While in some cases the larger central banks ought to be setting a good example for others to follow, it can work the other way around too. Certain Eurosystem central banks might be dripping with envy out at what the central bank in Ghana has managed to achieve, unlike them. Some of the more bloated ones - which to their credit, such as the Banque de France, are mostly attempting to remedy their obesity - would love to be able to just axe 1,000 workers willy-nilly as has just happened in
To continue reading...
Start a trial
Register for a Central Banking trial to read this article in full. Sign up today and get access to: