corruption and central bank independence evidence from developing countries
نویسندگان
چکیده
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منابع مشابه
Central Bank Independence and Central Bank Conservatism: Theory with an Application to Iran
New monetary literatures widely concentrates on the importance of institutional arrangements in the effectiveness of monetary policy. The debate regarding the optimal institutional design of central banks, independence and conservatism are usually considered to be the most important ingredients for a stable and successful monetary policy. Therefore, the purpose of this study is to deal with the...
متن کاملCorruption in Developing Countries
Recent years have seen a remarkable expansion in economists’ ability to measure corruption. This, in turn, has led to a new generation of well-identified, microeconomic studies. We review the evidence on corruption in developing countries in light of these recent advances, focusing on three questions: how much corruption is there, what are the efficiency consequences of corruption, and what det...
متن کاملApproaches to Corruption in the Developing Countries
This article mainly seeks to provide a framework to help us reach a better understanding of the nature, causes and grounds of increasing administrative corruption in developing countries. In this regard, the author identifies six approaches to administrative corruption and surveys issues related to the rise of corruption within these context. These approaches include cost-benefit, relative depr...
متن کاملEducation , Corruption and Growth in developing countries ∗
Krueger and Lindahl (2001) has emphasized that education is the key factor in explaining growth. But what can explain the fact that the growth might still be missing in developing countries with a certain level of education? Corruption, poor enforcement of property rights, share of government spending in GDP and government’s regulations might affect the Total Factor Productivity (TFP) of a coun...
متن کاملInflation Performance and Constitutional Central Bank Independence: Evidence from Latin America and the Caribbean
Abstract: This paper explores the relationship between the constitutional entrenchment of central bank independence and inflation performance. Empirical studies for developing countries have not found a relationship between central bank independence, proxied by the de jure independence established in the central bank law, and inflation. We argue that the Constitution is likely to be better enfo...
متن کاملCentral Bank Independence and Macro- prudential Regulation
We consider the optimality of various institutional arrangements for agencies that conduct macro-prudential regulation and monetary policy. When a central bank is in charge of price and financial stability, a new time inconsistency problem may arise. Ex-ante, the central bank chooses the socially optimal level of inflation. Ex-post, however, the central bank chooses inflation above the social o...
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عنوان ژورنال:
the international journal of humanitiesناشر: tarbiat modarres university
ISSN 1735-5060
دوره 8
شماره No. 4 2001
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