Size and Composition of the Central Bank Balance Sheet

Released on by Shigenori Shiratsuka
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  • Size and Composition of the Central Bank Balance Sheet Book Detail

  • Author : Shigenori Shiratsuka
  • Release Date : 2009
  • Publisher :
  • Genre : Banks and banking, Central
  • Pages : 42
  • ISBN 13 :
  • File Size : 81,81 MB
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Size and Composition of the Central Bank Balance Sheet by Shigenori Shiratsuka PDF Summary

Book Description: "This paper re-examines Japan's experience of the quantitative easing policy in light of the policy responses against the current financial and economic crisis. Central banks use various unconventional measures in the range of financial assets being purchased and in the scale of such purchases. As the scope of such unconventional measures expands, it is often emphasized that the U.S. Federal Reserve policy reactions focus more on the asset side of its balance sheet, the so-called credit easing . By contrast, the Bank of Japan's quantitative easing policy from 2001 to 2006 set a target for the current account balances, the liability side of its balance sheet. It is crucial to understand that central banks combine the two elements of their balance sheets, size and composition, to enhance the overall effects of unconventional policy measures, given constraints on policy implementation.--Author's abstract.

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Do Central Banks Need Capital?

Do Central Banks Need Capital?

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Central banks may operate perfectly well without capital as conventionally defined. A large negative net worth, however, is likely to compromise central bank in