Central Bank Transparency and the Signal Value of Prices

Publisher Website
Google Scholar
Abstract
A central bank must be accountable for its actions, and its decisionmaking procedures should meet the highest standards of probity and technical competence. In light of the considerable discretion enjoyed by independent central banks, the standards of accountability that they must meet are perhaps even higher than for most other public institutions. Transparency allows for democratic scrutiny of the central bank and hence is an important precondition for central bank accountability. Few would question the proposition that central banks must be transparent in this broad sense.

This publication has 0 references indexed in Scilit: