Tag Archives: Central bank independence

Finanz und Wirtschaft, July 25, 2020. PDF. The Swiss National Bank—yes, the Swiss one—feels it must remind politicians of its independence. Parliamentarians from left to right (!) voice demands. To shrink the SNB’s balance sheet? No, for more central bank profits to be distributed sooner rather than later. I discuss misconceptions, possible motivations, and a constructive response. «The best way to defend the independence of a central bank is never to exercise it.»

Die Volkswirtschaft, 24 July 2020. PDF. Clarifying the connections between outright monetary financing, QE, the distribution of seignorage profits, the relationship between fiscal and monetary policy, and central bank independence. Abstract: Wenn Parlamentarier höhere Gewinnausschüttungen der Nationalbank fordern, Kritiker im Euroraum mehr «Quantitative Easing» oder Helikoptergeld verlangen und andere Stimmen monetäre Staatsfinanzierung monieren, dann steht die Beziehung zwischen...

On Bank Underground, David Bholat and Karla Martinez Gutierrez described (in October 2019) the ownership structures of central banks across the world. From their post: Figure 4: Institutional detail on central banks not fully owned by governments

finews.asia, December 27, 2018. HTML. Independence has increasingly come under pressure and this pressure will remain. What has been tried and tested for years is now questioned again. Increasing demands on central banks reflect the failure of other state organs.

finews.asia, December 27, 2018. HTML. finews.ch, December 27, 2018. HTML. Independence has increasingly come under pressure and this pressure will remain. What has been tried and tested for years is now questioned again. Increasing demands on central banks reflect the failure of other state organs.