ESC
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Entrepreneurship and Sustainability Issues Open Access
Scopus - coverage starting with 2017 material
Received: 2018-03-20  |  Accepted: 2018-05-06  |  Published: 2018-09-30

Title

Performance measurement issues in central banks


Abstract

Central banks play an important role in financial system and are an essential part of overall public sector finances. Monetary policy responsibilities are common to all central banks. Financial stability is another area of central bank activity. Central banks provide financial stability by controlling the actions of the commercial banks. Central banks also are as lenders of last resort and payment mechanism managers. But the key issue in this article is to concentrate on foreign reserves management as a source of bank profit. The aim of this research is to create a performance valuation framework which could help to compare foreign reserves management results in different central banks. Quantitative and qualitative reasearch methods are used in this article. For quantitative analysis various statistical techniques are used and for qualitative analysis the main method is a case study. There are a lot of measures for commercial banks sector valuation but in practice we see a lack of analysis tools for central banks performance measurement. Foreign reserves management is an on-going process aimed at maximizing expected return over a defined investment horizon. Valuing foreign reserves management results we should concentrate on specified risk budget and the opportunity to have different kind of assets in the investment portfolio.


JEL classifications

E58 , G20


URI

http://jssidoi.org/jesi/article/215


DOI


Pages

176-189


Funding


This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License

Authors

Teresienė, Deimantė
Vilnius University, Vilnius, Lithuania https://www.vu.lt
Articles by this author in: CrossRef |  Google Scholar

Journal title

Entrepreneurship and Sustainability Issues

Volume

6


Number

1


Issue date

September 2018


Issue DOI


ISSN

ISSN 2345-0282 (online)


Publisher

VšĮ Entrepreneurship and Sustainability Center, Vilnius, Lithuania

Cited

Google Scholar

Article views & downloads

HTML views: 309  |  PDF downloads: 176

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