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Central banks’ mandate and objectives: Evolution and the crisis lessons

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  • S. Drobyshevskiy
  • A. Kiyutsevskaya
  • P. Trunin

Abstract

On the basis of studying the evolution of goals and objectives of the monetary authorities of a wide range of countries the authors argue the inexpediency of expanding the Bank of Russia’s mandate. It fits into international practice, and also meets the requirements and characteristics of the present stage of economic development. In the pursuit of price stability, the regulator not only maintains the stability of the national currency, as required by the its mandate, but also contributes to the acceleration of economic growth.

Suggested Citation

  • S. Drobyshevskiy & A. Kiyutsevskaya & P. Trunin, 2016. "Central banks’ mandate and objectives: Evolution and the crisis lessons," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 5.
    • Handle: RePEc:nos:voprec:y:2016:id:195
    DOI: 10.32609/0042-8736-2016-5-5-24
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