Central Banks on the Move

Martin Marcussen

    Research output: Contribution to journalJournal articleResearchpeer-review

    Abstract

    More than 90 per cent of all independent states have established a central bank in some form or other. During the 1990s, a vast majority of all central banks underwent structural reforms, thus achieving a larger measure of legal independence. The article illustrates that the central bank case is particularly interesting since it demonstrates that different levels and dimensions of convergence and divergence are closely interrelated, and that it takes both demand- and supply-driven explanations to account for these change processes.
    Original languageEnglish
    JournalJournal of European Public Policy
    Volume12
    Issue number5
    Pages (from-to)903-923
    Number of pages21
    ISSN1350-1763
    DOIs
    Publication statusPublished - 2005

    Keywords

    • Central banks
    • Conditionality
    • Convergence
    • Independence
    • Learning

    Cite this