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Central bank transparency: another look

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  • Pierre Siklos

Abstract

This article extends the Dincer and Eichengreen (2007) index of central bank transparency. Improvements in transparency are notable in Central and Eastern Europe, whereas the index has shown much smaller rises in most other parts of the world. The pattern observed by Dincer and Eichengreen, consistent with a permanent increase in central bank transparency, is also evident in the updated results. The dramatic enhancements in central bank transparency reported earlier appear to be a feature of the late 1990s and the early 2000s. Whether the subsequent data reflect limits to central banks' transparency or, to some extent, transparency 'fatigue' is unclear.

Suggested Citation

  • Pierre Siklos, 2011. "Central bank transparency: another look," Applied Economics Letters, Taylor & Francis Journals, vol. 18(10), pages 929-933.
  • Handle: RePEc:taf:apeclt:v:18:y:2011:i:10:p:929-933
    DOI: 10.1080/13504851.2010.515199
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    References listed on IDEAS

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    1. Alex Cukierman, 1992. "Central Bank Strategy, Credibility, and Independence: Theory and Evidence," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262031981, March.
    2. N. Nergiz Dincer & Barry Eichengreen, 2007. "Central Bank Transparency: Where, Why, and with What Effects?," NBER Working Papers 13003, National Bureau of Economic Research, Inc.
    3. Jakob de Haan & Sylvester C. W. Eijffinger & Sandra Waller, 2005. "The European Central Bank: Credibility, Transparency, and Centralization," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262042266, March.
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    JEL classification:

    • E0 - Macroeconomics and Monetary Economics - - General
    • F0 - International Economics - - General

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