Contemporary central bank as a socially responsible organization Cover Image

Współczesny bank centralny jako organizacja społecznie odpowiedzialna
Contemporary central bank as a socially responsible organization

Author(s): Jan Koleśnik
Subject(s): Economy, Financial Markets, Business Ethics
Published by: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Keywords: central banks; monetary policy; corporate social responsibility

Summary/Abstract: The nature of the operations of central banks makes the society assess such banks mainly through the achievement of the target of their monetary policy ignoring their openness and sensitivity to the needs of the environment in which they operate. This article attempts to answer the question whether the central bank can and should be seen also from the perspective of corporate social responsibility as an organization whose activity is oriented not only to achieve the inflation target, but also as an organization which takes into account the needs and requirements of the broad social and environmental interests. The article also characterizes most important problems of targets, independence and accountability of central banks. Moreover, actions of central banks, which can be considered as an expression of their sensitivity and openness to the needs of the environment in which they operate, are indicated.

  • Issue Year: 2016
  • Issue No: 437
  • Page Range: 222-229
  • Page Count: 8
  • Language: Polish