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Central bank boards around the world : why does membership size differ? /
This paper analyzes empirically differences in the size of central bank boards across countries. Defining a board as the body that changes monetary instruments to achieve a specified target, we discuss the possible determinants of a board's size. The empirical relevance of these factors is exam...
| Clasificación: | Libro Electrónico |
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| Autores principales: | , , |
| Autor Corporativo: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.] :
International Monetary Fund,
©2006.
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| Colección: | IMF working paper ;
WP/06/281. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | This paper analyzes empirically differences in the size of central bank boards across countries. Defining a board as the body that changes monetary instruments to achieve a specified target, we discuss the possible determinants of a board's size. The empirical relevance of these factors is examined using a new dataset that covers the de jure membership size of 84 central bank boards at the end of 2003. We find that larger and more heterogeneous countries, countries with stronger democratic institutions, countries with floating exchange rate regimes, and independent central banks with more staff tend to have larger boards. |
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| Descripción Física: | 1 online resource (46 pages) : illustrations |
| Bibliografía: | Includes bibliographical references (pages 43-46). |
| ISBN: | 1282447920 9781282447929 9781451909944 1451909942 9781451865417 1451865414 146230236X 9781462302369 1452787468 9781452787466 9786613821126 6613821128 |
| ISSN: | 2227-8885 ; |