Staff, functions, and staff costs at central banks: an international comparison with a labor-demand model

Borradores de Economia
Número: 
419
Publicado: 
Clasificación JEL: 
E50, J23, J30, C33
Palabras clave: 
Central Banking, Labor Demand, Modernization, Functions

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During the period 2000-2004 central banks sustained a generalized reduction in their staff, which was accompanied, in most cases, with significant increases in staff costs. This could obey to an enhanced interest of central banks in focusing on their core