Abstract

Corporate governance at central banks has evolved in recent years, both as a result of advances made in the study of the subject by supranational organizations, as well as through the adoption of the best practices used in the public and private sectors. This paper aims to identify, analyze and compare key aspects of corporate governance used by the central banks of Brazil, Canada and England in 2015. By reviewing existing literature on the subject, it was possible to analyze certain aspects of the monetary authorities of these three countries in terms of their structures and their committees, as well as the three pillars of governance normally attributed to central banks: independence, accountability and transparency. The results showed significant differences between the three, and suggested that the degree of maturity of each country's society has a certain influence on the practices of governance adopted by its central bank

Details

Title
Governance at central banks: a comparative study of the governance practices used by the central banks of Brazil, Canada and England
Author
de Abreu Faria, Fernando; Streit, Rosalvo Ermes
Pages
765-794
Section
Papers
Publication year
2016
Publication date
Sep/Oct 2016
Publisher
Fundação Getulio Vargas, Revista de Administração Pública
ISSN
00347612
e-ISSN
19823134
Source type
Scholarly Journal
Language of publication
English; Portuguese
ProQuest document ID
1838551816
Copyright
Copyright Fundação Getulio Vargas, Revista de Administração Pública Sep/Oct 2016