Description

Determinants 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.

People who purchased this product also purchased

Reforming Government Subsidies in the New Member States of the European Union ($18.00)

Strategic Interactions between an Independent Central Bank and a Myopic Government with Government Debt ($18.00)

Vacation Over : Implications for the Caribbean of Opening U.S.-Cuba Tourism ($18.00)

Taxonomy

Banks and banking , Central banks , Financial institutions and markets

More publications in this series: Working Papers

More publications by: Nada Oulidi ; Alain Ize