PL EN


2004 | 194 | 9 | 1-22
Article title

Bank centralny w świetle teorii agencji

Authors
Content
Title variants
EN
Central Bank in the Context of Agency Theory
Languages of publication
PL
Abstracts
EN
The article is devoted to possibilities of applying agency theory in research into efficiency of institutional solutions in central banks. Its first part presents factors due to which, like in many other cases of agency relationship, it is also in reference to central bank that drawing up appropriate practical solutions turns out to be a very complicated task giving rise giving rise to alot of controversy and even political emotions. The second part of the article is focused on those tenets of theoretical research, which while treating the central bank as an agent aim at an optimum contract allowing central bank independence to be tied with requirements for its democratic accountability. In the third part, emphasis is put on agency relations within the central bank. It discusses the results of numerous studies of various aspects of efficiency of making central banks’ decisions by committees. In conclusions of this article several remarks are made about possibilities of applying agency theory in analyses of institutional solutions adopted in the National Bank of Poland.
Keywords
Year
Volume
194
Issue
9
Pages
1-22
Physical description
Dates
published
2004-09-25
Contributors
References
Document Type
Publication order reference
Identifiers
YADDA identifier
bwmeta1.element.doi-10_33119_GN_113709
JavaScript is turned off in your web browser. Turn it on to take full advantage of this site, then refresh the page.