Advanced Search
MyIDEAS: Login to save this book or follow this series

Central Bank Governance and Challenges Posed By the Crisis

Contents:

Author Info

  • Y.V. Reddy
Registered author(s):

    Abstract

    In the first section of this paper, it will be explained that though generalizations are misleading, some of the central banks, especially among the advanced and systemically important economies, may have to take some, though not entire responsibility, for causing the global financial crisis. The second section elaborates that central banks have acquitted themselves well in avoiding a financial collapse through support of respective governments, and coordination at global level enabled them to do so. The fiscal authorities were leading the coordinated actions towards managing the crisis and embanking on the stimulus on multiple fronts. It is likely that the transparency and accountability processes are also unconventional. The third section postulates that in regard to exit policies, central banks face pressures in terms of coordination among them and with fiscal authorities as well as other regulators within each country. The fourth section briefly mentions select issues arising out of reforms under contemplation in financial sector, as a consequence of the crisis. The fifth section lists the need to revisit governance issues in central banks in the light of experience with the crisis. The concluding part focuses on governance issues of special relevance to central banks in developing countries.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.seacen.org/GUI/pdf/publications/occasional/2011/occ53/occ53.pdf
    Download Restriction: no

    Bibliographic Info

    as in new window
    This book is provided by South East Asian Central Banks (SEACEN) Research and Training Centre in its series Occasional Papers with number occ53 and published in 2011.

    ISBN: -
    Handle: RePEc:sea:opaper:occ53

    Contact details of provider:
    Postal: Level 5, Sasana Kijang, Bank Negara Malaysia, 2 Jalan Dato? Onn, 50480 Kuala Lumpur
    Phone: 603-9195 1888
    Fax: 603-9195 1801
    Email:
    Web page: http://edirc.repec.org/data/seacemy.html
    More information through EDIRC

    Related research

    Keywords:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:sea:opaper:occ53. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Yunyee).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.