Verfügbarkeit: Legal Central Bank Independence and Inflation in Latin America During the 1990's

Legal Central Bank Independence and Inflation in Latin America During the 1990's:

This paper reviews central banks' legal reform in Latin America during the 1990s and discusses the status of central bank independence in the region. Based on this information, it builds a simplified index of central bank independence which, in addition to the commonly used criteria of politica...

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1. Verfasser:	Jácome, Luis Ignacio (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C International Monetary Fund 2001
Schriftenreihe:	IMF Working Papers Working Paper No. 01/212
Online-Zugang:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Zusammenfassung:	This paper reviews central banks' legal reform in Latin America during the 1990s and discusses the status of central bank independence in the region. Based on this information, it builds a simplified index of central bank independence which, in addition to the commonly used criteria of political and economic independence, incorporates provisions of central banks' financial autonomy, accountability, and lender-of-last-resort. The paper finds a moderate negative correlation between increased central bank independence and inflation during 1999-2001 in 14 Latin American countries. Dissagregating the index, the same analysis suggests that economic independence is the key component driving the observed negative correlation between legal central bank independence and inflation
Beschreibung:	1 Online-Ressource (41 p)
ISBN:	1451874898 9781451874891

Internformat

MARC


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spelling	Jácome, Luis Ignacio Verfasser aut Legal Central Bank Independence and Inflation in Latin America During the 1990's Jácome, Luis Ignacio Washington, D.C International Monetary Fund 2001 1 Online-Ressource (41 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 01/212 This paper reviews central banks' legal reform in Latin America during the 1990s and discusses the status of central bank independence in the region. Based on this information, it builds a simplified index of central bank independence which, in addition to the commonly used criteria of political and economic independence, incorporates provisions of central banks' financial autonomy, accountability, and lender-of-last-resort. The paper finds a moderate negative correlation between increased central bank independence and inflation during 1999-2001 in 14 Latin American countries. Dissagregating the index, the same analysis suggests that economic independence is the key component driving the observed negative correlation between legal central bank independence and inflation Online-Ausg http://elibrary.imf.org/view/IMF001/04247-9781451874891/04247-9781451874891/04247-9781451874891.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Jácome, Luis Ignacio Legal Central Bank Independence and Inflation in Latin America During the 1990's
title	Legal Central Bank Independence and Inflation in Latin America During the 1990's
title_auth	Legal Central Bank Independence and Inflation in Latin America During the 1990's
title_exact_search	Legal Central Bank Independence and Inflation in Latin America During the 1990's
title_exact_search_txtP	Legal Central Bank Independence and Inflation in Latin America During the 1990's
title_full	Legal Central Bank Independence and Inflation in Latin America During the 1990's Jácome, Luis Ignacio
title_fullStr	Legal Central Bank Independence and Inflation in Latin America During the 1990's Jácome, Luis Ignacio
title_full_unstemmed	Legal Central Bank Independence and Inflation in Latin America During the 1990's Jácome, Luis Ignacio
title_short	Legal Central Bank Independence and Inflation in Latin America During the 1990's
title_sort	legal central bank independence and inflation in latin america during the 1990 s
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