Abstract: | The question of the relationship between the South African Reserve Bank and the Treasury, and the matter of the 'independence' of the Reserve Bank (dealt with in Chapter 25 of the 'Final Report of the Commission of Inquiry into the Monetary System and Monetary Policy in South Africa, 1985) is the subject of this paper. Sections: A selected background - How independent is, and should the Reserve Bank be? - Advantages of Reserve Bank independence - How far to go? - The private sector. Bibliogr., notes. |