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  • The Capital Needs of Central Banks

    Edited by Sue Milton, Peter Sinclair ...
    Series series Routledge International Studies in Money and Banking
    Central banks have evolved over many years, and sometimes centuries, as policy-making, not profit-making, institutions, and yet they are structured legally and financially like ‘for-profit’ companies of the twenty-first century. The question is what is an appropriate level of equity, or capital, for a central bank to have so that it can function for policy effectiveness over profit-maximisation, ... Read more

    Was $68.99 USD Now $61.99 USD