IDEAS home Printed from https://ideas.repec.org/a/ekm/repojs/v44y2024i3p583-599id2472.html
   My bibliography  Save this article

The nature of Central Bank Independence: historical background and rise in the era of financialization

Author

Listed:
  • Rodrigo Siqueira Rodriguez

Abstract

This article brings back the debate on central bank independence from its historicalorigins and its relation to financialization. With financial dominance, States have less influenceover central bank policies as they gain greater action capacity through monetary policystrengthening. Central bank independence is an expression of financialization as it makesthe monetary authority more susceptible to financial market pressures and simultaneouslylimits the participation of the State and society in conducting monetary policy. JEL Classification: E58; B26.

Suggested Citation

  • Rodrigo Siqueira Rodriguez, 2024. "The nature of Central Bank Independence: historical background and rise in the era of financialization," Brazilian Journal of Political Economy, Center of Political Economy, vol. 44(3), pages 583-599.
    • Handle: RePEc:ekm:repojs:v:44:y:2024:i:3:p:583-599:id:2472
    as

    Download full text from publisher

    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/2472/2404
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Central bank independence; financialization; rentier accumulation;
    All these keywords.

    JEL classification:

    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • B26 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Financial Economics

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ekm:repojs:v:44:y:2024:i:3:p:583-599:id:2472. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Brazilian Journal of Political Economy (Brazil) (email available below). General contact details of provider: https://centrodeeconomiapolitica.org/repojs/index.php/journal/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.