Independence in Crisis : The Argentinean Central Bank and their accountability for bureaucratic and political decisions, 1991-2007
New
Book Details
Format
Hardback or Cased Book
ISBN-10
3631638264
ISBN-13
9783631638262
Edition
New
Publisher
Peter Lang AG
Imprint
Peter Lang AG
Country of Manufacture
DE
Country of Publication
GB
Publication Date
Jul 19th, 2012
Print length
192 Pages
Weight
370 grams
Dimensions
15.60 x 27.40 x 1.70 cms
Product Classification:
Political science & theoryMonetary economicsPolitical economyBusiness & management
Ksh 7,550.00
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What have central banks done with this independence? When we infer that actors have interests, whether governments, voters or interest groups, why would we assume that central banks are technocratic institutions maximizing the welfare of the state? To answer these questions, this study looks at the Argentinean Central Bank between 1991 and 2007.
Central bankers like the idea of low inflation, but their actions have a distribution effect of richness. During the 1990s, the independence of central banks increased. What have central banks done with this independence? When we infer that all actors have interests, whether governments, voters or interest groups, why would we assume that central banks are technocratic institutions maximizing the welfare of the state? To answer these questions, this study looks at the Argentinean Central Bank between 1991 and 2007 and researches the incentives of a central bank to act strategically. This book uses a model which is an adaptation of Helmke’s model (2002, 2005) for the Supreme Court of Justice. An inter-temporal conflict of interest explains the Central Bank’s behavior.
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