Conceptual Approach Concerning the Main Components of Central Banks Independency
AbstractConcerns specific to central bank independency, both on scientific and practical levels, have highly occurred in the ninth decade of the last century, thanks to the existence of some global and regional factors: adopting the objective related to steadiness of prices, liberalization of capitals movements, decreasing of SMEs, etc. Nowadays, the polemics are mainly guided by taking into account the independency level, which the monetary authority should have upon government; though, the dependence towards companies, banks or other financial institutions should not be neglected either. This paper approaches aspects related to central bank independency, both economical and political, as well as the legal components influence of central bank towards the current monetary-financial economy.
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Bibliographic InfoArticle provided by Ovidius University of Constantza, Faculty of Economic Sciences in its journal Ovidius University Annals, Economic Sciences Series.
Volume (Year): X (2010)
Issue (Month): 1 (May)
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Web page: http://www.univ-ovidius.ro/facultatea-de-stiinte-economice
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Economic and monetary union; Central Bank; independency;
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