Central Bank Independence, Accountability, and Transparency

Central Bank Independence, Accountability, and Transparency PDF Author: B. Laurens
Publisher: Springer
ISBN: 0230282121
Category : Business & Economics
Languages : en
Pages : 270

Get Book

Book Description
This book explores three key areas of central banking and governance - autonomy, accountability and transparency. It looks at links between the areas, as well as assessing the impact of central bank autonomy on macroeconomic performance. The issues are approached from theoretical and empirical perspectives.

Central Bank Independence, Accountability, and Transparency

Central Bank Independence, Accountability, and Transparency PDF Author: B. Laurens
Publisher: Springer
ISBN: 0230282121
Category : Business & Economics
Languages : en
Pages : 270

Get Book

Book Description
This book explores three key areas of central banking and governance - autonomy, accountability and transparency. It looks at links between the areas, as well as assessing the impact of central bank autonomy on macroeconomic performance. The issues are approached from theoretical and empirical perspectives.

Central Bank Independence, Accountability, and Transparency

Central Bank Independence, Accountability, and Transparency PDF Author: B. Laurens
Publisher: Palgrave Macmillan
ISBN: 9781349585632
Category : Business & Economics
Languages : en
Pages : 270

Get Book

Book Description
This book explores three key areas of central banking and governance - autonomy, accountability and transparency. It looks at links between the areas, as well as assessing the impact of central bank autonomy on macroeconomic performance. The issues are approached from theoretical and empirical perspectives.

Unelected Power

Unelected Power PDF Author: Paul Tucker
Publisher: Princeton University Press
ISBN: 0691196303
Category : Business & Economics
Languages : en
Pages : 662

Get Book

Book Description
Tucker presents guiding principles for ensuring that central bankers and other unelected policymakers remain stewards of the common good.

Central Bank Governance and Oversight Reform

Central Bank Governance and Oversight Reform PDF Author: John Cochrane
Publisher: Hoover Press
ISBN: 0817919260
Category : Business & Economics
Languages : en
Pages : 344

Get Book

Book Description
A central bank needs authority and a sphere of independent action. But a central bank cannot become an unelected czar with sweeping, unaccountable discretionary power. How can we balance the central bank's authority and independence with needed accountability and constraints? Drawn from a 2015 Hoover Institution conference, this book features distinguished scholars and policy makers' discussing this and other key questions about the Fed.

Central Bank Independence

Central Bank Independence PDF Author: Jan Kleineman
Publisher: BRILL
ISBN: 9004481303
Category : Law
Languages : en
Pages : 238

Get Book

Book Description
In December 1999, prior to the forming of a Stockholm Centre for Commercial Law, an international symposium entitled Central Bank Independence was held at the Department of Law at Stockholm University in co-operation with the Swedish Central Bank (The Riksbank) and Queen Mary and Westfield College, London University. The participants were principally political, economic and legal specialists in the field, all with considerable international experience. This led to the topic being examined in detail from many different perspectives. This publication includes contributions by the participants and contains many important facts for those readers who wish to study and understand the different consequences of the yielding of control over financial policymaking by the traditional political organisations to a body of experts. For readers in some countries, who realise that the subject will revolutionise traditional Constitutional and Administrative Law, the topic and therefore this publication, cannot be ignored.

Central Bank

Central Bank PDF Author: Ramesh S. Arunachalam
Publisher: Independently Published
ISBN: 9781795248174
Category : Business & Economics
Languages : en
Pages : 334

Get Book

Book Description
Ten years after the financial crises of 2008, the governance of central banks continues to be a critical area of debate-embedded in this are the key aspects of central bank independence, accountability and transparency. Accordingly, several key questions have emerged regarding the role, functioning and governance of central banks: -What should the key priorities of central banks be in terms of mandates?-Given these pressing real time mandates of central banks, how to make them more strategically and operationally accountable while preserving their strategic and operational autonomy?-What implications do the above have for central bank governance and transparency of central bank operations?-How to enhance the effectiveness, efficiency and adaptability of central bank functioning, especially in terms of ensuring the development of a stable, inclusive and accountable financial sector? In this seminal work, Ramesh S Arunachalam-a professional with 30 years of multi-country experience in finance, technology and regulation-explores the above questions and provides pragmatic suggestions on how the autonomy of central banks can be preserved while at the same time ensuring that central banks remain accountable to the people at large in their respective countries.

Central Bank Independence and Transparency: Evolution and Effectiveness

Central Bank Independence and Transparency: Evolution and Effectiveness PDF Author: Christopher W. Crowe
Publisher: INTERNATIONAL MONETARY FUND
ISBN: 9781451869798
Category :
Languages : en
Pages : 28

Get Book

Book Description
This paper examines the current level of central bank independence (CBI) and transparency in a broad sample of countries using newly constructed measures, and looks at the evolution in both measures from an earlier time period. Increases in CBI have tended to occur in more democratic countries and in countries with high levels of past inflation. More independent central banks in turn tend to be more transparent, while transparency is also positively correlated with measures of national institutional quality. Exploiting the time dimension of our data to eliminate country fixed effects and using instrumental variable estimation to overcome endogeneity concerns, we present evidence that greater CBI is associated with lower inflation. We also find that enhanced transparency practices are associated with the private sector making greater use of information provided by the central bank.

Central Bank Independence and Transparaency

Central Bank Independence and Transparaency PDF Author: Jan Libich
Publisher:
ISBN: 9780733421273
Category : Banks and banking, Central
Languages : en
Pages : 32

Get Book

Book Description


The Federal Reserve System Purposes and Functions

The Federal Reserve System Purposes and Functions PDF Author: Board of Governors of the Federal Reserve System
Publisher:
ISBN: 9780894991967
Category : Banks and Banking
Languages : en
Pages : 0

Get Book

Book Description
Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.

Issues in the Governance of Central Banks

Issues in the Governance of Central Banks PDF Author:
Publisher:
ISBN: 9789291317912
Category : Banks and banking, Central
Languages : en
Pages : 189

Get Book

Book Description
This report by the Central Bank Governance Group presents information intended to help decision-makers set up governance arrangements that are most suitable for their own circumstances. The report draws on a large body of information on the design and operation of central banks that the BIS has brought together since it initiated work on central bank governance in the early 1990s. The need to deal with chronic inflation in the 1970s and 1980s prompted the identification of price stability as a formal central bank objective and led to a significant reworking of governance arrangements. The current global financial crisis could have equally important implications for central banks, particularly with respect to their role in fostering financial stability. Although it is too early to know how central banking will change as a result, the report takes an important first step in identifying governance questions that the crisis poses.