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
Central Bank Independence, Accountability, and Transparency: A Global Perspective
β Scribed by Bernard J. Laurens, Marco Arnone, Jean-FranΓ§ois Segalotto (auth.)
- Publisher
- Palgrave Macmillan UK
- Year
- 2009
- Tongue
- English
- Leaves
- 290
- Series
- Procyclicality of Financial Systems in Asia
- Edition
- 1
- Category
- Library
No coin nor oath required. For personal study only.
β¦ Synopsis
This book explores three key areas of central banking and governance - autonomy, accountability and transparency. It looks at links between the areas, as well as assessing the impact of central bank autonomy on macroeconomic performance. The issues are approached from theoretical and empirical perspectives.
β¦ Table of Contents
Front Matter....Pages i-xix
Introduction....Pages 1-5
Survey of Models and Indicators of Independence....Pages 6-89
Survey of Models and Indicators of Accountability....Pages 90-106
Survey of Models and Indicators of Transparency....Pages 107-123
Indicators of Independence, Accountability, and Transparency....Pages 124-150
Global Trends in Central Bank Governance....Pages 151-231
Independence and Inflation Performance: New Empirical Evidence....Pages 232-236
Policy Lessons from Global Trends....Pages 237-255
Back Matter....Pages 256-270
β¦ Subjects
Banking; Macroeconomics/Monetary Economics//Financial Economics; Accounting/Auditing
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