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The Central Bank of Malta’s First Fifty Years: A Solid Foundation for the Future

Editor

Listed:
  • Aaron G. Grech
    ()

    (Central Bank of Malta)

  • Brian Micallef
    ()

    (Central Bank of Malta)

  • Sandra Zerafa
    ()

    (Central Bank of Malta)

  • Tiziana M. Gauci
    ()

    (Central Bank of Malta)

Abstract

This book commemorates the fiftieth anniversary since the establishment of the Central Bank of Malta. It attempts to develop a longer-term perspective of the fundamental changes that transformed Malta's economic and financial landscape during this period and, in conjunction, the changing role of the Central Bank of Malta. The publication is divided into two parts. The first part gives an overview of the Maltese economy and the financial system, outlining trends and structural changes over the five decades after 1968. The second part of the publication reviews the Bank's operations since its inception. Its operational history can be divided in three main periods, reflecting the Bank's evolution from an organisation carrying out central banking functions in the context of Malta's fixed exchange rate regime, to an institution becoming an integral part of the Eurosystem.

Suggested Citation

  • Aaron G. Grech & Brian Micallef & Sandra Zerafa & Tiziana M. Gauci (ed.), 2018. "The Central Bank of Malta’s First Fifty Years: A Solid Foundation for the Future," CBM Ebooks, Central Bank of Malta, edition 1, number 01, March.
  • Handle: RePEc:mlt:ebooks:01
    as

    Download full text from publisher

    File URL: https://www.centralbankmalta.org/site/excel/publications/CBM-50-Anniversary-Publication.pdf
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    References listed on IDEAS

    as
    1. Gomes, S. & Jacquinot, P. & Pisani, M., 2012. "The EAGLE. A model for policy analysis of macroeconomic interdependence in the euro area," Economic Modelling, Elsevier, vol. 29(5), pages 1686-1714.
    2. Alan J. Auerbach & Yuriy Gorodnichenko, 2012. "Fiscal Multipliers in Recession and Expansion," NBER Chapters,in: Fiscal Policy after the Financial Crisis, pages 63-98 National Bureau of Economic Research, Inc.
    3. Olivier J. Blanchard & Daniel Leigh, 2013. "Growth Forecast Errors and Fiscal Multipliers," American Economic Review, American Economic Association, vol. 103(3), pages 117-120, May.
    4. Christina D. Romer & David H. Romer, 2010. "The Macroeconomic Effects of Tax Changes: Estimates Based on a New Measure of Fiscal Shocks," American Economic Review, American Economic Association, vol. 100(3), pages 763-801, June.
    5. Lawrence Christiano & Martin Eichenbaum & Sergio Rebelo, 2011. "When Is the Government Spending Multiplier Large?," Journal of Political Economy, University of Chicago Press, vol. 119(1), pages 78-121.
    6. Brian Micallef, 2013. "Measuring the effects of structural reforms in Malta: an analysis using the EAGLE model," CBM Working Papers WP/01/2013, Central Bank of Malta.
    7. Eric M. Leeper & Nora Traum & Todd B. Walker, 2017. "Clearing Up the Fiscal Multiplier Morass," American Economic Review, American Economic Association, vol. 107(8), pages 2409-2454, August.
    8. Juha Kilponen, Massimiliano Pisani, Sebastian Schmidt, Vesna Corbo, Tibor Hledik, Josef Hollmayr, Samuel Hurtado, Paulo Júlio, Dmitry Kulikov, Matthieu Lemoine, Matija Lozej, Henrik Lundvall, José R. , 2015. "Comparing fiscal multipliers across models and countries in Europe," Working Paper Research 278, National Bank of Belgium.
    9. Olivier Blanchard & Roberto Perotti, 2002. "An Empirical Characterization of the Dynamic Effects of Changes in Government Spending and Taxes on Output," The Quarterly Journal of Economics, Oxford University Press, vol. 117(4), pages 1329-1368.
    10. Antonio Spilimbergo & Martin Schindler & Steven A. Symansky, 2009. "Fiscal Multipliers," IMF Staff Position Notes 2009/11, International Monetary Fund.
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