## 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 1980β1989. We document fairly consistent empirical evidence in
The Effects of Bank Lending in an Open Economy
β Scribed by IRIS CLAUS
- Book ID
- 109146828
- Publisher
- John Wiley and Sons
- Year
- 2007
- Tongue
- English
- Weight
- 672 KB
- Volume
- 39
- Category
- Article
- ISSN
- 0022-2879
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