scholarly journals A Comparative Analysis of Developments in Central Bank Balance Sheet Composition

Author(s):  
Christiaan Pattipeilohy



2020 ◽  
pp. 1-32
Author(s):  
Roger E. A. Farmer ◽  
Pawel Zabczyk

This paper is about the effectiveness of qualitative easing, a form of unconventional monetary policy that changes the risk composition of the central bank balance sheet. We construct a general equilibrium model where agents have rational expectations, and there is a complete set of financial securities, but where some agents are unable to participate in financial markets. We show that a change in the risk composition of the central bank’s balance sheet affects equilibrium asset prices and economic activity. We prove that, in our model, a policy in which the central bank stabilizes non-fundamental fluctuations in the stock market is self-financing and leads to a Pareto efficient outcome.





This study is conducted to analyze the profitability analysis of Domain to Host. The aim of the study is to learn about the effectiveness and performance of the Company, to suggest measures for the improvement of the company, to know the position of company in the market, to know whether the company is in a profitable position, to calculate the future trends and profits of the company using trend analysis and to know the profitability of the company by comparing the current year balance sheet with previous year using comparative analysis. The data of the past 5 years are taken into account for study. The performance is compared within those periods. This study finds out the areas where the Domain to Host can improve to increase the efficiency of its assets and funds employed. The scope of the study involves factors that financial efficiency of the Company. To increase profit and sales growth of the company. This study finds out the operational efficiency of the organization and allocation of the resources to improve the efficiency of the organization.



2021 ◽  
pp. 329-342
Author(s):  
David Stockman

We are now far advanced into the third central bank generated bub-ble of the last two decades, but our monetary politburo has taken no notice whatsoever of its self-evident leading wave. Namely, the massive malinvestments and debt mania in the shale patch. Call them monetary bourbons. It is no exaggeration to say that inhabitants of the Eccles Building deserve every single word of Talleyrand’s famous epithet: «They learned nothing and forgot nothing». To wit, during the last cycle they claimed to be fostering the Great Moderation and permanent full employment prosperity. It didn’t work. When the housing and credit bubble blew-up, it washed out all the phony gains from the Greenspan/Bernanke printing spree. By the time the liquidation was finished in early 2010, there were 2 million fewer payroll jobs than there had been at the turn of the century. Never mind. The Fed simply doubled-down. Instead of expand-ing its balance sheet by 50%, as happened during the eight years between 2000 and 2008, it went into monetary warp drive, balloon-ing its made-from-thin-air liabilities by 5X in only six years.



Author(s):  
E. Myasnikova ◽  
L. Voskresenskaya

The article is devoted to the discussion of the prospect of issuing in Russia the digital currency of the Central Bank - the digital ruble. The properties and characteristics of the digital ruble, models of the functioning of the digital currency are considered. The place of the Central Bank in the process of functioning of the platform for the production of digital rudders shown. The main stages of development and implementation of the digital ruble are presented. Expert assessments of the possibilities and consequences of the introduction of the digital ruble are discussed. The impact of the digital ruble of the Central Bank on the financial system and the potential risks of introducing a digital currency are assessed. A comparative analysis of technologies for creating a digital ruble platform been carried out. The strategies of the central banks of various countries in creating models and mechanisms for issuing digital currencies into circulation are considered. Conclusions are made about the prospects for the introduction of the digital ruble in Russia. It noted that the problem of choosing the organization of the circulation of digital currency remains unresolved. Model C creates an excessive load of settlements on the Central Bank; Model D distributes the settlement load among commercial banks, which greatly increases the risks of clients – legal entities and individuals.



2014 ◽  
pp. 1284-1302
Author(s):  
Yıldız Özkök

Today, Central Banks' primary target is to maintain the price stability. In that context, through their monetary policy, they intervene in the money market with different tools. The Analytical Balance Sheet was created upon summing up and offsetting Balance Sheet of the Central Bank of Republic of Turkey (CBRT) in order to represent specific monetary aggregates. By means of that, CBRT aims to make the balance sheet more understandable and simple. In this chapter, firstly the sub items of the Analytical Balance Sheet are explained; secondly, the economic crises of Turkey during 2000-2009 is mentioned; finally, effects of these crises on the CBRT's Analytical Balance Sheet, changes in monetary aggregates which are Currency Issued, Reserve Money, Monetary Base, and Central Bank's Money, and in this context structure of the monetary policy of the CBRT in this period is analyzed.



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