Record Details

Central banks in European emerging market economies in the 1990s

PSL Quarterly Review

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Title Central banks in European emerging market economies in the 1990s
 
Creator Hochreiter, Eduard
Kowalski, Tadeusz
 
Subject
Central banks, Europe, 1990s
P24, E58, N24
 
Description This paper analyzes the institutional framework of central banks in ten Central and East European countries using the ECB as benchmark. It looks at the legislated objectives of these central banks, assesses the degree of political and functional independence and the status of their democratic legitimization and accountability. We find that while much progress has been made in making the statutes "Maastricht compatible," all of them will have to be adapted once again before EMU entry. The legislation provides for democratic accountability comparable to that of the ESCB. In recent years the enacted limitations of fiscal financing have become more binding. Rescue operations in the financial sector might be seen as encroaching the independence of the central bank.   JEL Codes: P24, E58, N24Keywords: Central banks, Europe, 1990s
 
Publisher Economia civile
 
Contributor
 
Date 2013-05-10
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion

 
Format application/pdf
 
Identifier http://annalidibotanica.uniroma1.it/index.php/PSLQuarterlyReview/article/view/10344
 
Source PSL Quarterly Review; Vol 53, No 212 (2000)
PSL Quarterly Review; Vol 53, No 212 (2000)
2037-3643
ISSN 2037-3635
 
Language eng
 
Relation http://annalidibotanica.uniroma1.it/index.php/PSLQuarterlyReview/article/view/10344/10249
 
Rights Copyright (c) 2016 Eduard Hochreiter, Tadeusz Kowalski
http://creativecommons.org/licenses/by-nc-nd/4.0