Banche centrali e processi di state-building: prospettive di ricerca
Journal title STORIA E PROBLEMI CONTEMPORANEI
Author/s Giandomenico Piluso
Publishing Year 2025 Issue 2023/94
Language Italian Pages 11 P. 5-15 File size 114 KB
DOI 10.3280/SPC2023-094001
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According to the standard definition a central bank is assumed to be an independent economic actor that must differentiate itself from the political sphere. Yet, an alternative reading may underscore the persistent connection between central banks and the processes of state-building. Although, in the last decades, the principle of central bank independence has become firmly established, the essential association between central banks and states has not disappeared. The autonomy of central bankers from their respective executives sometimes tends to manifest as the paradoxical ability to influence the political choices of the executives themselves, typically when calling for measures pertaining to public debt and the labour market promoting reforms and delineating guidelines for both economic and social actors, not to say for political bodies like parliaments.
Keywords: central banking, State-building, monetary policy, central bank independence, financial regulation, Eurodollar market
Giandomenico Piluso, Banche centrali e processi di state-building: prospettive di ricerca in "STORIA E PROBLEMI CONTEMPORANEI" 94/2023, pp 5-15, DOI: 10.3280/SPC2023-094001