Showing 1 - 10 of 22
received as much attention as their independence. We analyze in a theoretical model the effects of accountability in the form … of possible overriding of economic policy decisions by the government under different degrees of independence of expert …
Persistent link: https://www.econbiz.de/10010297927
Government Statement also proposes to reduce the independence of regulators by holding them to account through a whole series of … rather than undermining regulatory independence. For example, it facilitates investment in long-lived assets with a large …'s unexplained move to reduce regulators' independence finds no support in either the government commissioned background report …
Persistent link: https://www.econbiz.de/10010277611
We argue that there is a natural trade-off between the independence and the accountability of a central bank. Economist …'s emphasis on the independence aspect has contributed to creating situations, where the central banks' accountability is largely …
Persistent link: https://www.econbiz.de/10005481732
Central banks’ economic and political importance has grown in advanced economies since the start of the Great Financial Crisis in 2007. An unwillingness or inability of governments to use countercyclical fiscal policy has made monetary policy the only stabilization tool in town. However, much...
Persistent link: https://www.econbiz.de/10011084413
Central banks’ economic and political importance has grown in advanced economies since the start of the Great Financial Crisis in 2007. An unwillingness or inability of governments to use countercyclical fiscal policy has made monetary policy the only stabilization tool in town. However, much...
Persistent link: https://www.econbiz.de/10011114270
This study examines the relationship between internal audit functions and financial management performance in the public sector in Malaysia. The internal auditor is entrusted with a monitoring responsibility to ensure the integrity of the management of public funds. The need for effective...
Persistent link: https://www.econbiz.de/10010888520
The paper deals with the issue of central bank independence, which has become the topic of many debates in the last … years. Central bank independence is considered one of the determinants of the inflation, as empirical studies have found a … negative correlation between central bank independence a and inflation rates in developed countries, while in emerging market …
Persistent link: https://www.econbiz.de/10008556639
This paper tries to assess the conditions under which the CNB operates. Using a basic framework suggested by Mishkin (2000), the aim is to find out whether the central bank is able to conduct high-quality monetary policy. First, general principles that central banks should follow to succeed in...
Persistent link: https://www.econbiz.de/10005036550
received as much attention as their independence. We analyze in a theoretical model the effects of accountability in the form … of possible overriding of economic policy decisions by the government under different degrees of independence of expert …
Persistent link: https://www.econbiz.de/10005098312
While he was managing partner and chair of Arthur Andersen in the l950s and 1960s, Leonard Spacek was an outspoken critic of public accounting, complaining about its failure to establish a coherent set of objectives for financial statements, its illogical principles and methods, and its...
Persistent link: https://www.econbiz.de/10005446354