How large should central bank balance sheets be?

Reading Time: 5 minutesSince the global financial crisis, the size of central bank balance sheets has varied widely, both over time and across countries. Balance sheet size has major implications in many domains, including the operation of the payments system, the transmission of monetary policy and the cost of public debt. by Masatoshi Ando and Álvaro Pina, OECD… Read More »How large should central bank balance sheets be?