Central Banking Law, Governance, and Accountability

The effective functioning of a central bank rests on a solid foundation of law, governance, and institutional accountability. This course provides a comprehensive legal and political science perspective on the central banking framework. Participants will analyze the legal mandate, the critical importance of independence, the structure of the Governing Board, and the mechanisms by which central banks are held accountable to the public and government. The curriculum explores the legal authority underpinning key policy areas, such as monetary policy, financial stability, and emergency liquidity assistance, emphasizing the global trend towards greater transparency and clear separation of powers.