| Description |
1 online resource (52 pages) |
| Series |
IMF working paper ; WP/04/226 |
|
IMF working paper ; WP/04/226.
|
| Contents |
Contents -- I. INTRODUCTION AND OVERVIEW -- II. ANALYTICAL FRAMEWORK FOR DETERMINING THE DEGREE OF AUTONOMY -- III. DIRECTORS, OFFICERS, AND THEIR FUNCTIONS -- IV. IMPORTANT ELEMENTS OF BOARDS AND MANAGEMENT -- V. CONCLUSION -- REFERENCES -- MAIN GUIDELINES ON CENTRAL BANK AUTONOMY AND ACCOUNTABILITY -- CENTRAL BANK LAWS COVERED IN THE SURVEY |
| Summary |
This paper identifies issues to consider when designing the structure, size, and composition of the governing boards and management of a central bank. While central bank autonomy and accountability are generally accepted as good practice, there is less consensus regarding the structure, size, and composition of the governing bodies. This paper surveys 101 central bank laws covering 113 countries and classifies the governance structure according to degree of autonomy, functions performed, size, composition, appointment procedures, and terms of the members. The paper concludes that an appropriate balance must be struck between the functions of the governing entities, simplicity, and country specific factors. The functions of the various bodies follow logically if a greater appreciation exists for the type of autonomy delegated to the central bank |
| Bibliography |
Includes bibliographical references |
| Notes |
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL |
|
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL |
|
Print version record |
| Subject |
Banks and banking, Central.
|
|
Autonomy.
|
|
Corporate governance.
|
|
Autonomy
|
|
Banks and banking, Central
|
|
Corporate governance
|
| Form |
Electronic book
|
| Author |
Morris, JoAnne, author.
|
|
International Monetary Fund. Monetary and Financial Systems Department, issuing body.
|
| ISBN |
1282391828 |
|
9781282391826 |
|
9781451875416 |
|
145187541X |
|
9781451920017 |
|
1451920016 |
|
