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How transparent are central banks?

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Author Info

  • Eijffinger, S.C.W.

    (Tilburg University)

  • Geraats, P.

Abstract

Central bank transparency has become the topic of a lively public and academic debate on monetary policy. Unfortunately, it has been complicated by the fact that transparency is a qualitative concept that is hard to measure. This paper proposes a comprehensive index for central bank transparency that comprises the political, economic, procedural, policy and operational aspects of central banking. The index is compiled for nine major central banks. It is based on a detailed analysis of actual information disclosure and reveals a rich variety in the degree and dynamics of central bank transparency.

(This abstract was borrowed from another version of this item.)

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Bibliographic Info

Paper provided by Tilburg University in its series Open Access publications from Tilburg University with number urn:nbn:nl:ui:12-172467.

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Date of creation: 2006
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Publication status: Published in European Journal of Political Economy (2006) v.22, p.1-21
Handle: RePEc:ner:tilbur:urn:nbn:nl:ui:12-172467

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Web page: http://www.tilburguniversity.edu/

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References

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