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Central Bank Governance: Evolution, Goals, and Crises

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  • Forrest Capie
  • Geoffrey Wood

Abstract

Governance: What and Why? Corporate governance was discussed before the financial crises of earlier this century, but attention to it has increased dramatically since that crisis. What is governance, and why did it suddenly become so interesting? The Oxford English Dictionary gives a comprehensive definition. It tells us governance has six meanings: the action or manner of governing; the state of being governed; the office, function, or power of governing; method of management, system of regulations; mode of living, behaviour, demeanour; wise self command.

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  • Forrest Capie & Geoffrey Wood, 2016. "Central Bank Governance: Evolution, Goals, and Crises," BAFFI CAREFIN Working Papers 1631, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
    • Handle: RePEc:baf:cbafwp:cbafwp1631
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    References listed on IDEAS

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    1. Knut Wicksell, 1958. "A New Principle of Just Taxation," International Economic Association Series, in: Richard A. Musgrave & Alan T. Peacock (ed.), Classics in the Theory of Public Finance, pages 72-118, Palgrave Macmillan.
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