01950cas a2200241 a 4500 AALejournalIMF018656 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484372272 1018-5941 BD-DhAAL BD-DhAAL Khan, Ashraf. Legal Protection : Liability and Immunity Arrangements of Central Banks and Financial Supervisors / Ashraf Khan. Washington, D.C. : International Monetary Fund, 2018. 1 online resource (42 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper argues that central bank legal protection contributes to safeguarding a central bank and its financial supervisor's independence, especially for conducting monetary and financial stability policy. However, such legal protection also entails enhanced accountability. To this end, the paper provides a selected overview of legal protection for central banks and financial supervisors (if the supervisor is part of the central bank), focusing on liability, immunity, and indemnification arrangements, and based on the IMF's Central Bank Legislation Database. The paper also uses data from the IMF's Article IV and FSAP Database, and the IMF MCM's Technical Assistance Database. It lists selected country cases for illustrative purposes. It introduces the concepts of 'appropriate legal protection' and 'function-specific legal protection' as topics for further research. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2018/176 Full text available on IMF http://elibrary.imf.org/view/journals/001/2018/176/001.2018.issue-176-en.xml IMF e-Library