Emerging Political Realities Expose Central Bank Tradition

MacDara Dwyer

Research output: Contribution to journalArticle

Abstract

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.
Original languageEnglish
Pages (from-to)193-206
Number of pages13
JournalJournal of Risk and Regulation North Asia
VolumeVI
Issue number1
Publication statusPublished - 1 Jun 2014

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