Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/299020 
Year of Publication: 
2021
Citation: 
[Journal:] Journal of Central Banking Theory and Practice [ISSN:] 2336-9205 [Volume:] 10 [Issue:] 3 [Year:] 2021 [Pages:] 23-39
Publisher: 
Sciendo, Warsaw
Abstract: 
This paper deals with the neglected issue of central banks' social responsibility. Since central banks exert the "structural power" on economies as well as on societies, their power should be regulated and controlled by society through a reliable framework of social responsibility. To that aim, this article sheds light on the 'why' and the 'how' of central bank's social responsibility: I suggest reforms in order to increase central banks' social legitimacy, while being consistent with the mapping out of a new framework of social responsibility.
Subjects: 
central banks
power
social responsibility
social legitimacy
institutions
JEL: 
B52
E02
E14
E52
E58
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article

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