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Derivation of Optimal Transparency of the Central Bank for Minimizing the Output Volatility: The Case Study of Organization of Islamic Cooperation

Author

Listed:
  • Ehsani, Mohammadali

    (Mazandaran University)

  • Farzinvash, Asadollah

    (University of Tehran)

  • Elahi, Nasser

    (Mofid University)

  • Izadi, Reza

    (Mofid University)

Abstract

This paper aims to optimize the Central Bank transparency level which corresponds to the minimum of output volatility in 28 states of the Organization of Islamic Cooperation (due to the maximum data availability) during the period 2003-2014. For this purpose, the Dincer-Eichengreen index is used, which includes five aspects covering

Suggested Citation

  • Ehsani, Mohammadali & Farzinvash, Asadollah & Elahi, Nasser & Izadi, Reza, 2017. "Derivation of Optimal Transparency of the Central Bank for Minimizing the Output Volatility: The Case Study of Organization of Islamic Cooperation," Journal of Money and Economy, Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran, vol. 12(3), pages 345-367, July.
    • Handle: RePEc:mbr:jmonec:v:12:y:2017:i:3:p:345-367
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    References listed on IDEAS

    as
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