Mission adapted
The hidden role of governors in shaping central bank operating missions in Hungary
Bibliographic Data
| ID | 6255040 |
|---|---|
| Authors | Miklós Sebők (0000-0003-0595-2951, Centre for Social Sciences), Kristin Makszin (0000-0002-3595-5515, Leiden University, corresponding author), Jasper P Simons (0000-0001-9429-2099, European University Institute) |
| Year | 2022 |
| Volume | 38 |
| Issue | 1 |
| Pages | 101-122 |
| Publication date | 2022-01-02 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | East European Politics (JOURNAL) |
| Journal identifiers | ISSN: 2159-9165 • E-ISSN: 2159-9173 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/21599165.2021.1907351 |
| OpenAlex | W3144499618 |
| Language | EN |
| Citations received | 6 |
| References cited | 33 |
Despite the diffusion of the paradigm of central bank independence, there is still meaningful variation in the operating missions of central banks both across countries and over time. Through a detailed qualitative case study, this article develops the concept of the operating mission of the central bank and applies it to the case of the Hungarian National Bank (MNB) to provide a more complete understanding of mission shift. Our findings demonstrate the critical role of policy agency, as the central bank governors moulded the operating mission of the central bank, even in the face of dominant international norms
Agency (philosophy · Central bank · Economics · Economy · Face (sociological concept · Independence (probability theory · Macroeconomics · Monetary policy · Political economy · Political science · Social science · Sociology · Fiscal Policies and Political Economy · Global Financial Crisis and Policies · State Capitalism and Financial Governance
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| Unique citing works | 6 |
|---|---|
| Citations per year | 1,2 |
| Citation span | 2021 - 2026 (6) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 6 |