Good governance for central banks

Proper central bank governance is fundamental for monetary stability and protection of state assets. There has been increased emphasis on good corporate governance for enterprises since the OECD principles1 were issued in 1999 and, in the past two years, corporate misconduct in the United States and Europe has brought the issue to the attention of governments, stock exchanges and international financial institutions. IFIs have recently emphasised the need for good corporate governance of

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