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Title Central bank independence, accountability, and transparency : a global perspective / Bernard J. Laurens, Marco Arnone, Jean-François Segalotto
Published Houndmills, Basingstoke ; New York, N.Y. : Palgrave Macmillan, 2009
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Description 1 online resource (xix, 270 pages) : illustrations
Contents Introduction -- Survey of models and indicators of independence -- Survey of models and indicators of accountability -- Survey of models and indicators of transparency -- Indicators of independence, accountability, and transparency -- Global trends in central bank governance -- Independence and inflation performance : new empirical evidence -- Policy lessons from global trends
Summary In the context of the current global financial crisis, where central banks have taken a key role in preserving systemic stability, this book brings together the three pillars of central bank governance and provides a joint analysis of central bank independence, accountability and transparency. It offers a comprehensive review of the literature, and proposes new indices and calculates new measures of the three pillars of central bank governance, which are afterwards applied to global central banks. This timely volume argues that, while it may not always be desirable for the central bank to supervise financial institutions, there is a strong case for all central banks not to overlook financial stability issues. This book offers the largest data sets ever published on these topics, and discusses the evolving role of central banks. The global trends that are identified should help policy-makers in countries in which legal frameworks have fallen behind to fill the gap by bringing their central bank legislation in line with actual practice
Bibliography Includes bibliographical references (pages 256-263) and index
Notes Print version record
Subject Banks and banking, Central.
Form Electronic book
Author Arnone, Marco, editor
Laurens, Bernard, editor
Segalotto, Jean-François, editor
ISBN 0230282121
1455239542 (electronic bk.)
9781455239542 (electronic bk.)