Central banks are unique public institutions. Generally, they are established by government, funded by government, and their governors and directors are appointed by government. Yet they have to be autonomous or independent from government! If not independent, grave risks entailing political manipulation and exploitation awaits them, harbouring threatening consequences for the economy and social structure of the country. Consequently, central bank independence (CBI) is currently international ...
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2021-Jun-13 11:15:18