Friday, December 24, 2010

Independent Central Bank Governor Needed?

The idea that having an independent national bank can have advantages for an economy has not sunk in yet in Ukraine - for an illustration, one should read this article

The bottom line: " Previously unknown on the national scale, Arbuzov was appointed first deputy head of the central bank in September after working six years for a small Donetsk-based bank, Ukrainskyi Biznes Bank (UBB). He landed the top job at the central bank solely for being a trusted friend of the Yanukovych family, said Volodymr Fesenko, a political analyst and head of the Kyiv-based Horshenin Institute of Management."

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