Former central banker Paul Tucker is the chair of the Systemic Risk Council, a Fellow at the Harvard Kennedy School, and author of Unelected Power: The Quest for Legitimacy in Central Banking and the Regulatory State. 

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Central Banking for a Post-Crisis World: Some Thoughts on Independence,Democracy and Legitimacy

The ancient history of Athens provides a point of departure for my remarks today. You do not have to venture far from this conference hall to see two hills central to the foundations of western civilization – of liberal democracy. They carry powerful messages down the centuries.  READ MORE