Central Bank Independence and Transparency : Evolution and Effectiveness /

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This paper examines the current level of central bank independence (CBI) and transparency in a broad sample of countries using newly constructed measures, and looks at the evolution in both measures from an earlier time period. Increases in CBI have tended to occur in more democratic countries and i...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Crowe, Christopher (Christopher W.) (Autor), Meade, Ellen E. (Autor)
Autor Corporativo: International Monetary Fund
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington, D.C. : International Monetary Fund, 2008.
©2008
Colección:IMF working paper ; WP/08/119.
Temas:
Banks and banking, Central.
Autonomy.
Monetary policy.
Banks of issue.
Banques centrales.
Autonomie.
Politique monétaire.
Banks of issue
Autonomy
Banks and banking, Central
Monetary policy
Acceso en línea:Texto completo
Tabla de Contenidos:
  • I. Introduction; II. Measures of Central Bank Independence; Text Tables; 1. Mean Level (Later Period) and Change in CBI; III. Measures of Central Bank Transparency; 2. Correlates with Change in CBI Index, D. CBI; 3. Mean Level (Later Period) and Change in Transparency; IV. Effects of Central Bank Independence; 4. Correlates with Transparency Score, TRANS1; 5. CBI and Inflation (INF): OLS Regression Results; 6. D. CBI and Inlfation (D. INF) IV Regression Results; V. Effects of Transparency; 7. Transparency and Use of Private Information; VI. Conclusions.
  • Appendix: Data Sources and Variables UsedAppendix Tables; A1. Country Samples; A2. Construction and Coding of Transparency Measure; References.

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