Analyses of issues related to the accounting of central banks

The views expressed in the studies presented below are those of the authors and should not be interpreted as the position of Narodowy Bank Polski.

2021:

Impact of the central bank’s financial result on the transfers of benefits across sectors of the economy 

An accounting-based model of seigniorage, and recent monetary developments 

2020:

Seigniorage and central banks’ financial results in times of unconventional monetary policy 

See also