The Independence of the Central Bank

Raghuram Rajan

Working Papers from eSocialSciences

Abstract: Central banking does not mean just rates cuts and rate rising. There are many decisions to be taken sometimes unpopular or hard-to-explain ones, to be made under conditions of extreme uncertainty. There are many reasons as to why we need an independent central bank. [St. Stephen’s College, New Delhi].

Keywords: central bank; rate cuts; rates; uncertainty; Macroeconomic Stability; growth; non-payers; Dividend Policy; financial assets; liabilities; currency; commercial banks (search for similar items in EconPapers)
Date: 2016-09
Note: Institutional Papers
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