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Independence in Crisis - The Argentinean Central Bank and their accountability for bureaucratic and political decisions, 1991-2007 (Hardcover, New edition)
Loot Price: R1,280
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Independence in Crisis - The Argentinean Central Bank and their accountability for bureaucratic and political decisions, 1991-2007 (Hardcover, New edition)
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Central bankers like the idea of low inflation, but their actions
have a distribution effect of richness. During the 1990s, the
independence of central banks increased. What have central banks
done with this independence? When we infer that all actors have
interests, whether governments, voters or interest groups, why
would we assume that central banks are technocratic institutions
maximizing the welfare of the state? To answer these questions,
this study looks at the Argentinean Central Bank between 1991 and
2007 and researches the incentives of a central bank to act
strategically. This book uses a model which is an adaptation of
Helmke's model (2002, 2005) for the Supreme Court of Justice. An
inter-temporal conflict of interest explains the Central Bank's
behavior.
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