Central bank ratings : a new methodology for global excellence / Indranarain Ramlall.
2022
HG1811
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Details
Title
Central bank ratings : a new methodology for global excellence / Indranarain Ramlall.
Edition
Second edition.
ISBN
9783030987138 (electronic bk.)
3030987132 (electronic bk.)
9783030987121
3030987124
3030987132 (electronic bk.)
9783030987121
3030987124
Published
Cham, Switzerland : Palgrave Macmillan, 2022.
Language
English
Description
1 online resource : illustrations (black and white).
Other Standard Identifiers
10.1007/978-3-030-98713-8 doi
Call Number
HG1811
Dewey Decimal Classification
332.1/1
Summary
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 updated book 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 covering 124 banks in this latest study. 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. Indranarain Ramlall is Associate Professor at the University of Mauritius. Prior to joining the University, he was Credit Corporate Officer at the State Bank of India (Mauritius), and then Fund Manager at Anglo-Mauritius Financial Services Limited. Dr. Ramlall previously worked within the Financial Markets Division and the Financial Stability Unit at the Bank of Mauritius (The Central Bank of Mauritius). At this time, he also served as a member of the Joint Working Group Committee on Debt Management and the Sub-Committee on Treasury Bill Allocation. His research interests include financial stability, central banking, risk management, economics and finance in Mauritius, investment analysis, quantitative techniques and econometric modelling, and the economics of climate change and Green Finance.
Note
Previous edition: 2016.
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Available in Other Form
Central bank ratings.
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Table of Contents
Chapter 1.Introduction
Chapter 2.An Overview of Central Banking in the World
Chapter 3.Some Stylized Facts about Central Banks
Chapter 4.Ratings Methodology for central banks worldwide
Chapter 5.Second and Third Division Rated Central Banks
Chapter 6.Results and Discussions
Chapter 7.Backtesting
Chapter 8.Conculusion.
Chapter 2.An Overview of Central Banking in the World
Chapter 3.Some Stylized Facts about Central Banks
Chapter 4.Ratings Methodology for central banks worldwide
Chapter 5.Second and Third Division Rated Central Banks
Chapter 6.Results and Discussions
Chapter 7.Backtesting
Chapter 8.Conculusion.