Discretion, not Arbitrariness

Pierluigi Ciocca
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Pierluigi Ciocca: Accademia Nazionale dei Lincei

Chapter 10 in Stabilising Capitalism, 2015, pp 56-59 from Palgrave Macmillan

Abstract: Abstract Paulson’s naive proposal — as evidenced by supervisory events in other countries, including Italy1 — poses in extreme form the question of the content and limits of central bank discretion.

Keywords: Monetary Policy; Central Bank; Monetary Union; Exchange Rate Policy; Capitalist Market Economy (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-1-137-55551-9_10

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DOI: 10.1057/9781137555519_10

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