{"title":"The No-Gold Central Banks","authors":"Herman Matthijs, Mark Scholliers","doi":"10.5539/res.v14n3p43","DOIUrl":null,"url":null,"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.","PeriodicalId":92134,"journal":{"name":"Review of European studies","volume":null,"pages":null},"PeriodicalIF":0.0000,"publicationDate":"2022-07-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Review of European studies","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.5539/res.v14n3p43","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
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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.
本文考察了三个不属于欧元区或美元区的国家的央行:“英格兰银行”、“挪威银行”和“加拿大银行/加拿大银行”。它采用了描述性的、事实性的分析,包括简短的历史、它们的结构和管理机构,以及一些关键的财务数据。虽然这三家银行之间有许多相似之处,例如在管理水平上,但它们在外部控制和财务稳定性方面存在很大差异。挪威央行(Norges Bank)和加拿大央行(Bank of Canada / Banque du Canada)已经出售了所有的黄金储备,而英国央行(Bank of England)的黄金储备相对于其其他资产的规模而言只有一小部分。因此,出现了无黄金银行。