CBI: harbingers of domination and biting independence | ||
| magazine of college Administration&Economics for economic &administration & financial studies | ||
| Article 1, Volume 179, Issue 10, December 2014, Pages 118-153 | ||
| Abstract | ||
| The subject of the independence of the central bank from the government is one of the topics that are of great importance in the economic studies, especially after repeated financial and economic crises that plaguing many parts of the world, where such independency is an essential pillar in the process of achieving economic stability. The independence of the Central Bank of Iraq which is guaranteed by its new law, which is really represented a historical era that country suffered from and still suffering from it yet, and legacy of problems of inflation , unemployment and foreign debt left by the former regime on the shoulders of the national economy, which doubled the importance of making the central bank independent from the power Executive in accordance with the provisions of its law in force. However, the new attempt to dominate the central bank and exceeded its law in force raised fears of a government takeover of monetary institution and guide monetary policy. | ||
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