Are European Central Banks Over-Capitalized?

Lorenzo Bini Smaghi and Daniel Gros
Additional contact information
Lorenzo Bini Smaghi: Italian Treasury

Chapter 3 in Open Issues in European Central Banking, 2000, pp 67-93 from Palgrave Macmillan

Abstract: Abstract The job of central banks is to conduct monetary policy. This consists of buying and selling assets from and to the private sector, in exchange for central bank money, a rare commodity used by the financial sector to clear its daily position in the money market. The conduct of monetary policy has a direct effect on the balance sheet of both the banking system and the central bank.

Keywords: Monetary Policy; Central Bank; International Monetary Fund; Balance Sheet; Federal Reserve (search for similar items in EconPapers)
Date: 2000
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-333-98188-7_4

Ordering information: This item can be ordered from
http://www.palgrave.com/9780333981887

DOI: 10.1057/9780333981887_4

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().