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Analysis of independence of the central banks of the Russian Federation, the CIS and East European countries

Author

Listed:
  • Pavel Trunin

    (Gaidar Institute for Economic Policy)

  • Kniazev Dmitriy

    (Gaidar Institute for Economic Policy)

  • Satdarov Alexandr

    (Gaidar Institute for Economic Policy)

Abstract

On the basis of an overview of theoretical and empirical studies on central banks’ independence, the paper assesses the independence of the central banks of the former USSR republics including the RF, as well as those of East European countries. An analysis of the potential existence of a relationship between the banks’ independence and some major economic indices, such as inflation, economic activity, and budget deficit, was also performed.

Suggested Citation

  • Pavel Trunin & Kniazev Dmitriy & Satdarov Alexandr, 2010. "Analysis of independence of the central banks of the Russian Federation, the CIS and East European countries," Research Paper Series, Gaidar Institute for Economic Policy, issue 133P.
  • Handle: RePEc:gai:rpaper:85
    as

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    References listed on IDEAS

    as
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    central bank; CIS countries; East European countries;
    All these keywords.

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General
    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation

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