Measures of central bank autonomy : empirical evidence for OECD, developing, and emerging market economies

Measures of central bank autonomy : empirical evidence for OECD, developing, and emerging market economies /

This paper presents an update of the Grilli-Masciandaro-Tabellini (GMT) index of central bank (CB) autonomy, based on CB legislation as of end-2003. The index is applied to a set of OECD and developing countries, and emerging market economies. For a smaller set of countries, the paper presents a rec...

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Bibliographic Details
Online Access: Full text (MCPHS users only)
Main Authors: Arnone, Marco (Author), Laurens, Bernard (Author), Segalotto, Jean-François (Author)
Corporate Author: International Monetary Fund. Monetary and Capital Markets Department
Format: Electronic eBook
Language:English
Published: [Washington D.C.] : International Monetary Fund., 2006
Series:IMF working paper ; WP/06/228.
Subjects:
Banks and banking, Central > Law and legislation > Developing countries.
Banks and banking, Central > Law and legislation > OECD countries.
Monetary policy > Developing countries.
Monetary policy > OECD countries.
Local Note:ProQuest Ebook Central
Table of Contents:
  • Contents
  • I. INTRODUCTION AND DATA
  • II. UPDATED INDICATORS OF CENTRAL BANK AUTONOMY IN SELECTED OECD COUNTRIES
  • III. AUTONOMY INDICATORS FOR EMERGING MARKETS AND DEVELOPING COUNTRIES
  • IV. PROGRESS TOWARDS AUTONOMY IN EMERGING MARKETS AND DEVELOPING COUNTRIES
  • V. OVERVIEW OF INDICATORS AND STANDARDIZED RESULTS
  • VI. CONCLUDING REMARKS
  • LEGAL SOURCES CONSULTED
  • CUKIERMAN VARIABLES VERSUS GMT VARIABLES
  • REFERENCES

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