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.File in questo prodotto:
File | Dimensione | Formato | |
---|---|---|---|
Masciandaro CUP 2016.pdf
non disponibili
Tipologia:
Documento in Pre-print (Pre-print document)
Licenza:
NON PUBBLICO - Accesso privato/ristretto
Dimensione
187.97 kB
Formato
Adobe PDF
|
187.97 kB | Adobe PDF | Visualizza/Apri |
I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.