Péter Ákos Bod

Institutions of Economic Policy

A Comparative Analysis

Government/central bank relations reconsidered

Political uncertainties and financial tensions leave their marks on monetary institutions. It is not uncommon for politicians to question anew the wisdom of central bank autonomy, claiming that “unelected officials” should not have this much power in democratic societies. At first glance, the argument looks convincing. But the system of checks and balances was invented exactly for making those elected by popular vote face countervailing power, and thus being saved, if possible, from making costly mistakes and committing excesses.

Tartalomjegyzék

Kiadó: Akadémiai Kiadó

Online megjelenés éve: 2020

ISBN: 978 963 059 970 2

Gazdaság

The reader is introduced to the purpose, structure, and organizational features of the most important institutions of market economy, such as the Treasury (Ministry of Finance), central (national) bank, bodies responsible for structural changes, supervision of competition, and regulators of strategic industries. The focus of the book is on open trade dependent states, with particular emphasis new member states of the European Union where the institutional order has been shaped by legacies of previous era as well as by policy transfer and policy advice through membership in EU, OECD, IMF and other international institutions. The bulk of the book deals with the comprehensive analysis of institutions of fiscal, monetary, competition, social, spatial policies, and with the emerging trends of new practices.

Hivatkozás: https://mersz.hu/bod-institutions-of-economic-policy//

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