Recent events have heightened concerns that central banks with private shareholders might differ in their financial behaviour from purely public central banks, perhaps focusing excessively on profits, dividends, and risks to their balance sheets. Using information on shareholding and new data on governance rules for 35 central banks, this column finds no significant difference in financial behaviour based on ownership, due, it would appear, to governance arrangements restraining policy toward private shareholders and, more generally, affecting central bank behaviour.
Bernhard Bartels, Barry Eichengreen, Beatrice Weder di Mauro, 14 November 2016
Related
-
Edward Lazear
Most Read
-
Hötte, Somers, Theodorakopoulos
-
Doepke, Hannusch, Kindermann, Tertilt
-
Harrison
-
Hartmann, Leonello, Manganelli, Papoutsi, Schnabel, Sigaux
-
Attinasi, Gerinovics, Gunnella, Mancini, Metelli
-
Burgess, Sievertsen
-
Eichengreen, O'Rourke
-
Mitze, Kosfeld, Rode, Wälde
-
Heldring, Robinson
-
Allen
Blogs&Reviews
-
Carraro, Cœuré, Dhand, Eichengreen, Mills, Rey, Sapir, Schwarzer
-
Evenett
-
Fullerton, Levinson
-
Hoffmann, Moench, Pavlova, Schultefrankenfeld
-
Reichlin, Adam, McKibbin, McMahon, Reis, Ricco, Weder di Mauro
Events
-
6 - 6 July 2022 / Online & On ESMT Berlin campus, Schlossplatz 1, 10178 Berlin / ESMT Berlin and CEPR
-
11 - 13 July 2022 / / National Council of Applied Economic Researach (NCAER)
-
13 - 13 July 2022 / / CEPR and WIPO
-
8 - 19 August 2022 / Online / Harvard Kennedy School Executive Education
-
22 - 23 August 2022 / Palais Coburg, Vienna, Austria / WU Vienna University of Economics and Business Research Institute for Capital Markets (ISK)
CEPR Policy Research
-
Gobillon, Solignac
-
Giglio, Maggiori, Stroebel, Weber
-
Summers, Fatás
-
Favero, Galasso
-
Butt, Churm, McMahon, Morotz, Schanz
-
Eichengreen, Avgouleas, Poiares Maduro, Panizza, Portes, Weder di Mauro, Wyplosz, Zettelmeyer
-
Baldwin, Beck, Bénassy-Quéré, Blanchard, Corsetti, De Grauwe, den Haan, Giavazzi, Gros, Kalemli-Ozcan, Micossi, Papaioannou, Pesenti, Pissarides , Tabellini, Weder di Mauro
-
Baldwin, Nakatomi
-
Thimann
-
Goodhart, Perotti