Hacker News new | ask | show | jobs
by qsort 1486 days ago
The paper linked in the Wikipedia citation for that line has the following in its abstract:

"The governance of central banks has two dimensions: corporate governance and public governance. Public governance is an institutional framework whereby the general public governs a central bank by and through the legislative and executive bodies in a country (...)".

"Independence of the central bank" means independence from direct intrusion by the executive branch, in the same sense the judiciary is independent from political interference.