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Central Bank Independence in Transition Economies

โœ Scribed by Wojciech S. Maliszewski


Book ID
108559446
Publisher
John Wiley and Sons
Year
2000
Tongue
English
Weight
167 KB
Volume
8
Category
Article
ISSN
0967-0750

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## Abstract We test some positive implications of the commitment hypothesis for the design of monetary institutions in open economies, by studying the determinants of Central Bank independence on a sample of 55 countries, for the period 1980โ€“1989. We document fairly consistent empirical evidence in

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The paper ยฎrst considers the extent of the dierences in the responsibilities and functions of major Western central banks, and suggests that these are in part a result of their dierent histories. The common origins of the central banks of the transition economies have resulted in greater similaritie