Journal Article

Some observations on central bank accountability


Abstract: An analysis of the institutional design of the Federal Reserve System, stating that the central bank should be given a clear legislative mandate to achieve price-level stability and financial market efficiency, along with the independence and accountability necessary to realize these goals.

Keywords: Banks and banking, Central; Federal Reserve System - Independence;

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Provider: Federal Reserve Bank of Cleveland

Part of Series: Economic Commentary

Publication Date: 1991

Issue: Oct

Order Number: 2