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
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Creator |
Hochreiter, Eduard
Kowalski, Tadeusz |
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Subject |
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Central banks, Europe, 1990s P24, E58, N24 |
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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
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Publisher |
Economia civile
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Contributor |
—
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Date |
2013-05-10
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Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — |
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Format |
application/pdf
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Identifier |
http://annalidibotanica.uniroma1.it/index.php/PSLQuarterlyReview/article/view/10344
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Source |
PSL Quarterly Review; Vol 53, No 212 (2000)
PSL Quarterly Review; Vol 53, No 212 (2000) 2037-3643 ISSN 2037-3635 |
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Language |
eng
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Relation |
http://annalidibotanica.uniroma1.it/index.php/PSLQuarterlyReview/article/view/10344/10249
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Rights |
Copyright (c) 2016 Eduard Hochreiter, Tadeusz Kowalski
http://creativecommons.org/licenses/by-nc-nd/4.0 |
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