Search results for " Central banks"

showing 2 items of 2 documents

Continuous auditing in public sector and central banks: a framework to tackle implementation challenges

2022

Purpose This paper aims to analyse the implementation challenges faced by internal audit departments of public sector organisations and central banks when implementing continuous auditing (CA) systems. CA aims to monitor internal control systems and risk levels on a continuous basis to support the audit process. This study identifies the implementation challenges of CA systems and proposes adequate countermeasures. Design/methodology/approach This study employs the design science information system research and the design science research process methodologies to ensure the rigor of this analysis. These research methodologies are adopted to tackle identified organisational problems and pro…

Continuous auditing Continuous monitoring Internal audit Central banks Public sectorSettore SECS-P/11 - Economia Degli Intermediari FinanziariStrategy and ManagementJournal of Financial Regulation and Compliance
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Monetary Policy Rules: From Adam Smith to John Taylor

2012

We describe, through the lenses of history, the intellectual origins of the Taylor rule. The Taylor rule was an important component of the transformation that swept through the monetary policy landascape in a remarkable few years following the abandonment of monetary targeting. In this long paper we provide an original overview of the long-dated debate on rules vs discretion in monetary policy, ever since Adam Smith and the monetary controversies of the XIX century. We then analyse in greater detail the debates in the interwar years (Wicksell, Keynes, Cassel, Simons, Fisher) and the debates in the 1950s and 1960s (Phillips, Friedman, the rational expectation hipothesis) and how these debate…

Taylor ruleSettore SECS-P/04 - Storia Del Pensiero EconomicoMonetary ruleSettore SECS-P/01 - Economia PoliticaDiscretionalityHistory of central banks
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