PL EN


Preferencje help
Widoczny [Schowaj] Abstrakt
Liczba wyników
2005 | nr 56 | 81--104
Tytuł artykułu

Odpowiedzialność banków centralnych w krajach Europy Środkowej

Autorzy
Warianty tytułu
Accountability of Central Banks in Central Europe
Języki publikacji
PL
Abstrakty
Przedstawiono rozważania dotyczące odpowiedzialności banku centralnego oraz wspomniano o badaniach poruszających to zagadnienie. Wyjaśniono pojęcie odpowiedzialności oraz scharakteryzowano jej kontekście pojęć transparentności i autonomii. Omówiono odpowiedzialność przedmiotową i podmiotową określające zakres kompetencji banku centralnego. Szczegółowo zanalizowano odpowiedzialność podmiotową w sześciu krajach Europy Środkowej: Bułgarii, Czechach, Polsce, Rumunii, Słowacji i Węgrzech.
EN
The first part of this paper discusses the problem of proper extent of a central bank's accountability. The sought-after solution will be a central bank which is autonomous and accountable. The second part defines characteristics of accountability, on the assumption that accountability acts 'ex post' and the subject under analysis is an autonomous central bank. Owing to long time-lags in observing results of monetary policy the accountability of a central bank must be supplemented with elements of transparency. Therefore, accountability is determined by transparency of decisions as well as mechanisms of monitoring and controlling. It is recognised that the subject towards which accountability is to be exercised is a parliament and, in general, society. The third part contains a comparison of accountability in 6 countries of Central Europe (Bulgaria, Czech Republic, Hungary, Poland, Romania, and Slovakia). Basically, regulations and practice of accountability is similar in these countries. Accountability is mainly based on obligations consisting in providing information to the public, parliament and government. Even if precise forms of discharging such information obligations may vary, their basic range is identical. Although issues regarding accountability and transparency are not defined so precisely by the EU's laws as the autonomy of a central bank, the practice pursued in this sphere by the central banks of analysed countries approximates that of the European Central Bank. In part this may be regarded as an indirect result of regulations governing autonomy but in part it does not result from any formal obligations. The strengthening of accountability of central banks could move in two directions. First, dialogue with parliaments may be intensified (at least following the example of the European Parliament). Secondly, a more difficult and probably more controversial solution would be to appoint a separate, autonomous entity which would have rights of control in relation to the activities of a central bank. (original abstract)
Rocznik
Numer
Strony
81--104
Opis fizyczny
Twórcy
Bibliografia
  • Act LVIII of 2001 on the National Bank of Hungary.
  • Act of the National Council of the Slovak Republic nr 566/1992 on the National Bank of Slovakia.
  • Bini-Smaghi, L., Gros, D. (2001), h the ECB Sufficiently Accountable and Transparent"? CEPS Working Dokument, nr 169.
  • Blackburn, K., Christensen, M. (1989), Monetary Policy and Policy Credibility: Theory and Evidence, Journal of Economic Literature, vol. 27, nr I, s. 1 - 47.
  • Blinder, A. (2001), Bankowość centralna w teorii i praktyce, CeDeWu, Warszawa.
  • Bofinger, R, Reischle, J., Schaechter, A. (1996), Geldpolitik, Verlag Vahlen, München.
  • Briault, C., Haldane, A., King, M. (1996), Independence and Accountability, Bank of England Working Paper.
  • Buiter, W. (1999), Alice in Euroland, Centre of Economic Performance Discussion Papers, nr 0423.
  • Czech National Council Act No. 6/I993 of 17 December 1992 on the Czech National Bank (in force as from 1 May 2002).
  • De Haan, J., Amtenbrink, F., Eijffinger, S. (1998), Accountability of Central Banks: Aspects and Quantification, Tilburg University, Center for Economic Research Discussion Paper, nr 9854.
  • Eijffinger, S., Hoeberichts, M. (2000), Central Bank Accountability and Transparency: Theory and Some Evidence, Economic Research Centre of the Deutsche Bundesbank Discussion Paper nr 6.
  • Eijffinger, S., Hoeberichts, M., Schaling, S. (1998), A Theory of Central Bank Accountability, Tilburg University, Centre for Economic Research Discussion Paper, nr 98103.
  • EZB (2002a), Die Rechenschaftsplicht der EZB, Europaische Zentralbank, Monatsbericht, November.
  • EZB (2002b), Transparenz in der Geldpolitik der EZB, Europaische Zentralbank, Monatsbericht, November.
  • EZB (2002c), Jahresbericht 2001, Frankfurt am Main.
  • Geraats, P. (2001), Why Adopt Transparency? The Publication of Central Bank Forecasts, European Central Bank Working Paper nr 41.
  • Gutierrez, E. (2003), Inflation Performance and Constitutional Central Bank Independence: Evidence From Latin America and the Caribbean, IMF Working Paper nr WP/03/53.
  • Hochreiter, E., Kowalski, T. (2000), Central Banks in European Emerging Market Economies in the 1990s, Oesterreichische Nationalbank, Working Paper, nr 40.
  • Huterski, R. (2000), Niezależność banku centralnego, TNOiK, Toruń.
  • IMF (1999), Code of Good Practices on Transparency in Monetary and Financial Policies: Declaration of Principles, Washington.
  • Issing, O. (1999), The Eurosystem: Transparent and Accountable or "Willem in Euroland", Journal of Common Market Studies, vol. 37, nr. 3, s. 503-519.
  • Issing, O., Caspar, V., Angeloni, I., Tristani, O. (2001), Monetary Policy in the Euro Area, Cambridge Law No. 101 of 26 May 1998 on the Statute of the National Bank od Romania.
  • Law on the Bulgarian National Bank issued by the 38th National Assembly 1997.
  • Lohman, S. (1992), Optimal Commitment in Monetary Policy: Credibility Versus Flexibility, American Economic Review, vol. 82, March, s. 273-287.
  • Lybek, T. (1999), Central Bank Autonomy, and Inflation and Output Performance in the Baltic States, Russia, and Other Countries of the Former Soviet Union, 1995-97, IMF Working Paper nr WP/99/04.
  • Mahadeva, L., Sterne, G. (2000), Monetary Policy Frameworks in a Global Context, Routlege, London, New York.
  • Mangano, G. (1997), Measuring Central Bank Independence: A Tale of Subjectivity and of its Cosequences, HEC Working Paper 9704.
  • Miller, J., Petranov, S. (2001), The Financial System in the Bulgarian Economy: Bulgarian National Bank.
  • Rogoff, K. (1985), The Optimal Degree of Commitment to an Intermediate Monetary Target, Quartely Journal of Economics, vol. 100, nr 4, s. 1169-1190.
  • Ustawa z dnia 29 sierpnia 1997 roku o Narodowym Banku Polski.
  • Walsh, C. (1995), Optimal Cotracts for Central Bankers, American Economic Review, vol. 85, nr l, 150-167.
  • Wojtyna, A. (1998), Szkice o niezależności banku centralnego, Wydawnictwo Naukowe PWN, Warszawa-Kraków.
  • Wojtyna, A. (2002), Demokratyczna kontrola nad polityką banku centralnego - kontrowersje teoretyczne i wnioski dla Polski, Ekonomista, nr 5.
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000106814600

Zgłoszenie zostało wysłane

Zgłoszenie zostało wysłane

Musisz być zalogowany aby pisać komentarze.
JavaScript jest wyłączony w Twojej przeglądarce internetowej. Włącz go, a następnie odśwież stronę, aby móc w pełni z niej korzystać.