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Is It Possible that an Independent Central Bank Is Impossible? The Case of the Australian Notes Issue Board, 1920-1924
journal contribution
posted on 2023-05-16, 13:21 authored by Coleman, WOThe history of the Australian Notes Issue Board over the period 1920-1924 is presented. It is shown that the Board was created as a genuinely independent monetary authority, but was soon abolished, as its policies antagonised interests upon which the government depended. The episode illustrates the thesis that the possibility of a genuinely independent monetary authority is problematic.
History
Publication title
Journal of Money, Credit and BankingVolume
33Pagination
729-748ISSN
0022-2879Department/School
TSBEPublisher
Ohio State University PressPlace of publication
United States of AmericaRepository Status
- Restricted