Péter Ákos Bod

Institutions of Economic Policy

A Comparative Analysis

Central bank: an institution of variable workload

So far, we have not specified the meaning and the organisational substance of the term monetary authorities. We use plural because the responsibilities for money affairs are generally shared between the government and the central (national) bank. Currency and the financial system are crucial to any regime: as a profoundly political aspect of the functioning of the state, it is for the top authorities to decide on such strategic matters. The Ministry of finance (the Treasury, etc.) generally takes care of the administrative, regulatory, and technical aspects of the financial sector, and the national bank is in the focus of the monetary issues. Thus, there are typically two authorities in control of money and finance.

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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