Improving Institutional Governance in Central Banks
Central banks need to attain, and demonstrate, good governance. But arrangements for institutional governance – oversight of the central bank as an independent service organisation whose business activity should demonstrably achieve effectiveness and efficiency – have received relatively little attention. What does good practice demand? What can realistically be done to improve institutional governance in central banks? How can weaker institutional governance structures be ameliorated?
John Mendzela’s article for the Central Banking journal appeared in August 2009 and is under copyright. If you use or quote from this material please attribute it to the author and publisher.