Central Bank Transparency – Implications and Importance

Florin Dumiter
Additional contact information
Florin Dumiter: ”Vasile Goldis” Western University of Arad

Finante - provocarile viitorului (Finance - Challenges of the Future), 2011, vol. 1, issue 13, 175-180

Abstract: The concept of central bank transparency is, sometimes, enriched in the accountability notion. In this sense, it can be seen a distinction between transparency – a premise of central bank accountability and transparency – who is seen just as a consequence of the accountability act. In my opinion, transparency, although is linked with some degree of central bank accountability, must be analyzed and seen in an individualized manner. From the moment that central bank becomes accountable she is responsible for some precise objectives - the most important is price stability – transparency represents the main instrument conceived for attaining more accurate and precise these objectives. Attaining these objectives must be facilitated through an improved communication strategy with the wide public and financial market regarding the targets and actions which need to be accomplished for attaining the objectives. The central bank transparency effects must be overseen as a higher importance regarding accountability and efficiency impacts over the market.

Keywords: central bank transparency; accountability; efficiency (search for similar items in EconPapers)
JEL-codes: E30 E31 E43 E52 (search for similar items in EconPapers)
Date: 2011
References: Add references at CitEc
Citations:

Downloads: (external link)
http://feaa.ucv.ro/FPV/013-23.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aio:fpvfcf:v:1:y:2011:i:13:p:175-180

Access Statistics for this article

Finante - provocarile viitorului (Finance - Challenges of the Future) is currently edited by Marin OPRITESCU

More articles in Finante - provocarile viitorului (Finance - Challenges of the Future) from University of Craiova, Faculty of Economics and Business Administration Contact information at EDIRC.
Bibliographic data for series maintained by Alina Manta ().