Comment: Central bank governance

Seigniorage revenues have become more important to central banks as many of these institutions are feeling the squeeze financially. How these revenues are spent depend critically on sound governance structures and independence. These are the conclusions of a recent IMF working paper.*

COMMENT BY CENTRALBANKNEWS

Modern central banks face significant financial challenges. Not only have seigniorage revenues been reduced by lower inflation and a reduced demand for currency, but the cost of carrying

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