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Central Bank Ratings - A New Methodology for Global Excellence (Hardcover, 1st ed. 2015)
Loot Price: R242
Discovery Miles 2 420
You Save: R1,261
(84%)
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Central Bank Ratings - A New Methodology for Global Excellence (Hardcover, 1st ed. 2015)
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List price R1,503
Loot Price R242
Discovery Miles 2 420
You Save R1,261 (84%)
Expected to ship within 9 - 15 working days
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When the global financial crisis broke, central banks in both the
US and the UK undertook massive asset purchase programmes which
resulted in considerable increase in assets. Cross-border spillover
effects were noted across global economies. Balance sheet
adjustments may eventually gnaw at the profit-earning capacities of
central banks, and in extreme cases, negative equity can manifest.
This study investigates a benchmark for comparing central banks.
The author employs a unique and large set of metrics to gauge the
quality of central banks and presents an argument to reflect upon
international best practices. The study uses different criteria
including the accounting body, research, presence of stress-testing
exercises, inflation-targeting frameworks, staff efficiency, and
languages of communication with the public, amongst others. The
book begins by providing an overview of central banking, before
exploring some stylized facts about central banks in unique detail.
It then presents a ratings methodology for worldwide central banks
to analyse the results. A backtesting exercise is included to
validate the quality of the ratings obtained. The book concludes by
offering insights into the comparison of central banks.
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