Central banking and balance sheet risks

Show simple item record

dc.contributor.author Välimäki, Tuomas
dc.date.accessioned 2014-09-23T07:25:04Z
dc.date.available 2014-09-23T07:25:04Z
dc.date.issued 2011
dc.identifier.uri https://helda.helsinki.fi/bof/handle/123456789/9814
dc.description.abstract The main risks of central banking are always related to the success of the policy implemented, ie whether the decisions made lead to price stability and whether other economic policies can be supported without prejudice to price stability. Central banking is also associated with financial risks. These are relevant particularly in situations marked by destabilising developments on the financial markets and in the economy and by central bank interventions in foreign exchange, money or capital markets. Although financial returns are not a primary central bank objective, financial independence is a prerequisite for an effective conduct of monetary policy aimed at maintaining price stability. This article examines the financial risks involved in Eurosystem activities from the perspective of developments in the Eurosystem balance sheet.
dc.format.extent 37-48
dc.language.iso eng
dc.rights https://helda.helsinki.fi/bof/copyright
dc.subject rahapolitiikka
dc.subject eurojärjestelmä
dc.subject riskit
dc.subject keskuspankit
dc.subject taseet
dc.subject euroalue
dc.subject valuuttavaranto
dc.subject EKP
dc.subject Suomen Pankki
dc.subject SP
dc.title Central banking and balance sheet risks
dc.type Artikkeli
dc.identifier.urn URN:NBN:fi:bof-201408073131
dc.series.name Bank of Finland. Bulletin. Monetary policy and the global economy
dc.series.number 4

Files in this item

Total number of downloads: Loading...

Files Size Format View
172253.pdf 750.7Kb PDF View/Open

This item appears in the following Collection(s)

Show simple item record