Central bank capital in turbulent times : the risk management dimension of novel monetary policy instruments / Dirk Broeders, Aerdt Houben, Matteo Bonetti, editors.
Contributor(s): Broeders, Dirk [editor.] | Houben, Aerdt C. F. J [editor.] | Bonetti, Matteo [editor.]
Language: English Series: Contributions to finance and accounting: Publisher: Cham : Springer, 2025Description: 1 online resource (xxiv, 317 pages) : illustrations (some color)Content type: text Media type: computer Carrier type: online resourceISBN: 9783031735493; 3031735498Subject(s): Banks and banking, Central | Monetary policy | Finance | Banques centrales | Politique monétaire | Finances | financeGenre/Form: Electronic books.Additional physical formats: No titleLOC classification: HG1811Online resources: Full text is available at the Directory of Open Access Books. Click here to view. Summary: This open access book provides a comprehensive overview of the vulnerabilities of central banks' financial accounts and the implications for central bank capital and risk management in turbulent times. By combining the perspectives of academics, risk managers and policy makers, it sheds light on the complex challenges facing central banks and offers key insights into safeguarding the stability of financial systems in an uncertain future. In an era of heightened uncertainty, central banks face unprecedented risks. Following consecutive crises, they have expanded their monetary policy toolkit through quantitative easing and credit extension, which has bloated their balance sheets and exposed them to substantial risks. Moreover, central banks are confronting novel challenges like climate change and nature loss, which threaten their objectives of price stability and financial stability. At the same time, central banks find themselves in a precarious position, as they raise interest rates to combat inflation, generating financial losses on their asset portfolios. These losses threaten to erode their capitalization, a cornerstone of central bank independence and credibility.| Item type | Current location | Home library | Call number | Status | Date due | Barcode | Item holds |
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EBOOK/OPEN ACCESS
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COLLEGE LIBRARY | COLLEGE LIBRARY | Not for loan |
Includes index.
This open access book provides a comprehensive overview of the vulnerabilities of central banks' financial accounts and the implications for central bank capital and risk management in turbulent times. By combining the perspectives of academics, risk managers and policy makers, it sheds light on the complex challenges facing central banks and offers key insights into safeguarding the stability of financial systems in an uncertain future. In an era of heightened uncertainty, central banks face unprecedented risks. Following consecutive crises, they have expanded their monetary policy toolkit through quantitative easing and credit extension, which has bloated their balance sheets and exposed them to substantial risks. Moreover, central banks are confronting novel challenges like climate change and nature loss, which threaten their objectives of price stability and financial stability. At the same time, central banks find themselves in a precarious position, as they raise interest rates to combat inflation, generating financial losses on their asset portfolios. These losses threaten to erode their capitalization, a cornerstone of central bank independence and credibility.
Creative Commons Attribution 4.0 International CC BY 4.0
http://creativecommons.org/licenses/by/4.0/
Online resource; title from PDF title page (SpringerLink, viewed August 5, 2025).
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