CENTRAL BANK GOVERNANCE - THE PREMISE OF CENTRAL BANK INDEPENDENCE

Nowadays it can be observed an important trend towards the analytical and theoretical evolutions and interconnections of credibility, trustworthiness, authority and central bank governance. A high degree of education and professionalism of the central banks officials granted through: independence from political pressures, pressures that finally exists through monetary stimulants of short term benefits, will lead to a high level of trustworthiness. In this paper, we present and discuss global trends in central bank governance based on some aspect: central bank independence, central bank accountability and central bank transparency