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Central Bank independence : a critical view from a developing country perspective.

By:

MAS, Ignacio Mas

Material type: Text

TextPublication details: 1995Action note:

3/7/00 M2LMGR

Summary: Discusses the reasons why the institution of an independent central bank may not necessarily bring about its professed benefits. Explores central bank-government relations, concentrating on the potential for conflict between monetary and fiscal policy. Supports the observation that the benefits of central bank independence are less likely to obtain in less developed economies with shallow financial markets.

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Discusses the reasons why the institution of an independent central bank may not necessarily bring about its professed benefits. Explores central bank-government relations, concentrating on the potential for conflict between monetary and fiscal policy. Supports the observation that the benefits of central bank independence are less likely to obtain in less developed economies with shallow financial markets.

3/7/00 M2LMGR

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