Review Any Link Between Legal Central Bank Independence and Inflation? Evidence from Latin America and the Caribbean

Any Link Between Legal Central Bank Independence and Inflation? Evidence from Latin America and the Caribbean High quality books

Any Link Between Legal Central Bank Independence and Inflation? Evidence from Latin America and the Caribbean
By:Luis Ignacio Jácome,Francisco F. Vázquez
Published on 2005-04-01 by International Monetary Fund

This paper reviews central bank legislation in 24 countries in Latin America and the Caribbean during the 1990s. Using panel regressions, we find a negative relationship between legal central bank independence (CBI) and inflation. This result holds for three alternative measures of CBI and after controlling for international inflation, banking crises, and exchange regimes. The result is also robust to the inclusion of a broader indicator of structural reforms that usually go along with changes in central bank legislation, illustrating the complementary nature of various aspects of economic reform. The paper fails, however, to find a causal relationship running from CBI to inflation.

This Book was ranked at 8 by Google Books for keyword bank.

Book ID of Any Link Between Legal Central Bank Independence and Inflation? Evidence from Latin America and the Caribbean's Books is 4OY_oG1jk0wC, Book which was written byLuis Ignacio Jácome,Francisco F. Vázquezhave ETAG "WY6j2Xi32xQ"

Book which was published by International Monetary Fund since 2005-04-01 have ISBNs, ISBN 13 Code is and ISBN 10 Code is

Reading Mode in Text Status is true and Reading Mode in Image Status is true

Book which have "41 Pages" is Printed at BOOK under Category

This Book was rated by Raters and have average rate at ""

This eBook Maturity (Adult Book) status is NOT_MATURE

Book was written in en

eBook Version Availability Status at PDF is falseand in ePub is true

Book Preview