The history of central banks is rich in modifications to their role and functions. In the last thirty years - before the 2008 crisis - the mandate of central banks has been progressively narrowed. In a large number of countries, the central bank mandate has been focused on the area of monetary policy with a particular focus on the goal of price stability. This narrowing of the mandate has been accompanied by changes in their governance arrangements. These arrangements emphasize the importance of central bank independence from the political process.

Reconceptualizing central banking: from the great Inflation to the great recession and beyond

MASCIANDARO, DONATO
2016

Abstract

The history of central banks is rich in modifications to their role and functions. In the last thirty years - before the 2008 crisis - the mandate of central banks has been progressively narrowed. In a large number of countries, the central bank mandate has been focused on the area of monetary policy with a particular focus on the goal of price stability. This narrowing of the mandate has been accompanied by changes in their governance arrangements. These arrangements emphasize the importance of central bank independence from the political process.
2016
9781107100930
9781316181553 (e-ISBN)
Buckey, Ross P.; Avgouleas, Emilios; Arner, Douglas W.
Reconceptualizing global finance and its regulation
Masciandaro, Donato
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11565/3990815
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