Results 1 to 10 of about 356,117 (214)
Central bank independence: A sensitivity analysis [PDF]
European Journal of Political Economy, 1998 Abstract This paper investigates the empirical relationship between four measures of central bank independence and macroeconomic performance. We look at both the mean and the variance of output and inflation for twenty industrial countries for the period 1972–1992. The elasticity of inflation with respect to central bank independence is estimated and
Sylvester Eijffinger
exaly +9 more sources
Central bank transparency and cross-border banking [PDF]
Journal of International Money and Finance, 2017 Abstract We analyze the effect of central bank transparency on cross-border bank activities. Based on a panel gravity model for cross-border bank claims for 21 home and 47 destination countries from 1998 to 2010, we find strong empirical evidence that a rise in central bank transparency in the destination country, on average, increases cross-border ...
Lena Tonzer, Stefan Eichler
exaly +4 more sources
Central Bank Digital Currency: Central Banking For All? [PDF]
Working paper (Federal Reserve Bank of Philadelphia), 2020 The introduction of a central bank digital currency (CBDC) allows the central bank to engage in large-scale intermediation by competing with private financial intermediaries for deposits. Yet, since a central bank is not an investment expert, it cannot invest in long-term projects itself, but relies on investment banks to do so.
Jesús Fernández-Villaverde +3 more
openaire +2 more sources
Labor market flows: Evidence for Chile using microdata from administrative tax records
Latin American Journal of Central Banking, 2023 We compute and characterize several labor flow measures using administrative tax records for all formal Chilean firms and employees. Our results show that labor mobility in Chile is significant by international standards, with the reallocation rate ...
Elías Albagli +5 more
doaj +1 more source
Central bank transparency and central bank communication: Editorial introduction [PDF]
European Journal of Political Economy, 2007 Abstract Central banks now tend to attach greater importance to communication with the public than formerly was the case. Although the trend towards more transparency is justified by central bank accountability, it is less obvious that more central bank transparency is also beneficial from an economic point of view.
Eijffinger, S.C.W. +2 more
openaire +4 more sources
Is Bank Supervision Central to Central Banking? [PDF]
The Quarterly Journal of Economics, 1999 Whether central banks should play an active role in bank supervision and regulation is being debated both in the United States and abroad. While the Bank of England has recently been stripped of its supervisory responsibilities and several proposals in the United States have advocated removing bank supervision from the Federal Reserve System, other ...
Joe Peek +2 more
openaire +1 more source
Is Banking Supervision Central to Central Banking? [PDF]
SSRN Electronic Journal, 1998 Whether central banks should play an active role in bank supervision and regulation is being debated both in the United States and abroad. While the Bank of England has recently been stripped of its supervisory responsibilities and several proposals in the United States have advocated removing bank supervision from the Federal Reserve System, other ...
Joe Peek +2 more
openaire +1 more source
Review of European Studies, 2022 This article examines the central banks of three countries with no membership of the eurozone or the us-dollar zone: the ‘Bank of England’, the ’Norges Bank’ and the ‘Bank of Canada / Banque du Canada.’ It uses a descriptive, factual analysis including a short history, their structure and ...
Herman Matthijs, Mark Scholliers
openaire +2 more sources
, 2020 During the past decades, central banks acquired considerable independence from democratic institutions under the Central Bank Independence (CBI) template. Yet, the changing role of central banks since the 2007–2008 crisis has led to a (re)politicization of central banking and has weakened the scientific and political consensus on the CBI model. In turn,
Fontan, Clément, Larue, Louis
openaire +3 more sources
Central Banking without Central Bank Money
IMF Working Papers, 1999 Given the rapidly declining demand for central bank reserves and their gradual replacement in wholesale payments by alternative forms of money—clearinghouse moneyand treasury money—this paper discusses whether the complete extinction of base money could undermine monetary control.
Alain Ize, Arto Kovanen, Timo Henckel
openaire +2 more sources