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Governments increasingly are seeking to use bilateral and regional trade agreements to reduce the cost-increasing effects of differences in product market regulation. They also pursue regulatory cooperation independent of trade agreements. It is important to understand what is being done through...
Persistent link: https://www.econbiz.de/10012951018
Taking a normative approach this paper identifies and develops basic principles for the good governance of central banks, namely independence, democratic accountability and transparency. In doing so the paper focuses on the arrangements surrounding the primary task of a central bank, i.e. the...
Persistent link: https://www.econbiz.de/10012766417
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In 2016 and 2017, states continued their engagement with international investment law. A small minority of states displayed scepticism or tried to disengage themselves from their investment law obligations. This chapter addresses select institutional developments in international investment law...
Persistent link: https://www.econbiz.de/10012841950
Drawing on the 2016 update of the IMF's Central Bank Legislation Database, this paper examines differences in central bank legal frameworks before and after the Global Financial Crisis. Examples from select countries show that many central bank laws have undergone changes in objectives,...
Persistent link: https://www.econbiz.de/10012956503
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casts doubt on the legitimacy and desirability of its rules and policies. First this chapter outlines teh two strands of …
Persistent link: https://www.econbiz.de/10014179369
The legitimacy of central banking -- The challenge to the technocracy -- The culture of central banking -- Experts and … the public -- Towards financial citizenship and a new legitimacy narrative -- A program for action -- Between the last …
Persistent link: https://www.econbiz.de/10011855405
Some academic literature maintains that high independent central banks are characterised by low democratic accountability. In this paper, we try to improve previous studies' evidence, using an alternative central bank independence index, which we suggest, in the updated measurement of a larger...
Persistent link: https://www.econbiz.de/10013098244
Persistent link: https://www.econbiz.de/10012656707