Comment: Time for central banks to modernise

During the last 20 years, most central banks have been given much more policy autonomy and independence. Along with this have come pressures for more accountability and transparency. This is entirely appropriate as independence and accountability should be an inseparable pair.


So says Peter Nicholl in the introduction to a new book, Central Bank Modernisation, published by Central Banking Publications on August 31.

In addition, Nicholl argues that the drive towards central

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