Series: IMF Working Papers
Author(s): Alain Ize
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 January 2005
Keywords: net worth, central bank, inflation, monetary fund, market debt,
This paper provides a simple, quantitative, net worth-based, approach to assessing the need for central bank capital. It derives a concept of "core capital" (a function of the central bank's operating expenditures...