The governance of central banks has two dimensions: corporate governance and public governance. Public governance is an institutional framework whereby the general public governs a central bank by and through the legislative and executive bodies in a country. This paper argues that the...

pThis report presents a reexamination, by means of a comparison of Japanese and United States corporate balance sheets, of concepts that have come to be regarded as the most remarkable features of corporate finance in Japan â namely (1) a low net-worth ratio (the predominance of borrowed...

Foreword -- Preface -- Acknowledgements -- 1 Rationale of Central Banks -- 2 Governance Structure of Central Banks.-3 Public Governance of Central Banks -- 4 Governance of Monetary Policy -- 5 Ownership of Prudential Policy -- 6 Role of Central Banks in Financial Crisis Management -- 7 Scope and...