✦ LIBER ✦

The responsibilities of central banks in the transition economies

✍ Scribed by Lionel Price

Publisher: John Wiley and Sons
Year: 1998
Tongue: English
Weight: 222 KB
Volume: 10
Category: Article
ISSN: 0954-1748
DOI: 10.1002/(sici)1099-1328(199807/08)10:5<643::aid-jid508>3.0.co;2-3

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✦ Synopsis

The paper ®rst considers the extent of the dierences in the responsibilities and functions of major Western central banks, and suggests that these are in part a result of their dierent histories. The common origins of the central banks of the transition economies have resulted in greater similarities between these institutions, who mostly perform a wider range of tasks than their Western comparators. But the reforms achieved by the new central banks vary with some of the CIS central banks in particular having made only limited progress. The numbers of sta employed in the new central banks (compared with the population of the country) show a similar range to that of Western central banks, though the Central Bank of Russia is unusually large.

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