MEASURING THE DEGREE OF THE CENTRAL BANK'S INDEPENDENCE

• Autorzy: Brzozowski M.
• Języki publikacji: PL

Abstrakty

EN

The law-based indicators of central bank independence neither satisfactorily reflect the real degree of autonomy nor the theoretical dimension of the concept of independence. In the developing market economies there emerges, alongside the subjective assessment of the statutes of the central bank, a problem of a divergence between the legal stipulations and the practices of government vis-a-vis the decision makers in the realm of monetary policy. Using panel research data and reaction functions the author ranked the degree of independence of central banks in the countries undergoing transformation. He presents analytically estimated central bank's independence indices of countries in question.

Słowa kluczowe

EN

CENTAL BANK INDEPENDENCE

• Czasopismo: Ekonomista
• Rocznik: 2004
• Numer: 2
• Strony: 187-207
• Rodzaj publikacji: ARTICLE

Twórcy

autor

Brzozowski M.

• M. Brzozowski, Uniwersytet Warszawski, Wydzial Nauk Ekonomicznych, Katedra Makroekonomii i Teorii Handlu Zagranicznego, ul. Dluga 44/50, 00-241 Warszawa, Poland

Identyfikatory

CEJSH db identifier

04PLAAAA0018373