TAILIEUCHUNG - Central bank governance and financial stability: A report by a Study Group

Migration and remittances patterns in Nicaragua are also worth noting. Migration from Nicaragua is predominantly to Costa Rica and the United States. In a nationwide study conducted in June 2001, 42 per cent of those living in Managua reported having a relative abroad, compared to 35 per cent in the Pacific region and 29 per cent from North-Central Nicaragua. The majority of those reporting outside Managua had relatives working in Costa Rica, whereas those living in Managua had relatives primarily migrating to the United States (Orozco, 2003). Receiving households use the vast majority of remittances for daily. | BANK FOR INTERNATIONAL SETTLEMENTS Central bank governance and financial stability A report by a Study Group Chair Stefan Ingves Governor Sveriges Riksbank May 2011 Copies of publications are available from Bank for International Settlements Press Communications CH-4002 Basel Switzerland Email publications@ or cbgovernance@ Fax 41 61 280 9100 and 41 61 280 8100 Bank for International Settlements 2011. All rights reserved. No reproduction or distribution of any parts outside the central bank community is permitted. Project Origin and Contributors Origins This project was initiated by the Central Bank Governance Group following a detailed discussion of governance issues relating to financial stability. This report contains details of new arrangements in a number of places set in the context of a wider discussion of relevant governance issues. Such new arrangements usefully illustrate the different institutional solutions that are possible for a complex problem. Contributors Members of the Study Group Stefan Ingves Chairman Sveriges Riksbank Malcolm Edey Reserve Bank of Australia Rodrigo Cifuentes Jorge Desormeaux to December 2009 Central Bank of Chile Gertrude Tumpel-Gugerell European Central Bank Sylvie Matherat Bank of France Kenzo Yamamoto Bank of Japan José Julián Sidaoui Dib and Guillermo Guemez García Bank of Mexico Nestor Espenilla Jr and Johnny Noe E Ravalo Bangko Sentral ng Pilipinas Piotr Szpunar National Bank of Poland Paul Tucker Bank of England William B English Patrick M Parkinson to October 2009 Federal Reserve System Members of the Central Bank Governance Group during the preparation of the report Stanley Fischer Chairman Bank of Israel Stefan Ingves Sveriges Riksbank Mervyn King Bank of England Donald Kohn Board of Governors of the Federal Reserve System Tito Mboweni South African Reserve Bank Henrique de Campos Meirelles Central Bank of Brazil Lucas Papademos European Central Bank Tarisa Watanagase Bank of Thailand Zeti Akhtar Aziz .

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