How central banks manage their finance

As someone who worked in asset/liability management for 17 years in the private sector and more recently at the Bank for International Settlements (BIS), how central banks manage their financing is a subject that has fascinated me for quite some time. For some, the subject is seen as somewhat arcane - not that relevant to the "real" business of central banking, and even less relevant to the outside world. Although I agree that the real business of central banking should not be driven by

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.