Central bank independence and democracy
In the face of the worldwide trend of granting a greater degree of autonomy to central banks, the compatibility of this scheme with a democratic society has been questioned. In this article, Miguel Urrutia concludes that the independence of the central banks removes the temptation to manage such a p...
- Autores:
-
Urrutia, Miguel
- Tipo de recurso:
- Article of journal
- Fecha de publicación:
- 1997
- Institución:
- Universidad Nacional de Colombia
- Repositorio:
- Universidad Nacional de Colombia
- Idioma:
- spa
- OAI Identifier:
- oai:repositorio.unal.edu.co:unal/48090
- Acceso en línea:
- https://repositorio.unal.edu.co/handle/unal/48090
http://bdigital.unal.edu.co/41448/
- Palabra clave:
- Bancos centrales
sociedad democrática
independencia
política monetaria
democratización
mercados financieros
locales
internacionales
opinión pública
- Rights
- openAccess
- License
- Atribución-NoComercial 4.0 Internacional
| Summary: | In the face of the worldwide trend of granting a greater degree of autonomy to central banks, the compatibility of this scheme with a democratic society has been questioned. In this article, Miguel Urrutia concludes that the independence of the central banks removes the temptation to manage such a powerful instrument as monetary policy in a populist form, and that, on the contrary, it democratizes their oversight, as it subjects them to the surveillance of parliaments, the academy, local and international financial markets, and public opinion. |
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