CentralBankNet Monday Special Feature

While many central banks have more or less secured operational independence and central bank governors enjoy job security, recent events have shown this situation is far from universal.

Latin America has proven to be a particular disaster zone, haemorrhaging central bank governors in a steady flow. Only last week the governor of the central bank in Paraguay threw in the towel complaining of a lack of political support as the country suffers from financial contagion leaking across from Argentina:

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