Overview with international examples of monitoring and evaluation of central banks
The purpose of the report is to identify and describe examples that may be of interest to the finance committee in its work to develop its review of the Riksbank. The report describes how the review of the central banks in Great Britain, Norway, the Czech Republic and Canada as well as the European Parliament's review of the European Central Bank (ECB) is organized and which elements are included in it. The focus is on the role of parliaments in this process. The review shows that hearings of central bank governors in parliament are common elements in the follow-up and evaluation of central banks in the countries surveyed. From an audit perspective, however, the significance of parliamentary hearings appears to vary. A difficulty with the democratic review of central banks which is identified in the report is that there is often an imbalance between the reviewing bodies and the central banks' access to knowledge and competence about the central bank's operations and the matters for which the bank is responsible. In order to remedy the imbalance, e.g. The European Parliament has introduced procedures for hiring external experts to produce in-depth documents that can be used in the Parliament's review of the ECB.
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Evaluation and Research Secretariat (ERS) of the Swedish Riksdag (ERS)