Central banks losses, do they matter?
Pelusi, Raffaella Pia (A.A. 2022/2023) Central banks losses, do they matter? Tesi di Laurea in International finance, Luiss Guido Carli, relatore Guido Traficante, pp. 67. [Master's Degree Thesis]
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Abstract/Index
How do central banks make profits and losses? CB balance sheet over time. CB's balance sheet structure. Sources of income. Sources of losses. What makes central banks different from other banks? Objectives of central banks and commercial banks. Regulatory framework for central banks vs. commercial banks. Money creation process. Lending and deposits. Independence of central banks and commercial banks. What is the impact of losser for central banks? Does it matter? Central banks with negative capital. Do central banks care about losses? Impact of losses on monetary policy objectives. Solvency and limited resources of central banks. Possible responses of central banks to losses. Specific and general buffers. Loss carried forward and future profits. Recapitalization by the government. The role of communication. Case study on Eurosystem. historical analysis of Eurosystem losses. Profit-losses sharing mechanism. Policy implications of losses in the Eurosystem. Possible responses to Eurosystem central banks losses.
References
Bibliografia: pp. 62-67.
| Thesis Type: | Master's Degree Thesis |
|---|---|
| Institution: | Luiss Guido Carli |
| Degree Program: | Master's Degree Programs > Master's Degree Program in Economics and Finance (LM-56) |
| Chair: | International finance |
| Thesis Supervisor: | Traficante, Guido |
| Thesis Co-Supervisor: | Polo, Andrea |
| Academic Year: | 2022/2023 |
| Session: | Autumn |
| Deposited by: | Alessandro Perfetti |
| Date Deposited: | 24 May 2024 13:35 |
| Last Modified: | 24 May 2024 13:35 |
| URI: | https://tesi.luiss.it/id/eprint/38677 |
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