Financial Independence And Accountability For Central Banks
DOWNLOAD
Download Financial Independence And Accountability For Central Banks PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Financial Independence And Accountability For Central Banks book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Financial Independence And Accountability For Central Banks
DOWNLOAD
Author : Kenneth Sullivan
language : en
Publisher:
Release Date : 2014
Financial Independence And Accountability For Central Banks written by Kenneth Sullivan and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with Banks and banking, Central categories.
Central bank balance sheets have changed considerably in the years following the crisis and central banks face heightened scrutiny from government and stakeholders over the composition of their assets and liabilities, and volatility in reported income. Drawing on a range of experiences from central banks around the world, this book offers practical insights into how central banks can respond in presenting their financial statements and improve accountability.
Central Bank Independence Accountability And Transparency
DOWNLOAD
Author : B. Laurens
language : en
Publisher: Springer
Release Date : 2016-04-30
Central Bank Independence Accountability And Transparency written by B. Laurens and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-04-30 with Business & Economics categories.
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
DOWNLOAD
Author : Jan Kleineman
language : en
Publisher: BRILL
Release Date : 2021-10-18
Central Bank Independence written by Jan Kleineman and has been published by BRILL this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-10-18 with Law categories.
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
DOWNLOAD
Author : Ramesh S. Arunachalam
language : en
Publisher: Independently Published
Release Date : 2019-01-28
Central Bank written by Ramesh S. Arunachalam and has been published by Independently Published this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-01-28 with Business & Economics categories.
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 Accountability And Transparency
DOWNLOAD
Author : B. Laurens
language : en
Publisher: Palgrave Macmillan
Release Date : 2014-01-14
Central Bank Independence Accountability And Transparency written by B. Laurens and has been published by Palgrave Macmillan this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-01-14 with Business & Economics categories.
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.
Financial Supervisory Independence And Accountability Exploring The Determinants
DOWNLOAD
Author : Donato Masciandaro
language : en
Publisher: International Monetary Fund
Release Date : 2008-06
Financial Supervisory Independence And Accountability Exploring The Determinants written by Donato Masciandaro and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-06 with Business & Economics categories.
We analyze recent trends in, and determinants of, financial supervisory governance. We first calculate levels of supervisory independence and accountability in 55 countries. The econometric analysis of the determinants indicates that the quality of public sector governance plays a decisive role in establishing accountability arrangements, more than independence arrangements. It also shows that decisions regarding levels of independence and accountability are not well-connected. The results also show that the likelihood of establishing adequate governance arrangements are higher when the supervisor is located outside the central bank.
Securing Financial Independence In The Legal Basis Of A Central Bank
DOWNLOAD
Author : Fabian Amtenbrink
language : en
Publisher:
Release Date : 2009
Securing Financial Independence In The Legal Basis Of A Central Bank written by Fabian Amtenbrink and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with categories.
Together with institutional, functional and organizational independence, financial independence constitutes one of the cornerstones of central bank independence, the economic ratio of which has been demonstrated extensively in the literature. In broad terms financial independence may be defined as referring to the legal and practical arrangements identifying the finances of a central bank and the extent to which the bank is subject to outside influence in this regard. In the (legal) debate on central bank accountability, arguably arrangements relating to central bank finances have sometimes been treated in a rather step motherly fashion. Yet, with the wider debate on good governance structures having reached central banking, more attention is paid to such detailed arrangements. This contribution focuses on and aims at providing an overview on the impact on central bank independence of the legal arrangements relating to several aspects of central bank finances. While government access to central bank money undoubtedly has an impact on the financial position of the central bank, this contribution focuses on those elements, which are arguably more directly linked to the financial position of a central bank, including capitalization and recapitalization, the determination of the central bank budget and the arrangements on profit and loss distribution. In legal studies these arrangements have certainly received less attention. To this end a critical assessment of the role which the legal basis of a central bank plays in enhancing or undermining the financial position of a central bank vis-a-vis government and, thereafter. In this context, legal arrangements which do not only support the financial independence of a central bank but also enhance its accountability are observed. Where appropriate, references are included to legal arrangements in existing central bank systems so to provide for negative and positive examples.
Legal Central Bank Independence And Inflation In Latin America During The 1990s
DOWNLOAD
Author : Luis Ignacio Jácome
language : en
Publisher: International Monetary Fund
Release Date : 2001-12
Legal Central Bank Independence And Inflation In Latin America During The 1990s written by Luis Ignacio Jácome and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001-12 with Business & Economics categories.
This paper reviews central banks’ legal reform in Latin America during the 1990s and discusses the status of central bank independence in the region. Based on this information, it builds a simplified index of central bank independence which, in addition to the commonly used criteria of political and economic independence, incorporates provisions of central banks’ financial autonomy, accountability, and lender-of-last-resort. The paper finds a moderate negative correlation between increased central bank independence and inflation during 1999–2001 in 14 Latin American countries. Dissagregating the index, the same analysis suggests that economic independence is the key component driving the observed negative correlation between legal central bank independence and inflation.
The Fear Of Freedom
DOWNLOAD
Author : Marc Quintyn
language : en
Publisher: International Monetary Fund
Release Date : 2007-02
The Fear Of Freedom written by Marc Quintyn and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-02 with Business & Economics categories.
Compared with the case of central bank independence, independence for financial sector supervisors remains more controversial. This paper analyzes changes in independence and accountability arrangements in a set of 32 countries that overhauled their legal and/or institutional frameworks for supervision in recent years. Despite improvements, there is strong evidence that the endorsement of independence remains half-hearted, which shows itself through either overcompensation on the accountability side, or resort to political control mechanisms. The latter could potentially undermine the agency's credibility. The results indicate that policymakers still need to be persuaded of the long-term benefits of independence for financial sector soundness, and of the potential for a virtuous interaction between independence and accountability, if the arrangements are well-designed.
Legal Protection Liability And Immunity Arrangements Of Central Banks And Financial Supervisors
DOWNLOAD
Author : Ashraf Khan
language : en
Publisher: International Monetary Fund
Release Date : 2018-08-02
Legal Protection Liability And Immunity Arrangements Of Central Banks And Financial Supervisors written by Ashraf Khan and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-08-02 with Business & Economics categories.
This paper argues that central bank legal protection contributes to safeguarding a central bank and its financial supervisor’s independence, especially for conducting monetary and financial stability policy. However, such legal protection also entails enhanced accountability. To this end, the paper provides a selected overview of legal protection for central banks and financial supervisors (if the supervisor is part of the central bank), focusing on liability, immunity, and indemnification arrangements, and based on the IMF’s Central Bank Legislation Database. The paper also uses data from the IMF’s Article IV and FSAP Database, and the IMF MCM’s Technical Assistance Database. It lists selected country cases for illustrative purposes. It introduces the concepts of “appropriate legal protection” and “function-specific legal protection” as topics for further research.