Around the world, most central banks set policy by committee. This is motivated in part by the idea that groups reach better decisions than individuals and in part by a desire for representation of different geographical areas and economic constituencies in policymaking. The Bank for International ...

Central banking today faces a number of existential challenges. On the political side, and particularly after the financial crisis, the public has come to expect central banks to take on a dizzying array of responsibilities, some far beyond their power or remit. These include everything from enhanced ...

Central bank independence is one of the most remarkable pieces of institutional architecture fostered by economic thinking in the last half century. Theoretical studies in the 1980s stressed central bank independence as a precondition to bringing inflation under lasting control, and support for reform ...

El Banco Central de Chile pone a disposición del público el anuario estadístico de Balanza de Pagos para el año 2010, y revisiones a los valores del período 2008 y 2009, preparado por el Departamento de Balanza de Pagos y Deuda Externa, de la Gerencia División Estadística. La edición entrega información ...

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