Publication details
Nezávislost centrální banky během procesu transformace - český případ
| Title in English | Independence of the central bank during the transition process - the Czech case |
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| Authors | |
| Year of publication | 2002 |
| Type | Article in Proceedings |
| Conference | Hospodářská politika v tranzitivních ekonomikách III. |
| MU Faculty or unit | |
| Citation | |
| Field | Economy |
| Keywords | monetary policy; independence of central bank; economic transition |
| Description | Within the economic transition the institutional structure and behaviour of the national economy have been changing; that is why an economic analysis of this process is very difficult. The transition from a centrally planned into a market economy has got three main aspects which can complicate its description by means of the general economic theory: underdeveloped market institutions, a limited access to capital sources, and consistency of macroeconomic policies. These aspects are connected together by functioning of the fiscal policy and the monetary policy. Success or failure of any strategy depend on a mutual co-operation between the fiscal and the monetary policies, i.e. on the relation between the government and the central bank. |
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