The Autonomy of the Central Bank of Chile: Origins and Legitimacy

Andrés Bianchi

Journal Econom a Chilena (The Chilean Economy), 2009, vol. 12, issue 3, 11-23

Abstract: The Central Bank of Chile was granted autonomy through its Basic Constitutional Act that was enacted in October 1989, towards the end of the military regime. Because of this origin, in its beginnings this reform was subject to strong criticism. This paper analyzes the political and economic processes that explain how the Bank’s independence gradually gained legitimacy and ultimately obtained the widespread acceptance it enjoys today.

Date: 2009
References: Add references at CitEc
Citations:

Downloads: (external link)
https://si2.bcentral.cl/public/pdf/revista-economi ... n3Dic2009pp11_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:chb:bcchec:v:12:y:2009:i:3:p:11-23

Access Statistics for this article

Journal Econom a Chilena (The Chilean Economy) is currently edited by Sofia Bauducco

More articles in Journal Econom a Chilena (The Chilean Economy) from Central Bank of Chile Contact information at EDIRC.
Bibliographic data for series maintained by Sebastian Antinao ().