Leadership in Managing Changes in Central Banks

Noël K. Tshiani

Chapter 7 in Building Credible Central Banks, 2008, pp 118-128 from Palgrave Macmillan

Abstract: Abstract Transforming an inefficient central bank into a credible institution entails important changes over a long period of time. When change is necessary, the most important determinant of ‘getting through the swamp’ is the ability of leadership to lead. The literature on the subject indicates that the nature of the change is secondary to the perceptions that central bank employees have regarding the ability, competence and credibility of senior and middle management to achieve the desired outcome.

Keywords: Monetary Policy; Central Bank; Leadership Style; Credit Crunch; Monetary Policy Committee (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-0-230-59425-8_7

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DOI: 10.1057/9780230594258_7

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