Template-Type: ReDIF-Article 1.0

Author-Name: Csaba Lentner
Author-Workplace-Name: National University of Public Service
Author-Email: Lentner.Csaba@uni-nke.hu

Author-Name: Krisztina Szegedi
Author-Workplace-Name: University of Miskolc
Author-Email: vgtkrisz@uni-miskolc.hu

Author-Name: Tibor Tatay
Author-Workplace-Name: Széchenyi István University
Author-Email: tatay@sze.hu


Title: Social Responsibility in the Operation of
Central Banks

Abstract: In our study, we set out from the hypothesis that the social responsibility of central
banks is peculiar, since these were established decidedly for the benefit of the
common good. For the interpretation of their social responsibility, we first examine
the concept of corporate social responsibility (CSR) in corporate practice. After this,
we transpose the interpretation of CSR, applied to the operation of central banks.
We interpret the concept of economic, legal, ethical and philanthropic responsibility
in connection with the activity of central banks. Using examples, we shed light
on how we specifically interpret the individual components of corporate social
responsibility in the central bank practice, via the activity of the Magyar Nemzeti
Bank, the US Federal Reserve, the European Central Bank, and the central banks of
the Netherlands, Denmark, Spain, Poland and the Czech Republic.

Classification-JEL: M14, E58, E44, G28
Keywords: corporate social responsibility, CSR, central bank, public awareness,
financial stability, business ethics, central bank
Pages: 64–85
Volume: 16
Issue: 2
Year: 2017
File-URL: http://english.hitelintezetiszemle.hu/letoltes/social-responsibility-csaba-lentner-krisztina-szegedi-tibor-tatay.pdf
File-Format: Application/pdf
Handle: RePEc:mnb:finrev:v:16:y:2017:i:2:p:64-85