Few central banks have recapitalisation deals – BoE paper
Survey of 70 jurisdictions argues institutions need “robust framework” to repair capital shortfalls
Only a few central banks have a formal framework governing how the institution may be recapitalised, a survey published by the Bank of England finds.
Many central banks have formal frameworks to remit money to the national treasury, authors Jamie Long and Paul Fisher note in the working paper. But of the 70 jurisdictions they review, only 20 have a formal agreement governing the reverse: injections of capital from the treasury to the central bank. A further 12 have an informal agreement that the
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