Getting the Priorities Right: The new central bank law in Argentina John Weeks

The new Central Bank regulations being introduced in Argentina are a welcome change, as they mark a departure from global norms witnessed in the recent past. The new Ley Organica institutionalises the principle that the function of monetary policy is to select, prioritise and achieve a range of goals in coordination with fiscal policy, that includes institutionalising the ability of the Bank to implement counter-cyclical policies to prevent further crises.

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(This article was originally published in http://www.social-europe.eu/2012/04/getting-priorities-right-the-new-central-bank-law-in-argentina/)