Bartels, Bernhard, Eichengreen, Barry, Weder di Mauro, Beatrice, (2016), “No smoking gun: Private shareholders, governance rules, and central bank financial behaviour”, VoxEu, 14 Νοεμβρίου
Recent events have heightened concerns that central banks with private shareholders might differ in their financial behaviour from purely public central banks, perhaps focusing excessively on profits, dividends, and risks to their balance sheets. Using information on shareholding and new data on governance rules for 35 central banks, this column finds no significant difference in financial behaviour based on ownership, due, it would appear, to governance arrangements restraining policy toward private shareholders and, more generally, affecting central bank behaviour.
Σχετικές Αναρτήσεις
- Rodriguez Palenzuela, Diego, Dees, Stéphane, (2016), “Savings and investment behaviour in the euro area”, European Central Bank, Occasional Paper Series No 167, Ιανουάριος
- Schäfer, Larissa, (2016), “Forgive but not forget: the behaviour of relationship banks when firms are in distress”, European Bank for Reconstruction and Development, Μάρτιος