<abstract xmlns="http://www.w3.org/1999/xhtml">
<p>The independence of Central Banks is still considered to be a credibility factor in ensuring price stability. Thus, many central banks in transition countries have undergone a change in their statutes in order to achieve greater independence from governments. In this vein, within a decade, North African Central Banks have put in place a new institutional framework for their monetary policy. In this article, we will attempt to assess and measure the legal (de jure) and real (de facto) independence of these Central Banks (Morocco, Algeria, Libya, Tunisia, Egypt). </p>
</abstract>

The independence of Central Banks is still considered to be a credibility factor in ensuring price stability. Thus, many central banks in transition countries have undergone a change in their statutes in order to achieve greater independence from governments. In this vein, within a decade, North African Central Banks have put in place a new institutional framework for their monetary policy. In this article, we will attempt to assess and measure the legal (de jure) and real (de facto) independence of these Central Banks (Morocco, Algeria, Libya, Tunisia, Egypt).

Central Bank Independence: The Case of North African Central Banks

Journal of Central Banking Theory and Practice

This work is licensed under the Creative Commons Attribution 4.0 International License.

{"article-title":"Central Bank Independence: The Case of North African Central Banks"}

The independence of Central Banks is still considered to be a credibility factor in ensuring price stability. Thus, many central banks in transition countries...

Central Bank Independence: The Case of North African Central Banks

Published Online: Sep 05, 2023

Page range: 61 - 85

Received: Oct 16, 2022

Accepted: Mar 31, 2023

DOI: https://doi.org/10.2478/jcbtp-2023-0025

Keywords
Central Bank Independence, monetary policy, North Africa

© 2023 Amina Haoudi et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Central Bank Independence: The Case of North African Central Banks

Published Online: Sep 05, 2023

Page range: 61 - 85

Received: Oct 16, 2022

Accepted: Mar 31, 2023

DOI: https://doi.org/10.2478/jcbtp-2023-0025

KeywordsCentral Bank Independence, monetary policy, North Africa

© 2023 Amina Haoudi et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Keywords
Central Bank Independence, monetary policy, North Africa