CENTRAL BANK INDEPENDENCE AND MACROECONOMIC PERFORMANCES - AN EMPIRICAL APPROACH [PDF]
The empirical evidence upon the macroeconomic performances of the independent central banks do not always have been successfully. In some cases, the consistency of the indices based on the interpretation of central banks statues used for measuring the ...
Coroiu Sorina, Dumiter Florin Cornel
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The ultimate determinants of central bank independence [PDF]
Using a graphical method, a new way of determining the optimal degree of central bank conservativeness is developed in this paper. Unlike Lohmann (1992) and Rogoff (1985), we are able to express the upper and lower bounds of the interval containing the optimal degree of conservativeness in terms of the structural parameters of the model.
Eijffinger, S.C.W., Schaling, E.
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Role of Central Bank Independence in Banking and Financial Stability Ensuring [PDF]
This paper is devoted to defining the role of the central bank in ensuring banking and financial stability. The main purpose of the study is to assess the direction and strength of the impact of central bank independence in terms of its individual ...
Victoria Dudchenko
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Central Bank Independence: An Update of Theory and Evidence [PDF]
This paper reviews recent research on central bank independence (CBI). After we have distinguished between independence and conservativeness, research in which the inflationary bias is endogenised is reviewed. Finally, the various challenges that have been raised against previous empirical findings on CBI are discussed.
Berger, Helge +2 more
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INDEPENDENCE OF CENTRAL BANK: NEW CHALLENGES
. The studydeals with determining the status of central banks and their formal independence in the context of the index approach. The authors argue that there is an inverse relationship between inflation and the level of independence of central banks. It
V. Kyrylenko +3 more
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The Effect of Corruption and Central Bank Independence on Volume of Money in Iran: Using the Model (STAR) [PDF]
The present study has investigated the effect of corruption on monetary policy with respect to different levels of central bank independence during the period 1978-2017 using the STAR model.
Maryam Ghadimi +3 more
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The impact of governance quality on central bank’s independence [PDF]
The stable functioning of the public finance system requires a rational regulatory apparatus. The central bank occupies a special place in this system. Science and practice prove that the central bank’s political and economic independence determines its ...
Tetiana Vasylieva +4 more
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Indipendenza delle banche centrali in dodici paesi industrializzati
There has recently been worldwide interest in the question of greater monetary policy autonomy for central banks. According to the December 1991 Treaty on European Economic and Monetary Union (EMU), for example, the European Central Bank is supposed to ...
S. EIJFFINGER, E. SCHALING
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Effect of Central Bank Independence on Political Business Cycles in Iran: An Application of Smooth Transition Autoregressive Regression [PDF]
The main purpose of this article is to investigate the effect of central bank independence on the establishment of Political Business Cycles (PBC) in Iran.
Ali Hussein Samadi +3 more
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Central bank independence in twelve industrial countries
There has recently been worldwide interest in the question of greater monetary policy autonomy for central banks. According to the December 1991 Treaty on European Economic and Monetary Union (EMU), for example, the European Central Bank is supposed to ...
S. EIJFFINGER, E. SCHALING
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