Accounting in central banks

David Bholat and Robin Darbyshire ()

No 604, Bank of England working papers from Bank of England

Abstract: This paper examines the important but not often discussed issue of accounting in central banks. It highlights the distinguishing factors that make the financial statements of central banks unique relative to those produced by other bodies. We begin by explaining why central banks produce financial statements. We then discuss a variety of specific topics in central bank accounting. In terms of balance sheet items, we discuss banknotes, shareholders’ equity, gold, foreign exchange and financial instruments. Our discussion of the income statement then centres on profit recognition and distribution.

Keywords: Central bank accounting; central bank balance sheet; seigniorage; central bank capital (search for similar items in EconPapers)
JEL-codes: E58 G20 H83 M40 M41 M48 (search for similar items in EconPapers)
Pages: 25 pages
Date: 2016-05-20
New Economics Papers: this item is included in nep-acc, nep-cba, nep-mac and nep-mon
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:boe:boeewp:0604

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