Temat: financial strength - Katalog OPAC zbiorów

Skocz do pozycji: 1.

Tytuł:: Determinants of central banks’ financial strength: evidence from Central and Eastern European countries
Autorzy:: Pajdo, Barbara
Powiązania:: https://bibliotekanauki.pl/articles/943130.pdf
Data publikacji:: 2017-12-20
Wydawca:: Uniwersytet Ekonomiczny w Poznaniu
Tematy:: central banking
financial strength
accounting framework
profit distribution
Opis:: The central banks’ financial strength supports financial stability. Now in a low interest rate world it should receive much more attention as many central banks had experienced financial difficulties mainly due to operating and valuation losses. The purpose of this paper is to investigate the determinants of central banks’ financial strength and find the most appropriate measure of it. The empirical analysis is based on data from a ten-year panel for central banks from Central and Eastern European Countries that are members of the European Union (EU), but have not adopted the euro.
Źródło:: Economics and Business Review; 2017, 3(17), 4; 3-27
2392-1641
Pojawia się w:: Economics and Business Review
Dostawca treści:: Biblioteka Nauki

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Skocz do pozycji: 2.

Tytuł:: Effects of central bank financial strength on policy outcomes – a study of selected African countries
Autorzy:: Popoola, Abiodun
Powiązania:: https://bibliotekanauki.pl/articles/522330.pdf
Data publikacji:: 2018
Wydawca:: Uniwersytet Ekonomiczny w Katowicach
Tematy:: Central bank financial strength
Exchange rate
Inflation
Interest rate
Policy
Opis:: Aim/purpose – The purpose of this paper is to investigate the relationship between financial strength and policy outcomes of central banks in Africa. This is against the background of challenging policy tasks facing African central banks and the fact that they increasingly have to respond to occurrences that stem from the volatile global financial system. Design/methodology/approach – Three panel regression models were developed and estimated to capture the effects of the financial strength of the central banks of ten selected countries on their inflation outcomes, official exchange rate, and interest rate. Annual data derived from the balance sheets of ten African central banks as well as macroeconomic variables from World Development Indicators for the period 2000-2014 were used for the empirical analysis. Findings – This study found out that: central bank financial strength is not a significant determinant of inflation outcomes in African countries; central bank financial strength has a significant impact on the determination of official exchange rate in Africa; and central bank financial strength is not a significant factor in the determination of interest rates by central banks in Africa. Research implications/limitations – A major implication is that central bank financial strength is necessary for result-oriented exchange rate policy in African countries. However, studies employing other estimation methods may make for more robust results. Also, the inclusion of central banks that report the results of their operations in other languages apart from English may make for better generalization. Originality/value/contribution – This study is unique in that it has focused exclusively on central banks of countries in Africa. It has also added value by considering the effect of central bank financial strength not only on inflation, but also on exchange rate and interest rate which are issues of serious concern in developing countries.
Źródło:: Journal of Economics and Management; 2018, 34; 147-169
1732-1948
Pojawia się w:: Journal of Economics and Management
Dostawca treści:: Biblioteka Nauki

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