%0 Journal Article
%T CENTRAL BANK INDEPENDENCE AND INFLATION TARGETING - THE BRITISH EXPERIENCE
%A Dumiter Florin Cornel
%A £¿oim Hora£¿
%A iu
%A David Delia
%J Annals of the University of Oradea : Economic Science
%D 2010
%I University of Oradea
%X Known as the ¡®Old Lady¡¯ of Threadneedle Street, the Bank of England is the central bank of the United Kingdom. Founded in 1694, the Bank of England is standing at the centre of the United Kingdom¡¯s financial system, and is committed to promoting and maintaining monetary and financial stability as its contribution to a healthy economy. In our opinion, it is very important to analyze the Bank of England¡¯s monetary policy strategy, starting from 1992 ¨C adoption of the inflation target and the evolution of it¡¯s monetary policy strategy, through an important feature ¨C delegating operational accountability regarding the monetary policy in 1997 as well as the appropriate institutional framework. More over, it is important to analyze the Bank of England¡¯s performances before and after granting central bank independence.
%K Monetary policy strategy
%K central bank transparency
%K central bank accountability
%K inflation reports
%K index of central bank independence and inflation targeting
%U http://anale.steconomiceuoradea.ro/volume/2010/n1/066.pdf