Central bank governance, accountability and independence : the case of the Reserve Bank of Malawi.
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This dissertation measured using appropriate methodology the degree of independence of the Reserve Bank of Malawi based on the Reserve Bank of Malawi Act of 1989. Furthermore the dissertation assessed the vulnerability of this independence in the context of good governance and a variety of internal and external threats on the independence. This comes from the understanding that even though central banks are accorded independence, there are situations where practice deviates from what the charters state. Therefore the dissertation provides recommendations on how to strengthen the Reserve Bank Act to support its legal independence.