Central Bank Governance: Evolution, Goals, and Crises
17 Pages Posted: 30 Jul 2016 Last revised: 9 Sep 2016
Date Written: July 1, 2016
Governance: What and Why?
Corporate governance was discussed before the financial crises of earlier this century, but attention to it has increased dramatically since that crisis. What is governance, and why did it suddenly become so interesting?
The Oxford English Dictionary gives a comprehensive definition. It tells us governance has six meanings: the action or manner of governing; the state of being governed; the office, function, or power of governing; method of management, system of regulations; mode of living, behaviour, demeanour; wise self command.
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