Pregled bibliografske jedinice broj: 470958
Accountability and transparency in Croatian central bank monetary policy in the process of Croatian accession to EU
Accountability and transparency in Croatian central bank monetary policy in the process of Croatian accession to EU // 5th INTERNATIONAL CONFERENCE An Enterprise Odyssey: From Crisis to Prosperity – Challenges for Government and Business / Galetić, Lovorka at. al. (ur.).
Zagreb: Faculty of Economics and Business, UNIZG, 2010. str. 790-806 (predavanje, međunarodna recenzija, cjeloviti rad (in extenso), znanstveni)
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Naslov
Accountability and transparency in Croatian central bank monetary policy in the process of Croatian accession to EU
Autori
Piplica, Damir ; Mrcela, Ante
Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni
Izvornik
5th INTERNATIONAL CONFERENCE An Enterprise Odyssey: From Crisis to Prosperity – Challenges for Government and Business
/ Galetić, Lovorka at. al. - Zagreb : Faculty of Economics and Business, UNIZG, 2010, 790-806
ISBN
953-6025-33-7
Skup
5th INTERNATIONAL CONFERENCE An Enterprise Odyssey: From Crisis to Prosperity – Challenges for Government and Business
Mjesto i datum
Opatija, Hrvatska, 26.05.2010. - 29.05.2010
Vrsta sudjelovanja
Predavanje
Vrsta recenzije
Međunarodna recenzija
Ključne riječi
central bank responsibility; central bank transparency; central bank independence; monetary policy; implementation measures
Sažetak
Period of high inflation in the world in 70s of the last century in many countries resulted in a very successful institutional design of implementation of monetary policy. Results of a numbers of studies have prompted the importance of strengthening the role of the central bank and its independence. At the same time it became responsible for implementing monetary policy. Such a position of the central bank required transparency of its activities towards economic participants, and especially to the public. There is no doubt that such researches are triggered by a number of reasons, particularly by the collapse of confidence in the system of Breton Woods and the former European Monetary System as the guarantee of maintaining monetary stability, etc. Loss of trust in institutions that where a “guarantee“ of monetary stability induced the search for adequate alternatives in this area. Many authors have concluded that the best solution is to transfer the monetary authority from the executive authority of a country on its central bank as the central banker has long-term interests while conducting the monetary policy and it does not face the problems of short-term goals in the same way as politicians.
Izvorni jezik
Engleski
Znanstvena područja
Ekonomija
