Results 1 to 10 of about 18,422 (311)
THE EFFECT OF CENTRAL BANK INDEPENDENCE ON PRICE STABILITY: THE CASE OF INDONESIA
Buletin Ekonomi Moneter dan Perbankan, 2013 This paper investigates the relationship between central bank independence (CBI) and inflation in Indonesia during 1970-2006. Using partial adjustment Ordinary Least Square (OLS) and Engel Granger Error Correction Model, the result shows that legal CBI ...
Yessy Andriani, Prasanna Gai
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Central bank independence: It is protected, but is it clearly delineated?
Maastricht Journal of European and Comparative Law, 2022 On 13 September 2022, the Court of Justice, in its Grand Chamber formation, ruled in Banka Slovenije that Slovenian legislation that required the Central Bank of Slovenia to compensate certain holders of financial instruments was incompatible with EU law
P. Nicolaides
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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
Eijffinger, S.C.W. +2 more
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Central bank independence: A paneldata approach [PDF]
Public Choice, 1996 The present paper uses a paneldata estimation technique to combine the time series for individual countries (Australia, Canada, France, Germany, Italy, Japan, the Netherlands, Switzerland, the United Kingdom and the United States). We postulated the response of central banks in these countries to inflation, economic growth and current account surplus ...
Eijffinger, S.C.W. +2 more
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The benefits of central bank's political independence [PDF]
European Economic Review, 2004 Abstract We consider a two-tier model of monetary policy where the central banker is both subject to the explicit influence of elected political principals through contracts and the implicit influence of interest groups willing to capture monetary policy.
Gabillon, Emmanuelle, Martimort, David
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Central Bank Independence and Inflation: A Note [PDF]
SSRN Electronic Journal, 2006 We document increased central bank independence within the set of industrialized nations. This increased independence can account for nearly two‐thirds of the improved inflation performance of these nations over the past two decades. (JEL E42, E58)
Charles T. Carlstrom, Timothy S. Fuerst
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Review of International Political Economy, 2023 Central banks and finance ministries have been faced with growing calls for better monetary-fiscal coordination in recent years as the solution to an array of macroeconomic policy problems, promoted by an ever-wider range of stakeholders.
Sebastian Diessner
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Central Bank Independence: An Update of Theory and Evidence [PDF]
Journal of Economic Surveys, 2000 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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Analysis of the impact of central bank digital currency on stock markets: Dynamics and implications
Banks and Bank Systems, 2023 The purpose of the study is to explore the influence of central bank digital currency on stock markets. To realize the purpose, the TVP-VAR model was built, which determines the impact of volatility of the CBDC attention index (CBDCAI) on the volatility ...
S. Frolov +4 more
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Digital euro and accountability of the European Central Bank
Maastricht Journal of European and Comparative Law, 2023 The digital euro might be adopted as early as 2026 – a momentous decision, with profound societal consequences. And yet, little attention has been paid to the European Central Bank (ECB)'s accountability in the process of adoption and beyond.
Seraina Grünewald
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