Should We Have Faith in Central Banks?

Should We Have Faith
in Central Banks?

By: Otmar Issing
August 2002
Institute of Economic Affairs
ISBN: 0-255-36528-4
55 pages, 5 1/8 x 7 ž"
$19.50 paper original

Central bank independence is now in vogue because of previous experience of politicization of monetary policy. But can central bankers be trusted more than politicians? A leading monetary economist and one of Europe's most influential central bankers, argues that price stability is a common good and that it is better in the hands of an independent central bank with a clear price stability mandate.

Contents include: the role of money & the value of price stability; credibility-rules & institutions; central bank accountability; faith in the European Central Bank.

Economics
Banking

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