Governing the Governors - What Caused the GFC?

Governing the Governors - What Really Caused the GFC?

Central banks cherish their independence and technical excellence.  So how did the "Global Financial Crisis" happen?  What went wrong with central banking governance?  And how can confidence in central banks be restored, to maintain independence and achieve success across a wider and more challenging mandate?


John Mendzela’s article was first published in adapted forms in Boardroom and Central Banking Journal in October and November 2012.  This extended article is under copyright.  If you use or quote from this material please attribute it to the author and publisher.

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