Central Banks' Independence: Institutional Determinants, Rankings and Central Bankers' Views
AbstractOver the last few years, it has been shown that the institutional constraints on central banks' behavior matter a lot. This paper supplements the existing literature by supplying a detailed listing and an appropriate grouping of the many constraints that have been considered so far; a ranking of all central banks of OECD countries according to their degrees of independence of governments; and the results of an inquiry into the relevance that central bankers themselves attach to such matters. Copyright 1994 by Scottish Economic Society.
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Bibliographic InfoArticle provided by Scottish Economic Society in its journal Scottish Journal of Political Economy.
Volume (Year): 41 (1994)
Issue (Month): 4 (November)
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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0036-9292
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- David Cobham & Stefania Cosci & Fabrizio Mattesini, 2008.
"Informal central bank independence: an analysis for three European countries,"
CEIS Research Paper
116, Tor Vergata University, CEIS, revised 14 Jul 2008.
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- Sieg, Gernot, 1997. "A model of partisan central banks and opportunistic political business cycles," European Journal of Political Economy, Elsevier, vol. 13(3), pages 503-516, September.
- Vaubel, Roland, 1999. "The Future of the Euro : A Public Choice Perspective," Discussion Papers 570, Institut fuer Volkswirtschaftslehre und Statistik, Abteilung fuer Volkswirtschaftslehre.
- Vaubel, Roland, 1997. "The bureaucratic and partisan behavior of independent central banks: German and international evidence," European Journal of Political Economy, Elsevier, vol. 13(2), pages 201-224, May.
- Marc Quintyn, 2009. "Independent agencies: more than a cheap copy of independent central banks?," Constitutional Political Economy, Springer, vol. 20(3), pages 267-295, September.
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