The best central banks: a. Are independent of political pressure. b. Are accountable to elected representatives and

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The best central banks:

a. Are independent of political pressure.

b. Are accountable to elected representatives and the public.

c. Communicate their objectives, actions, and policy deliberations clearly to the public.

d. Articulate clearly how they will act when their goals conflict.

e. Are credible in their efforts to meet their objectives.

f. Make decisions by committee rather than by an individual.

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Money Banking And Financial Markets

ISBN: 9781260226782

6th Edition

Authors: Stephen Cecchetti, Kermit Schoenholtz

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Question Posted: Mar 21, 2024 05:42 AM

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The best central banks: a. Are independent of political pressure. b. Are accountable to elected representatives and

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The best central banks typically exhibit several key characteristics that contribute to their effectiveness in achieving their objectives and maintain...View the full answer

Money Banking And Financial Markets

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