Central Bank Ratings

A New Methodology for Global Excellence

Indranarain Ramlall

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Hardback

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English

Springer Nature Switzerland AG
02 July 2022

International economics; Financial accounting; Financial services industry

When the global financial crisis broke, central banks in both the US and the UK undertook massive asset purchase programmes which resulted in considerable increase in assets. Cross-border spillover effects were noted across global economies. Balance sheet adjustments may eventually gnaw at the profit-earning capacities of central banks, and in extreme cases, negative equity can manifest.

This updated book investigates a benchmark for comparing central banks. The author employs a unique and large set of metrics to gauge the quality of central banks and presents an argument to reflect upon international best practices covering 124 banks in this latest study. The study uses different criteria including the accounting body, research, presence of stress-testing exercises, inflation-targeting frameworks, staff efficiency, and languages of communication with the public, amongst others. The book begins by providing an overview of central banking, before exploring some stylized facts about central banks in unique detail. It then presents a ratings methodology for worldwide central banks to analyse the results. A backtesting exercise is included to validate the quality of the ratings obtained. The book concludes by offering insights into the comparison of central banks.

By: Indranarain Ramlall
Imprint: Springer Nature Switzerland AG
Country of Publication: Switzerland
Edition: Second Edition 2022
Dimensions: Height: 210mm, Width: 148mm,
Weight: 331g
ISBN: 9783030987121
ISBN 10: 3030987124
Pages: 132
Publication Date: 02 July 2022
Audience: Professional and scholarly , Undergraduate
Format: Hardback
Publisher's Status: Active

Chapter 1.Introduction.- Chapter 2.An Overview of Central Banking in the World.- Chapter 3.Some Stylized Facts about Central Banks.- Chapter 4.Ratings Methodology for central banks worldwide.- Chapter 5.Second and Third Division Rated Central Banks.- Chapter 6.Results and Discussions.- Chapter 7.Backtesting.- Chapter 8.Conculusion.

Indranarain Ramlall is Associate Professor at the University of Mauritius. Prior to joining the University, he was Credit Corporate Officer at the State Bank of India (Mauritius), and then Fund Manager at Anglo-Mauritius Financial Services Limited. Dr. Ramlall previously worked within the Financial Markets Division and the Financial Stability Unit at the Bank of Mauritius (The Central Bank of Mauritius). At this time, he also served as a member of the Joint Working Group Committee on Debt Management and the Sub-Committee on Treasury Bill Allocation. His research interests include financial stability, central banking, risk management, economics and finance in Mauritius, investment analysis, quantitative techniques and econometric modelling, and the economics of climate change and Green Finance.