Organizational Reform

Anand Chandavarkar

Chapter 12 in Central Banking in Developing Countries, 1996, pp 192-217 from Palgrave Macmillan

Abstract: Abstract One of the more glaring ironies and oddities of the prolific debate on central banking reform alike in the industrial and developing countries is the virtual absence of any discussion of the most crucial determinant of the effectiveness of a central bank — the quality and motivation of its personnel at all levels, the chief executive, management and staff. In the ultimate analysis it is the adequacy and efficiency of the central bank’s human capital more than its financial structure and range of instruments and statutory powers that will underwrite its credibility as an independent and respected policy-making entity. It is also the most difficult, challenging and time-consuming task that faces any central bank. As a former

Keywords: Central Bank; Civil Service; None None; Knowledge Worker; Internal Auditor (search for similar items in EconPapers)
Date: 1996
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DOI: 10.1057/9780230371507_12

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