A note on the independence of central banks in the Czech Republic, Hungary and Poland


Ratfai, Attila (2000) A note on the independence of central banks in the Czech Republic, Hungary and Poland. Southampton, UK, University of Southampton, 18pp. (Discussion Papers in Economics and Econometrics, 0034).

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Description/Abstract

This essay evaluates the legal independence of central banks in three Eastern European countries: the Czech Republic, Hungary and Poland. It provides a descriptive account of monetary policy making in these countries and interprets the relevant central bank charters in light of arguments for central bank independence. Information found in the legal documents is summarized in quantitative indices. The main finding is that the three central banks exhibit a similar degree of legal independence, which does not differ from that of the Bundesbank.

Item Type: Monograph (Discussion Paper)
Related URLs:
Keywords: central bank independence, transition in Eastern Europe
Subjects: D History General and Old World > D History (General) > D901 Europe (General)
H Social Sciences > HG Finance
Divisions: University Structure - Pre August 2011 > School of Social Sciences > Economics
ePrint ID: 33132
Date Deposited: 19 Jul 2006
Last Modified: 27 Mar 2014 18:20
URI: http://eprints.soton.ac.uk/id/eprint/33132

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