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Bill: Baltusian Central Bank Act
Details
Submitted by[?]: Baltusia Parliamentary Party
Status[?]: passed
Votes: This is an ordinary bill. It requires more yes votes than no votes. This bill will not pass any sooner than the deadline.
Voting deadline: April 4589
Description[?]:
| Colleagues, in particular our centralist colleagues in the BCP, Once again the BPP seeks to make the Baltusian Central Bank an organisation outside and independent of government control. We believe that an independent central bank is free from political manipulation. It can devote itself to attaining long-run economic goals, rather than to helping politicians achieve short-run economic success in time for the next election. Similarly, independence may strengthen the credibility of monetary policy. This may then play an important part in shaping expectations: workers may put in moderate wage demands and businesses may be more willing to invest. Finally, an independent central bank has a clear legal status and set of responsibilities. It is the protector of the currency and as such it is not subordinate to government. This is important given the political nature of economic policy making in both a domestic and an international context. We hope on this occasion we will garner your support. Josh Leon, Shadow Chancellor, BPP |
Proposals
Article 1
Proposal[?] to change Central Bank oversight and regulation (if a central bank exists)
Old value:: The central bank is underneath the direct oversight of the head of state.
Current: The central bank is underneath the direct oversight of the Ministry of Finance.
Proposed: The government appoints the head of the central bank and an executive board to manage the central bank but does not otherwise interfere in its operations.
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |||||
| yes |
Total Seats: 375 | |||||
| no | Total Seats: 0 | |||||
| abstain |
Total Seats: 160 |
| Random fact: Selucia is Particracy's modern take on Ancient Rome, located on the continent of Majatra. |
| Random quote: "To live anywhere in the world today and be against equality because of race or color is like living in Alaska and being against snow." - William Faulkner, Essays, Speeches and Public Letters |