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Showing 1 through 9 of 9 results

Central Bank Financial Strength and Policy Performance: An Econometric Evaluation

by Ulrich Klüh Peter Stella

A report from the International Monetary Fund.

Central Bank Financial Strength, Policy Constraints and Inflation

by Peter Stella

A report from the International Monetary Fund.

Central Bank Financial Strength, Transparency, and Policy Credibility

by Peter Stella

A report from the International Monetary Fund.

Do Central Banks Need Capital?

by Peter Stella

A report from the International Monetary Fund.

The Federal Reserve System Balance Sheet: What Happened and Why it Matters

by Peter Stella

A report from the International Monetary Fund.

Issues in Central Bank Finance and Independence

by Peter Stella Åke Lonnberg

A report from the International Monetary Fund.

Quasi-Fiscal Operations of Public Financial Institutions

by Peter Stella G. A. Mackenzie

Central banks and other public financial institutions act as agents of fiscal policy in many countries. Their quasi-fiscal operations and activities can affect the overall public sector balance without affecting the budget deficit as conventionally measured, may also have important allocative effects, and increase the effective size of the public sector. This paper analyzes the macroeconomic and financial effects of such quasi-fiscal activities, as well as the taxes, subsidies, and other expenditures that such activities introduce outside the budget. Measurement and accounting issues are addressed, and policy recommendations are offered.

Transparency and Ambiguity in Central Bank Safety Net Operations

by Charles Enoch Peter Stella May Khamis

A report from the International Monetary Fund.

Showing 1 through 9 of 9 results

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