Central Bank Independence (Stella & Lönnberg)

Issues in Central Bank Finance and Independence by Peter Stella and Ake Lönnberg, published by IMF. This paper discusses several issues in what might be termed “central bank finance”. The view taken in this paper is that it is necessary to evaluate the corporate financial structure of the central bank as a stand-alone entity, particularly when one is evaluating the monetary policy credibility of an independent central bank. http://migre.me/16eXP