Central Banks' Independence: Institutional Determinants, Rankings and Central Bankers' Views
Over 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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Volume (Year): 41 (1994)
Issue (Month): 4 (November)
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