The keynote address and presentation titled “Central Bank Governance: Governing the Fourth Estate“, was delivered at the IMF-Hawkamah Central Bank Forum, held in Dubai on Dec 13, 2016.
The Global Financial Crisis has radically changed the size, composition and risk characteristics of central banks’ balance sheets. Central banks now yield enormous discretionary power to intervene in financial markets through QE and unconventional monetary policy, with a wide mandate and objectives encompassing both price stability and financial stability. These structural changes require reform in the governance arrangements of central banks, new institutional design to constrain the use of authority and a heightened emphasis on accountability, disclosure and transparency.
Central Bank Governance: Governing the Fourth Estate, Keynote at the IMF-Hawkamah Central Bank Forum, 13 Dec 2016
15 December, 2016
read < 1 minute
Read Next
publication
Weekly Insights 25 Jul 2024: GCC are adjusting to lower oil revenues
Dubai GDP & inflation. Saudi foreign trade. Kuwait 2023-24 fiscal deficit. GCC US Treasury holdings.
25 July, 2024
publication
Weekly Economic Commentary – Jul 22, 2024
Download a PDF copy of the weekly economic commentary here. Markets Major equities
22 July, 2024
publication
Weekly Insights 19 Jul 2024: MENA growth projections lowered by the IMF; GCC’s non-oil sector growth will stay robust
IMF growth downgrades. UAE monetary stats. Abu Dhabi GDP. Saudi consumer & wholesale price indices.
19 July, 2024