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Central Bank Ratings: A New Methodology for Global Excellence

  • Indranarain Ramlall
Book

Table of contents

  1. Front Matter
    Pages i-xii
  2. Indranarain Ramlall
    Pages 1-8
  3. Indranarain Ramlall
    Pages 9-28
  4. Indranarain Ramlall
    Pages 29-37
  5. Indranarain Ramlall
    Pages 38-73
  6. Indranarain Ramlall
    Pages 74-93
  7. Indranarain Ramlall
    Pages 94-101
  8. Indranarain Ramlall
    Pages 102-106
  9. Back Matter
    Pages 107-230

About this book

Introduction

When the global financial crisis broke, central banks in both the US and the UK undertook massive asset purchase programmes which resulted in considerable increase in assets. Cross-border spillover effects were noted across global economies. Balance sheet adjustments may eventually gnaw at the profit-earning capacities of central banks, and in extreme cases, negative equity can manifest.

This study investigates a benchmark for comparing central banks. The author employs a unique and large set of metrics to gauge the quality of central banks and presents an argument to reflect upon international best practices. The study uses different criteria including the accounting body, research, presence of stress-testing exercises, inflation-targeting frameworks, staff efficiency, and languages of communication with the public, amongst others. The book begins by providing an overview of central banking, before exploring some stylized facts about central banks in unique detail. It then presents a ratings methodology for worldwide central banks to analyse the results. A backtesting exercise is included to validate the quality of the ratings obtained. The book concludes by offering insights into the comparison of central banks.

Keywords

Central Banking Ratings Methodology ratings sheets accounting body research stress-testing inflation-targeting staff efficiency accounting bank banking inflation Rating

Authors and affiliations

  • Indranarain Ramlall
    • 1
  1. 1.University of MauritiusMauritius

Bibliographic information

  • DOI https://doi.org/10.1057/9781137524010
  • Copyright Information The Editor(s) (if applicable) and The Author(s) 2016
  • Publisher Name Palgrave Pivot, London
  • eBook Packages Economics and Finance
  • Print ISBN 978-1-349-70666-2
  • Online ISBN 978-1-137-52401-0
  • Buy this book on publisher's site