The Mystique Surrounding the Central Bank's Balance Sheet, Applied to the European Crisis
收藏NBER2013-01-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w18730
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资源简介：
In spite of the mystique behind a central bank's balance sheet, its resource constraint bounds the dividends it can distribute by the present value of seignorage, which is a modest share of GDP. Moreover, the statutes of the Federal Reserve or the ECB make it difficult for it to redistribute
提供机构：
美国国家经济研究局
创建时间：
2013-01-01
