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When are Central Bankers Removed?

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  • Muhammad Azmat Hayat
  • Étienne Farvaque

Abstract

This paper shows that the probability of replacing a central bank governor is positively related to the time already spent in office, to banking and currency crises, the occurrence of elections, central bank independence reforms, and inflation. Moreover, results are shown to depend on the change being a regular or irregular one, and whether it occurs before or after the legal term.

Suggested Citation

  • Muhammad Azmat Hayat & Étienne Farvaque, 2011. "When are Central Bankers Removed?," Revue économique, Presses de Sciences-Po, vol. 62(3), pages 471-478.
    • Handle: RePEc:cai:recosp:reco_623_0471
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    Citations

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    Cited by:

    1. Saibal Ghosh, 2023. "Stability versus soundness: what matters for women central bank governors?," Economic Change and Restructuring, Springer, vol. 56(4), pages 2315-2338, August.
    2. Etienne Farvaque & Norimichi Matsueda, 2017. "Optimal Term Length For An Overconfident Central Banker," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 62(01), pages 179-192, March.
    3. Abdelkader Aguir & Mounir Smida, 2014. "The Effects of Inflation Targeting on Macroeconomics Performance," Post-Print hal-03791288, HAL.

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