Emerging Political Realities Expose Central Bank Tradition

TY - JOUR

T1 - Emerging Political Realities Expose Central Bank Tradition

AU - Dwyer, MacDara

PY - 2014/6/1

Y1 - 2014/6/1

N2 - WE habitually think of the difficulties faced by central banks in primarily eco-nomic terms. However, recent develop-ments – themselves the culmination of long-standing, even ancient, structural problems – in many of the world’s devel-oped economies point to an increase in challenges of a strictly political nature to central banks. This is because central banks, particularly in Europe, are increas-ingly being expected to intervene in political affairs, or are faced with issues that have strong political origins or rami-fications. This, in turn, has the potential to drastically affect the form and scope of central bank duties and operations.

AB - WE habitually think of the difficulties faced by central banks in primarily eco-nomic terms. However, recent develop-ments – themselves the culmination of long-standing, even ancient, structural problems – in many of the world’s devel-oped economies point to an increase in challenges of a strictly political nature to central banks. This is because central banks, particularly in Europe, are increas-ingly being expected to intervene in political affairs, or are faced with issues that have strong political origins or rami-fications. This, in turn, has the potential to drastically affect the form and scope of central bank duties and operations.

M3 - Article

VL - VI

SP - 193

EP - 206

JO - Journal of Risk and Regulation North Asia

JF - Journal of Risk and Regulation North Asia

IS - 1

ER -