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Appointements to central bank boards : does gender matter ?

Author

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  • Patricia Charléty

    (Essec Business School, THEMA - Théorie économique, modélisation et applications - UCP - Université de Cergy Pontoise - Université Paris-Seine - CNRS - Centre National de la Recherche Scientifique)

  • Davide Romelli

    (Trinity College Dublin)

  • Estefania Santacreu-Vasut

    () (Essec Business School)

Abstract

This paper provides the fi rst systematic analysis of the evolution of female and male appointments to central bank boards. We build a novel and unique dataset that tracks appointments and replacements in a balanced panel of 26 OECD central bank boards from 2003 to 2015. We find that the likelihood of appointing a female is higher when a female rather than a male is being replaced and lower when the percentage of women on the board is already high.

Suggested Citation

  • Patricia Charléty & Davide Romelli & Estefania Santacreu-Vasut, 2016. "Appointements to central bank boards : does gender matter ?," Working Papers hal-01386422, HAL.
    • Handle: RePEc:hal:wpaper:hal-01386422
    Note: View the original document on HAL open archive server: https://hal-essec.archives-ouvertes.fr/hal-01386422
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    References listed on IDEAS

    as
    1. La Porta, Rafael & Lopez-de-Silanes, Florencio & Shleifer, Andrei & Vishny, Robert, 1999. "The Quality of Government," Journal of Law, Economics, and Organization, Oxford University Press, vol. 15(1), pages 222-279, April.
    2. Davide Romelli, 2018. "The political economy of reforms in central bank design: evidence from a new dataset," Trinity Economics Papers tep0918, Trinity College Dublin, Department of Economics.
    3. Adams, Renée B. & Ferreira, Daniel, 2009. "Women in the boardroom and their impact on governance and performance," Journal of Financial Economics, Elsevier, vol. 94(2), pages 291-309, November.
    4. Kenneth R. Ahern & Amy K. Dittmar, 2012. "The Changing of the Boards: The Impact on Firm Valuation of Mandated Female Board Representation," The Quarterly Journal of Economics, Oxford University Press, vol. 127(1), pages 137-197.
    5. Diouf, Ibrahima & Pépin, Dominique, 2017. "Gender and central banking," Economic Modelling, Elsevier, vol. 61(C), pages 193-206.
    6. Charléty, Patricia & Romelli, Davide & Santacreu-Vasut, Estefania, 2017. "Appointments to central bank boards: Does gender matter?," Economics Letters, Elsevier, vol. 155(C), pages 59-61.
    7. Luc Laeven & Fabian Valencia, 2020. "Systemic Banking Crises Database II," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 68(2), pages 307-361, June.
    8. Donato Masciandaro & Paola Profeta & Davide Romelli, 2016. "Gender and Monetary Policymaking: Trends and Drivers," BAFFI CAREFIN Working Papers 1512, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
    9. Etienne Farvaque & Hakim Hammadou & Piotr Stanek, 2011. "Selecting Your Inflation Targeters: Background and Performance of Monetary Policy Committee Members," German Economic Review, Verein für Socialpolitik, vol. 12(2), pages 223-238, May.
    10. Gay, Victor & Hicks, Daniel L. & Santacreu-Vasut, Estefania, 2016. "Migration as a Window into the Coevolution between Language and Behavior," MPRA Paper 77566, University Library of Munich, Germany.
    11. Estefania Santacreu-Vasut & Oded Shenkar & Amir Shoham, 2014. "Linguistic gender marking and its international business ramifications," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 45(9), pages 1170-1178, December.
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    15. repec:hrv:faseco:30747160 is not listed on IDEAS
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    Cited by:

    1. Charléty, Patricia & Romelli, Davide & Santacreu-Vasut, Estefania, 2017. "Appointments to central bank boards: Does gender matter?," Economics Letters, Elsevier, vol. 155(C), pages 59-61.
    2. Mateos de Cabo, Ruth & Gimeno, Ricardo, 2017. "Jobs for the Boys? Exploring gender biased director’s selection," Economics Letters, Elsevier, vol. 161(C), pages 82-85.
    3. Farvaque, Etienne & Malan, Franck & Stanek, Piotr, 2020. "Misplaced childhood: When recession children grow up as central bankers," Journal of Economic Dynamics and Control, Elsevier, vol. 110(C).
    4. Abdelkader Aguir, 2018. "Central Bank Credibility, Independence, and Monetary Policy," Journal of Central Banking Theory and Practice, Central bank of Montenegro, vol. 7(3), pages 91-110.
    5. Donato Masciandaro & Paola Profeta & Davide Romelli, 2020. "Do Women Matter in Monetary Policy Boards?," BAFFI CAREFIN Working Papers 20148, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
    6. Bennani, Hamza & Farvaque, Etienne & Stanek, Piotr, 2018. "Influence of regional cycles and personal background on FOMC members’ preferences and disagreement," Economic Modelling, Elsevier, vol. 68(C), pages 416-424.

    More about this item

    Keywords

    Governance; Boards; Central Banks; Financial Crisis; Gender;

    JEL classification:

    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • G2 - Financial Economics - - Financial Institutions and Services
    • G3 - Financial Economics - - Corporate Finance and Governance
    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination

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