Ethical culture and central banking

Thomas C. Baxter

Chapter 15 in Research Handbook on Law and Ethics in Banking and Finance, 2019, pp 339-350 from Edward Elgar Publishing

Abstract: The chapter examines whether central banks need to be mindful of their ethical culture. It concludes that they do need to be mindful of ethical culture and face significant adverse consequences if they reach a different conclusion. After establishing the factual predicate that central bank officials do occasionally engage in misconduct, it turns to the related topic of central banks and legitimacy, and offers the view that the objective of legitimacy and the related need for public trust makes it especially important for central banks to pay careful attention to misconduct risk. The chapter identifies some of the techniques that central banks use to mitigate misconduct risk, and the principal measures that may be employed to accomplish this objective.

Keywords: Economics and Finance; Law - Academic (search for similar items in EconPapers)
Date: 2019
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.elgaronline.com/view/edcoll/9781784716530/9781784716530.00027.xml (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable

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:elg:eechap:16471_15

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla ().