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:
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- 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
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Atribución-NoComercial 4.0 InternacionalDerechos reservados - Universidad Nacional de Colombiahttp://creativecommons.org/licenses/by-nc/4.0/info:eu-repo/semantics/openAccesshttp://purl.org/coar/access_right/c_abf2Urrutia, Miguel954cd92a-1ce2-48c0-acc3-2046cf45c4573002019-06-29T07:36:02Z2019-06-29T07:36:02Z1997https://repositorio.unal.edu.co/handle/unal/48090http://bdigital.unal.edu.co/41448/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.Ante la tendencia mundial de otogar un alto grado de autonomía a los bancos centrales, se ha cuestionado la compatibilidad de este esquema con una sociedad democrática. En este trabajo Miguel Urrutia concluye que la independencia de los bancos centrales aleja a la tentación de manejar en forma populista un instrumento tan poderoso como la política monetaria y que, por el contrario, democratiza su contol, pues la somete a la vigilancia de los parlamentos, la academia, los mercados financieros locales e internacionales y la opinión pública.application/pdfspaFacultad de Ciencias Economicas - Universidad Nacional de Colombiahttp://revistas.unal.edu.co/index.php/ceconomia/article/view/12551Universidad Nacional de Colombia Revistas electrónicas UN Cuadernos de EconomíaCuadernos de EconomíaCuadernos de Economía; Vol. 16, núm. 27 (1997); 9-13 2248-4337 0121-4772Urrutia, Miguel (1997) Central bank independence and democracy. Cuadernos de Economía; Vol. 16, núm. 27 (1997); 9-13 2248-4337 0121-4772 .Central bank independence and democracyArtículo de revistainfo:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionhttp://purl.org/coar/resource_type/c_6501http://purl.org/coar/resource_type/c_2df8fbb1http://purl.org/coar/version/c_970fb48d4fbd8a85Texthttp://purl.org/redcol/resource_type/ARTBancos centralessociedad democráticaindependenciapolítica monetariademocratizaciónmercados financieroslocalesinternacionalesopinión públicaORIGINAL12551-64641-1-PB.pdfapplication/pdf180385https://repositorio.unal.edu.co/bitstream/unal/48090/1/12551-64641-1-PB.pdf9b1319eca4f28452481dcdacca12f5b3MD51THUMBNAIL12551-64641-1-PB.pdf.jpg12551-64641-1-PB.pdf.jpgGenerated Thumbnailimage/jpeg4154https://repositorio.unal.edu.co/bitstream/unal/48090/2/12551-64641-1-PB.pdf.jpga420a13f76f2585a092e4f0a3469659cMD52unal/48090oai:repositorio.unal.edu.co:unal/480902022-11-08 23:03:42.008Repositorio Institucional Universidad Nacional de Colombiarepositorio_nal@unal.edu.co |
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Central bank independence and democracy |
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Central bank independence and democracy |
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Central bank independence and democracy Bancos centrales sociedad democrática independencia política monetaria democratización mercados financieros locales internacionales opinión pública |
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Central bank independence and democracy |
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Central bank independence and democracy |
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Central bank independence and democracy |
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Central bank independence and democracy |
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Central bank independence and democracy |
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Urrutia, Miguel |
| dc.contributor.author.spa.fl_str_mv |
Urrutia, Miguel |
| dc.subject.proposal.spa.fl_str_mv |
Bancos centrales sociedad democrática independencia política monetaria democratización mercados financieros locales internacionales opinión pública |
| topic |
Bancos centrales sociedad democrática independencia política monetaria democratización mercados financieros locales internacionales opinión pública |
| description |
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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1997 |
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1997 |
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http://revistas.unal.edu.co/index.php/ceconomia/article/view/12551 |
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Universidad Nacional de Colombia Revistas electrónicas UN Cuadernos de Economía Cuadernos de Economía |
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Cuadernos de Economía; Vol. 16, núm. 27 (1997); 9-13 2248-4337 0121-4772 |
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Urrutia, Miguel (1997) Central bank independence and democracy. Cuadernos de Economía; Vol. 16, núm. 27 (1997); 9-13 2248-4337 0121-4772 . |
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