Titlebook: Central Bank Independence, Accountability, and Transparency; A Global Perspective Bernard J. Laurens,Marco Arnone,Jean-François Sega Book 2

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Global Trends in Central Bank Governance,4, and which are applied to CBs from advanced countries, emerging markets, and developing countries. Our analysis is based on the levels of CB independence, accountability, and transparency observed in the recent period. Furthermore, we analyze the evolution of CB independence over time (i.e., since

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Independence and Inflation Performance: New Empirical Evidence,flect actual monetary and fiscal policies, the external environment, and the general attitudes of policy-makers towards inflation, which may, ormay not, be reflected inCBlaws. Therefore, we examine to what extent strong legal frameworks for CBindependence may have contributed to the reduction in ave

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2947-9312 the areas, as well as assessing the impact of central bank autonomy on macroeconomic performance. The issues are approached from theoretical and empirical perspectives.978-0-230-28212-4Series ISSN 2947-9312 Series E-ISSN 2947-9320

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Book 2009This book explores three key areas of central banking and governance - autonomy, accountability and transparency. It looks at links between the areas, as well as assessing the impact of central bank autonomy on macroeconomic performance. The issues are approached from theoretical and empirical perspectives.

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https://doi.org/10.1007/978-0-230-28212-4bank; banking; Inflation; macroeconomics

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,Zum Schluss: die Schönheit des Optimums, have sufficient independence as a means to attain this goal.. These conclusions are based on a large body of literature that was developed starting in the late 1970s, and demonstrated that CB independence has undisputable benefits for macroeconomic performance. On average, countries with CBs enjoyi