英文摘要 |
Taiwan's legislature recently revised the Central Bank of China (CBC) Act, conferring full operational independence on Taiwan's leading monetary institution. Under the new legislation, CBC, like central banks in developed countries, will be granted supra-governmental status, freeing it from potential political influence. The legal guarantee of CBC's operational independence will not only strengthen price and financial stability in Taiwan, but will also help attract foreign capital and enhance international monetary cooperation. Since the 1990s, legislation to safeguard central bank autonomy has been enacted by more than 30 countries, including developed and developing countries, as well as the newly transformed countries of central and eastern Europe. By adopting such legislation, these countries have insulated themselves from untoward consequences that could arise from the politicization of monetary policy making. |