Larger Central Bank Balance Sheets: A New Normal for Monetary Policy?

Srichander Ramaswamy and Philip Turner
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Srichander Ramaswamy: Senior Consultant, European Stability Mechanism

Chapter Chapter 3 in Asset Management at Central Banks and Monetary Authorities, 2020, pp 41-54 from Springer

Abstract: Abstract In the “new normal” for monetary policy, central bank balance sheets are likely to be larger and used more actively than before the Global Financial Crisis. Those who manage assets for central banks should take account of the asset and liability choices of many other policy-makers—those responsible for monetary policy, Treasury debt management and financial regulators. Large, diversified and less traditional central bank balance sheets have advantages.

Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-43457-1_3

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DOI: 10.1007/978-3-030-43457-1_3

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