| |
Central Bank Autonomy And Accountability Facilitate Price And Financial Sector Stability, Which Are Conducive To Sustainable Economic Growth. In The Literature Autonomy Is Sometimes Preferred To The Frequently Used Them Independence, As Autonomy Entails Operational Freedom While Independence Indicates An Lack Of Institutional Constraints. A Central Bank Must Have Clearly Defined And Prioritized Objectives, Sufficient Authority To Achieve These Objectives And Be Autonomous To Remain Credible. At The Same Time, It Must Be Accountable For The Authority Delegated To It To Ensure Checks And Balances. Reforming The Legislative Frame Work For A Central Bank, Often After A Crisis Can Help Boost The Credibility Of Central Bank Policies (E.G. Monetary Policy). The Concepts Of Authority, Independence, Autonomy, Transparency And Accountability Collectively Define Central Bank Governance. These Together Should Form The Basis Of The Legal Framework Governing A Central Bank And On Which Central Bank Governance Should Rest. It Is Very Important To Understand The Need, Importance And Impact Of Good Governance Of A Central Bank In Ensuring Smooth Functioning Of A Country`S Financial And Economic Systems. This Book Shall Be A Significant Contribution As It Intends To Explore And Present Various Aspects Of Governance In Central Banking.This Book Will Essentially Focus On The Need, Importance And Impact Of Good Governance Of A Central Bank In Ensuring Smooth Functioning Of Financial And Economic System And Achieving Overall Economic Welfare. It Also Highlights Various Structural, Policy And Political Issues And Challenges That A Central Bank Faces In Achieving Good Governance. It Also Puts Forward The Initiatives And Experiences Of Central Banking Governance In Various Countries (Us, Uk, Japan And India Etc). The Book Is Targated To Students, Researchers, Professors And Scholars In The Fields Of Banking, Finance And Economics Besides Professionals And Executives From Banking, Finance And Financial Services Industries.
ISBN - 9788131427095
|
| |
Pages : 246
|