Download or read book Central Bank Autonomy and Inflation and Output Performance in the Baltic States Russia and Other Countries of the Former Soviet Union 1995 1997 written by Mr.Tonny Lybek and published by International Monetary Fund. This book was released on 1999-01-01 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: A higher degree of de jure autonomy and accountability of the central banks of the Baltic states, Russia, and other countries of the former Soviet Union appears to be positively correlated with lower average inflation. There also seems to be some positive correlation between greater central bank autonomy and higher average real growth, after the initial period of reforms. Central banks with a higher degree of autonomy and accountability have apparently also reformed their operations more aggressively.
Download or read book Central Bank Autonomy and Inflation and Output Performance in the Baltic States Russia and Other Countries of the Former Soviet Union 1995 97 written by Tonny Lybek and published by . This book was released on 1999 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Central Bank Autonomy and Inflation and Output Performance in the Baltic States Russia and Other Countries of the Former Soviet Union 1995 97 written by Tommy Lybek and published by . This book was released on 1999 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book CENTRAL BANK AUTONOMY AND INFLATION AND OUTPUT PERFORMANCE IN THE BALTIC STATES RUSSIA AND OTHER COUNTRIES OF THE FORMER SOCIET UNION 1995 97 written by Tonny LYBEK and published by . This book was released on 1999 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Macroeconomic Developments in the Baltics Russia and Other Countries of the Former Soviet Union 1992 97 written by Mr.Luis Valdivieso and published by International Monetary Fund. This book was released on 1999-01-06 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses the significant overall progress with macro stabilization of these transition countries during 1992-1997. While average inflation declined steadily since 1992, output fell significantly for many of these countries during this period, and it was not unti 1996-97 that as a group they experienced positive growth, financial policies, the current account, competitiveness, debt-and non-debt-creating capital flows, and the initial impact of the Asian crisis.
Download or read book Atti della prima Lezione Mario Arcelli written by Marco Mazzoli and published by Rubbettino Editore. This book was released on 2005 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Inflation Performance and Constitutional Central Bank Independence written by Eva Gutiérrez and published by . This book was released on 2003 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Central Bank Autonomy written by Marco Arnone and published by . This book was released on 2007 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: We calculate indexes of central bank autonomy (CBA) for 163 central banks as of end-2003, and comparable indexes for a subgroup of 68 central banks as of the end of the 1980s. The results confirm strong improvements in both economic and political CBA over the past couple of decades, although more progress is needed to boost political autonomy of the central banks in emerging market and developing countries. Our analysis confirms that greater CBA has on average helped to maintain low inflation levels. The paper identifies four broad principles of central bank autonomy that have been shared by the majority of countries. Significant differences exist in the area of banking supervision where many central banks have retained a key role. Finally, we discuss the sequencing of reforms to separate the conduct of monetary and fiscal policies.
Download or read book Applied Econometrics and Macroeconometric Modelling in Nigeria written by and published by . This book was released on 2009 with total page 622 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book IMF Staff Papers Volume 56 No 2 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2009-06-03 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: China’s growth performance since the start of economic reforms in 1978 has been impressive, but the gains have not been distributed equally across provinces. We use a nonparametric approach to analyze the variation in labor productivity growth across China’s provinces. This approach imposes less structure on the data than the standard growth accounting framework and allows for a breakdown of labor productivity into efficiency gains, technological progress, and capital deepening. We have the following results. First, we find that on average capital deepening accounts for about 75 percent of total labor productivity growth, while efficiency and technological improvements account for about 7 and 18 percent, respectively. Second, technical change is not neutral. Third, whereas improvement in efficiency contributes to convergence in labor productivity between provinces, technical change contributes to productivity disparity across provinces. Finally, we find that foreign direct investment has a positive and significant effect on efficiency growth and technical progress.
Download or read book The Measurement of Central Bank Autonomy written by Marco Arnone and published by International Monetary Fund. This book was released on 2006-10 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a survey of the literature on the measurement of central bank autonomy. We distinguish inputs that constitute the building blocks in the literature, and the literature that builds on them. Issues including sensitivity analysis, robustness, and endogeneity are discussed. The review shows that empirical evidence regarding the beneficial effects of central bank autonomy is substantial, although some technical issues still remain for further research. In particular, central bank autonomy raises the issue of subjecting the monetary authorities to democratic control; this calls for additional research on the linkages between central bank autonomy and accountability and transparency. Additional empirical analysis on the relationship between the financial strength of the central bank and its de facto autonomy, and between its autonomy and financial stability, would also be desirable.
Download or read book Inflation Dynamics and Nominal Adjustment in the Baltic States written by Jaan Masso and published by . This book was released on 2005 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Russian East European Finance and Trade written by and published by . This book was released on 1999 with total page 624 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Focus on Transition written by and published by . This book was released on 2000 with total page 660 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Central Bank Independence Accountability and Transparency written by B. Laurens and published by Springer. This book was released on 2016-04-30 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 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.
Download or read book Surrendering Sovereignty written by Kathleen J. Hancock and published by . This book was released on 2001 with total page 772 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Current Developments in Monetary and Financial Law Volume 2 written by International Monetary Fund and published by International Monetary Fund. This book was released on 2003-10-20 with total page 886 pages. Available in PDF, EPUB and Kindle. Book excerpt: The papers published in this volume are based on an IMF seminar held in 2000 that covered a broad range of topics on monetary and financial law, such as the liberalization of capital movements, data dissemination, responsibilities of central banks, and the IMF’s goals in financial surveillance and architecture. Participants addressed recent issues in the financial sector, including those related to payment systems and supervision of financial institutions. Updates dealt with Internet banking, bank secrecy, and currency arrangements-including dollarization. Participants discussed the recent activities of the other international financial institutions, which included the European Central Bank and the International Finance Corporation. Prevention of financial crises was also discussed, with reference to the distinct roles of the IMF and the private sector.
