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The No-Gold Central Banks

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Listed:
  • Herman Matthijs
  • Mark Scholliers

Abstract

This article examines the central banks of three countries with no membership of the eurozone or the us-dollar zone- the ‘Bank of England’, the ’Norges Bank’ and the ‘Bank of Canada / Banque du Canada.’ It uses a descriptive, factual analysis including a short history, their structure and administrative bodies, and some key financial figures. While there are a number of similarities between the three banks e.g. on the level of administration, they differ considerably with respect to external controls and financial solidity. The ’Norges Bank’ and the ‘Bank of Canada / Banque du Canada‘ have sold all of their gold reserves, while the ‘Bank of England’ only holds a small amount compared to the size of its other assets. Hence, the no-gold banks.

Suggested Citation

  • Herman Matthijs & Mark Scholliers, 2022. "The No-Gold Central Banks," Review of European Studies, Canadian Center of Science and Education, vol. 14(3), pages 1-43, November.
    • Handle: RePEc:ibn:resjnl:v:14:y:2022:i:3:p:43
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    References listed on IDEAS

    as
    1. Wood,John H., 2005. "A History of Central Banking in Great Britain and the United States," Cambridge Books, Cambridge University Press, number 9780521850131.
    2. Altavilla, Carlo & Lemke, Wolfgang & Linzert, Tobias & Tapking, Jens & von Landesberger, Julian, 2021. "Assessing the efficacy, efficiency and potential side effects of the ECB’s monetary policy instruments since 2014," Occasional Paper Series 278, European Central Bank.
    3. Siklos,Pierre L., 2006. "The Changing Face of Central Banking," Cambridge Books, Cambridge University Press, number 9780521034494.
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    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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