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Political economy of central banks
Journal article   Peer reviewed

Political economy of central banks

K. Jayasuriya
Australian Journal of Political Science, Vol.29(1), pp.115-134
1994
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Abstract

Current developments in the field of comparative political economy have emphasised the role and influence of corporatist institutions in the determination of levels of economic and social performance. Without denying the importance of corporatism, the paper argues for the need to acknowledge and examine the impact of other institutions, such as central banks, on economic performance. Given the increasing role of monetary policy in fashioning economic development, central banks have assumed a key economic and political role in policy formation. Against this background, the paper explores the theoretical and empirical implications of central bank independence, and suggests that a greater emphasis should be placed on the nature and type of central bank independence and on the institutional linkages between central banks and other state institutions.

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#10 Reduced Inequalities

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Citation topics
6 Social Sciences
6.27 Political Science
6.27.157 Political Representation
Web Of Science research areas
Political Science
ESI research areas
Social Sciences, general
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