Limiting Central Bank Credit to the Government: Theory and Practice, Volume 44, Issue 7

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International Monetary Fund, Jan 1, 1993 - Business & Economics - 57 pages
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This paper examines central bank independence with reference to the constraints on central bank credit to the government, focusing on how such credit should be regulated. It discusses why credit should be contsrained, and in which forms, and how to implement those constraints.

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About the author (1993)

Carlo Cottarelli is Commissioner of Public Spending Reform in Italy and Former Director of the International Monetary Fund's Fiscal Affairs Department.

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