (2004) The role of central bank capital revisited, European Central Bank Working Paper Series, 392
3. Blejer, M., Schumacher, L., 1998, Central bank vulnerability and the credibility of commitments: a value-at-risk approach to currency crisis, International Monetary Fund Working Paper, 98/65
4. Dalton, J. and C. Dziobek, 2005, Central Bank Losses and Experiences in Selected Countries, International Monetary Fund Working Paper, 05/72, Washington D.C.
5. Grilli, V., Masciandaro, D., Tabellini, G., 1991, Political and Monetary Institutions and Public Finance Policies in the Industrial Countries, Economic Policy 13: 341-92
6. Hawkins, J., 2003, Central bank balance sheets and fiscal operations. In: Bank for International Settlement Paper, 20, Fiscal issues and central banking in emerging economies, Basel International Financial Statistics, International Monetary Fund International Monetary Fund, various country reports on Turkey
7. Mackenzie, G.A. and P. Stella, 1996, Quasi-fiscal operations of public financial institutions, Occasional paper, 142, International Monetary Fund, Washington D.C.
8. Schobert, F., 2006, Linking financial soundness and independence of central banks-Central and Eastern Europe, Turkey and CIS countries, Review of International Banking and Finance, forthcoming
9. Stella, P., 1997, Do Central Banks Need Capital? International Monetary Fund Working Paper, 97/83, Washington DC
10. Stella, P., 2002, Central bank financial strength, transparency and policy credibility, International Monetary Fund Working Paper, 02/137, Washington DC
11. Stella, P., 2003, Why central banks need financial strength. What are the tell-tale signs of a weak central bank? Central Banking, 14 (2), 23-29
12. Vyugin, O., 2003, Budget and tax problems and central banks, In: Bank for International Settlement Paper, 20, Fiscal issues and central banking in emerging economies, Basel