Central Banks and Human Rights: Do They Have Obligations?

Rethinking Bretton Woods | Fri, Feb 3, 2012

Most people might think central banks have no role whatsoever in fulfilling human rights obligations. Indeed, years of economic doctrine have predicated that central banks are "independent." But Central Banks, as organs of their governments, do have a role to play in meeting its human rights obligations. Their independence has frequently been used to shield them from transparency and accountability, a new primer published by the initiative "A bottom up approach to righting financial regulation" argues.