Central Banks as Investors and Related Conflicts of Interest
| Title in English | Central banks as investors and related conflicts of interest |
|---|---|
| Authors | |
| Year of publication | 2024 |
| Type | Article in Periodical |
| Magazine / Source | Studia Iuridica Cassoviensia |
| MU Faculty or unit | |
| Citation | |
| web | Open access článku |
| Doi | http://dx.doi.org/10.33542/SIC2024-2-03 |
| Keywords | Central banks; Conflicts of interest; Ownership of corporate securities |
| Description | In recent history, central banks started adopting significantly more aggressive measures in order to fulfil targets of their monetary policies and began including corporate securities in their purchase programmes. That presents new legal challenges because it gives rise to numerous conflicts of interest between the legal mandates of central banks and their goals as investors. The paper firstly delineates types and amounts of corporate securities purchased by select central banks. Secondly the paper identifies and describes conflicts of interest that arise out of these purchases. To conclude, a solution for these conflicts of interest is proposed. |
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