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Transparency Of The Monetary Policy Of Central Banks Selected

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  • Lukasz Topolewski

    () (Nicolaus Copernicus University)

Abstract

The work concerns the transparency of monetary policy selected central banks. The significance of this issue is growing and has a huge impact on the policy pursued by the central bank. There are also increasing importance of other aspects of quality. This article presents the transparency of monetary policy being carried out by the central bank. During the preparation work is based mainly on the analysis of the literature on a selected topic. The paper cites studies by other authors. Research shows that transparency is determined by many factors, which among others include: applied monetary policy strategy, experience, associated with a history of banking crises, as well as part of the supervision of the banking system. The conducted considerations that the level of transparency of the analyzed banks increased significantly, and this trend will probably continue in the future. Banks completely changed their attitude in this regard and are becoming more open to providing information to the public. It has been shown that among the subjects analyzed, the Czech National Bank and the National Bank of Hungary lead the most transparent monetary policy.

Suggested Citation

  • Lukasz Topolewski, 2013. "Transparency Of The Monetary Policy Of Central Banks Selected," Working Papers 16/2013, Institute of Economic Research, revised May 2013.
  • Handle: RePEc:pes:wpaper:2013:no16
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    Keywords

    monetary policy; central bank; transparency;

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