Naslov
Role of Central Bank in formulation and implementation of economic politics of eu members transition countries

Autori
Piplica, Damir

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
1st International Scientific Conference Economic and Social Development : proceednigs / Filipović, Davor ; Goltnik Urnaut, Anita - Frankfurt : VADEA, 2012, 226-243

ISBN
978-961-6825-49-8

Skup
International Scientific Conference Economic and Social Development (1 ; 2012)

Mjesto i datum
Frankfurt na Majni, Njemačka, 12.04.2012. - 13.04.2012

Vrsta sudjelovanja
Ostalo

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
central bank ; economic politics ; fiscal politics ; monetary politics

Sažetak
Theoretical approaches that became the basis for giving more independence to central bank in formulation and implementation of monetary politics started to become stronger for the last 30 years. At the same time another question is raised like the need for harmonisation of implementation of monetary politics by its bearer (central bank) and implementation of fiscal politics by its bearer (government). Questions and responses had not only theoretical character but extremely pragmatic significance and they started to represent legal framework which sets the behaviour of creators of certain politics. It is just under such conditions that the transition from centrally planned to market economy of east Europe economies occurred. Such extraordinary moment, not seen so far in the history, has been used for researching of legislation of ten transition countries to which we add Croatia as future member of EU and which refers to the role of central bank in formulation and implementation of economic politics. With the researches executed we have found out that the independent formulation and implementation of monetary politics in realisation of monetary stability has been defined in more or less clear form as the primary aim of all EU members transition countries central banks. But the role of central bank becomes additionally sensitive with its task to support the economic politics of government of transition countries which should not negatively reflect the monetary stability. No doubt that there is a need of strengthening of coordination of monetary authority and government at which the EU members transition countries legislation provisions should define more clearly in which form or way should central banks have their part of role in coordination of economic politics total measures. Lack of harmonisation of fiscal and monetary politic brought to macroeconomic disproportions with final negative effects on transition economies with no systems for disciplining of those countries that do not stick to the guidelines of the agreements on accession to EU.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA