Financial crises and central bank independence

Research output: Contribution to journalArticle

4 Scopus citations

Abstract

Although cooperation between central banks and treasuries is controversial, this paper contends that in a crisis it is inevitable and desirable. Six reasons for cooperation in a crisis are advanced. Disengagement in the aftermath and restoring central bank independence is tricky, however. The paper concludes with comments on what is necessary to maintain central bank credibility.

Original languageEnglish (US)
Pages (from-to)163-165
Number of pages3
JournalBusiness Economics
Volume48
Issue number3
DOIs
StatePublished - Jul 1 2013
Externally publishedYes

All Science Journal Classification (ASJC) codes

  • Business and International Management
  • Economics and Econometrics

Keywords

  • central bank independence
  • credibility
  • financial crisis
  • monetary policy
  • postcrisis aftermath
  • treasury cooperation

Fingerprint Dive into the research topics of 'Financial crises and central bank independence'. Together they form a unique fingerprint.

  • Cite this