Central Bank Strategy Credibility And Independence
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Central Bank Strategy Credibility and Independence
Author | : Alex Cukierman |
Publsiher | : MIT Press |
Total Pages | : 532 |
Release | : 1992 |
Genre | : Business & Economics |
ISBN | : 0262031981 |
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This book brings together a large body of Cukierman's research and integrates it with recent developments in the political economy of monetary policy.
Central Bank Independence Targets and Credibility
Author | : Francesco Lippi |
Publsiher | : Edward Elgar Publishing |
Total Pages | : 180 |
Release | : 1999-01-27 |
Genre | : Business & Economics |
ISBN | : 1782542973 |
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This book integrates new political and economic elements into the analysis of monetary policy credibility and central bank independence. The author considers imperfect monetary control, rational voters, distributional issues and uncertainty about future policy objectives in his welfare analysis of central banking. The role played by the different institutional elements that contribute to the making of an independent central bank is also assessed. A distinction is made between central bank independence and targets offering new insights into how a more inflation averse monetary policy may actually be achieved. Finally, explanations for the variation of central bank independence and conservatism across different countries are provided. This book will appeal to researchers, academics and policy makers in the fields of monetary policy, financial economics, money and banking and political economy.
Credibility of Central Bank Independence Revisited
Author | : Mr.Timo Valila |
Publsiher | : International Monetary Fund |
Total Pages | : 17 |
Release | : 1999-01-01 |
Genre | : Business & Economics |
ISBN | : 9781451841749 |
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The specific role of central bank independence in determining the overall credibility of monetary policy is addressed in this paper. It is argued that the credibility of delegating monetary policy to an independent central bank is endogenous to the credibility of the inflation target because a “conservative” inflation target may not be compatible with the fiscal policy stance. Also, lack of transparency in designing the institutional set-up is shown to be welfare-reducing.
Central Bank Independence
Author | : International Monetary Fund |
Publsiher | : International Monetary Fund |
Total Pages | : 59 |
Release | : 1991-06-01 |
Genre | : Business & Economics |
ISBN | : 9781451966428 |
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There has been growing interest recently in the scope for promoting monetary stability through the establishment of independent central banks. This paper reviews the issues involved in central bank independence against the background of arrangements in nine countries. The analysis suggests that detailed institutional arrangements would need to be carefully designed if the potential benefits of central bank independence are to be delivered. Particularly important are the nature of arrangements to resolve various types of conflicts involving monetary policy, and arrangements to promote accountability and public monitoring of monetary policy performance.
The European Central Bank
Author | : Jakob De Haan,Sylvester C. W. Eijffinger,Sandra Waller |
Publsiher | : MIT Press |
Total Pages | : 277 |
Release | : 2005-04-15 |
Genre | : Business & Economics |
ISBN | : 9780262262453 |
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An examination of the debates on European Central Bank monetary policy, focusing on issues of transparency, credibility, and accountability and the effect of the ECB's decentralized structure. The adoption of the euro in 1999 by 11 member states of the European Union created a single currency area second in economic size only to the United States. The euro zone's monetary policy is now set by the European Central Bank (ECB) and its Governing Council rather than by individual national central banks. This CESifo volume examines issues that have arisen in the first years of ECB monetary policy and analyzes the effect that current ECB policy strategy and structures may have in the future. After a detailed description and assessment of ECB monetary policy making that focuses on such issues as price stability and the predictability of policy decisions, the book turns to two important issues faced by European central bankers: the transparency and credibility of decision making and the ECB's decentralized structure. After showing that transparency in decision making enhances credibility, the book discusses the ECB's efforts at openness, its political independence as guaranteed by law, and its ultimate accountability. The book then considers the effects of the decentralized ECB structure, focusing on business cycle synchronization, inflation differentials, and differences in monetary policy transmission in light of the enlargement of the monetary union. The book also discusses options for ECB institutional reforms, including centralization, vote weighting, and cross-border regional banks.
Institutions and monetary policy credibility flexibility and central bank independence
![Institutions and monetary policy credibility flexibility and central bank independence](https://youbookinc.com/wp-content/uploads/2024/06/cover.jpg)
Author | : Anonim |
Publsiher | : Unknown |
Total Pages | : 249 |
Release | : 1995 |
Genre | : Banks and banking, Central |
ISBN | : OCLC:782216746 |
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The Role For and Credibility Of Monetary Policy and Central Bank Independence
![The Role For and Credibility Of Monetary Policy and Central Bank Independence](https://youbookinc.com/wp-content/uploads/2024/06/cover.jpg)
Author | : Anis Chowdhury,Akhtar Hossain |
Publsiher | : Unknown |
Total Pages | : 27 |
Release | : 1993 |
Genre | : Monetary policy |
ISBN | : 1875760008 |
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Central Banking as Global Governance
Author | : Rodney Bruce Hall |
Publsiher | : Cambridge University Press |
Total Pages | : 278 |
Release | : 2008-12-04 |
Genre | : Business & Economics |
ISBN | : 9780521898614 |
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An original analysis of central banking as global governance, developing the social relations of money, credit, and debt.