Titlebook: Central Banking, Monetary Policies, and the Implications for Transition Economies; Mario I. Blejer,Marko Škreb Book 1999 Springer Science+

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Objektorientierte Programmierung in Oberon-2beral. In this chapter I analyze the developments that led to this decision. I also discuss the problem of the central bank’s responsibility regarding regulation of international financial flows. The analysis is strictly limited to the short run, with a special reference to the nature of the monetary transmission mechanism.

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Central Banking and Monetary Policyeived renewed and vigorous stimulus from a number of current events. In Europe, the once Utopian project of creating a supranational central bank has become a reality: the European Central Bank was launched in mid-1998, and the introduction of the European single currency, the euro, is on schedule.

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Central-Bank Independence and Political Business Cyclesntries. The classic study of the political business cycle is Tufte (1978), in which he presented basic evidence of cyclical movements in policy instruments and in measures of economic activity that correlate with the political cycle and peak around election time. (We discuss below more formal econom

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Political Culture and the Political Economy of Central-Bank Independencetwo primary empirical issues are (1) measurement of central-bank independence to be able to determine the degree to which a central bank is independent and (2) evaluation of the relation between a measure of central-bank independence and policy performance.

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Central Banks, Asset Bubbles, and Financial Stabilityecade, asset price inflation (bubbles) and financial stability have increasingly become important concerns. A recent survey by the International Monetary Fund (IMF) reported serious banking and financial market problems in more than 130 of its 180 plus member countries since 1980, and that was befor

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