Central bank capital and trust in money: lessons from history for the digital age

Central bank capital and trust in money: lessons from history for the digital age

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Central bank capital and trust in money: lessons from history for the digital age

BIS Papers | No 146 | 11 June 2024by Sarah Bell, Jon Frost, Boris Hofmann, Damiano Sandri and Hyun Song ShinPDF full text (408kb) | 19 pagesHistorically, central banks have at times operated successfully with negative equity. This indicates that a negative equity position of the central bank can be fully consistent with preserving trust in money.

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