Can central banks be efficient?
Central banks are not renowned for their navel gazing. So when the world's oldest, Sweden's Riksbank, hosts a seminar on "central bank efficiency" it is worth investigating. Is the Riksbank, recently slimmed down from over 700 employees to now under 500, simply showing off its new svelte figure? Or is it coming under new pressures to meet organisational as well as inflation targets? In fact, questions about efficiency are now high on the agenda of many central banks around the world, and for
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