Central Bank Independence: The Case of North African Central Banks

Amina Haoudi () and Ali Bennagem Touati ()
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Amina Haoudi: Faculty of Law, Economics and Social sciences, University Sidi Mohamed Ben Abdellah, Morocco
Ali Bennagem Touati: Faculty of Law, Economics and Social sciences, University Sidi Mohamed Ben Abdellah, Morocco

Journal of Central Banking Theory and Practice, 2023, vol. 12, issue 3, 61-85

Abstract: The independence of Central Banks is still considered to be a credibility factor in ensuring price stability. Thus, many central banks in transition countries have undergone a change in their statutes in order to achieve greater independence from governments. In this vein, within a decade, North African Central Banks have put in place a new institutional framework for their monetary policy. In this article, we will attempt to assess and measure the legal (de jure) and real (de facto) independence of these Central Banks (Morocco, Algeria, Libya, Tunisia, Egypt).

Keywords: Central Bank Independence; monetary policy; North Africa. (search for similar items in EconPapers)
JEL-codes: E42 E58 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:cbk:journl:v:12:y:2023:i:3:p:61-85

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