“Transparency, accountability, and communication are hallmarks of good central banking

ISLAMABAD, February 10:”Transparency, accountability, and communication are hallmarks of good central banking, more so than independence.” This was the key message of leading economists at the Webinar on ‘Central Bank Independence: Reformation or Deformation?’ organised by the Centre for Aerospace & Security Studies (CASS) in Islamabad. The discussion focused on the global evolution of the Central Bank Independence (CBI) debate and merits and demerits of CBI in Pakistan’s context.
Eminent speakers included Prof. Dr Paul Wachtel from the Leonard N. Stern School of Business at New York University, USA; DrShamshad Akhtar, former Governor State Bank of Pakistan; Prof. DrShahidaWizarat, Dean, College of Economics & Social Development, Institute of Business Management (IOBM); and Dr Usman W. Chohan, Director, Economic Affairs & National Development, CASS. The webinar was chaired by President CASS Air Marshal FarhatHussain Khan (Retd), while MubashirEhsan, Researcher at the Centre moderated the proceedings. – PR