Why central banks need financial strength

Sometimes complex questions, if not properly posed, are immune to solution notwithstanding massive computational capacity. I have been reminded of that recently when trying to help my 12 year-old son with his mathematics homework - rather unsuccessfully I might add. But some years ago I found myself in a situation more directly germane to the topic at hand, attempting to answer the question "Do Central Banks Need Capital?1". As that paper began to take shape it became evident that the question

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