Autori
Bessma, Momani
Amand, Samantha St.

Titolo
Best Practices in Central Bank Organizational Culture, Learning and Structure: The Case of the Moroccan Central Bank
Periodico
Economic notes
Anno: 2015 - Volume: 44 - Fascicolo: 3 - Pagina iniziale: 449 - Pagina finale: 482

This paper provides both theoretical and empirical evidence that maintains that a central bank's organizational structure, culture and learning system are important for achieving best governance practices in emerging market economies. It argues that a central bank's organizational structure and culture facilitate the effective implementation of governance practices that have been enacted by law or in a strategic plan, with specific reference to central bank independence, communication, transparency, professionalization, technical excellence and reputation risk management. Qualitative interviews and a review of the bank's primary documents showed that the progress made by the Bank al-Maghrib over the last two decades in establishing best governance practices in policies and legal statutes is, to a significant extent, being matched by reforms to its internal processes, but there remains room for improvement.



SICI: 0391-5026(2015)44:3<449:BPICBO>2.0.ZU;2-S

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