Central banks are expected to save the world . Other countries enjoy additional sources of income: Central banks in South Korea and France pay corporate taxes in addition to dividends.Of course, the extra cash is never guaranteed. It's gotten complicated in Japan, for example, where the central bank's massive stimulus hit the dividend. South Africa's central bank, too, opted to use a surplus to replenish its contingency reserves. Asking the central bank to pay more than it earned is akin to infusing permanent liquidity that will have to be taken back through other channels, he said.

Source: Economic Times September 06, 2016 07:07 UTC