Central Bank Financial Strength and Policy Performance: An Econometric Evaluation
The financial health of central banks and its relation to policy outcomes has recently been recognized as an important policy issue. While case study evidence clearly indicates that weak central bank finances can hamper effective policy implementation, the question of whether central bank financial...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2008
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| Schriftenreihe: | IMF Working Papers
Working Paper No. 08/176 |
| Schlagworte: | |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Zusammenfassung: | The financial health of central banks and its relation to policy outcomes has recently been recognized as an important policy issue. While case study evidence clearly indicates that weak central bank finances can hamper effective policy implementation, the question of whether central bank financial strength influences policy performance remains controversial. This is due, in part, to a lack of econometric evidence. The paper presents a first step toward filling this gap, by providing a quantitative evaluation of the relationship between measures of central bank financial strength and policy performance, in particular inflation. The paper''s major finding is that there indeed is a negative relationship between central bank financial strength and inflation outcomes. This relationship appears to be robust to the choice of alternative country samples, control variables, estimation strategies, and conceptualizations of central bank financial strength |
| Beschreibung: | Includes bibliographical references |
| Beschreibung: | 1 Online-Ressource (45 p) |
| ISBN: | 1451870345 9781451870343 |
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| 245 | 1 | 0 | |a Central Bank Financial Strength and Policy Performance |b An Econometric Evaluation |c Stella, Peter |
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| illustrated | Not Illustrated |
| index_date | 2024-07-03T20:13:25Z |
| indexdate | 2024-07-10T09:35:34Z |
| institution | BVB |
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| record_format | marc |
| series2 | IMF Working Papers |
| spelling | Stella, Peter Verfasser aut Central Bank Financial Strength and Policy Performance An Econometric Evaluation Stella, Peter Washington, D.C International Monetary Fund 2008 1 Online-Ressource (45 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 08/176 Includes bibliographical references The financial health of central banks and its relation to policy outcomes has recently been recognized as an important policy issue. While case study evidence clearly indicates that weak central bank finances can hamper effective policy implementation, the question of whether central bank financial strength influences policy performance remains controversial. This is due, in part, to a lack of econometric evidence. The paper presents a first step toward filling this gap, by providing a quantitative evaluation of the relationship between measures of central bank financial strength and policy performance, in particular inflation. The paper''s major finding is that there indeed is a negative relationship between central bank financial strength and inflation outcomes. This relationship appears to be robust to the choice of alternative country samples, control variables, estimation strategies, and conceptualizations of central bank financial strength Online-Ausg Banks and banking, Central Econometric models Monetary policy Econometric models Electronic books Klueh, Ulrich H. Sonstige oth http://elibrary.imf.org/view/IMF001/09438-9781451870343/09438-9781451870343/09438-9781451870343.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Stella, Peter Central Bank Financial Strength and Policy Performance An Econometric Evaluation Banks and banking, Central Econometric models Monetary policy Econometric models |
| title | Central Bank Financial Strength and Policy Performance An Econometric Evaluation |
| title_auth | Central Bank Financial Strength and Policy Performance An Econometric Evaluation |
| title_exact_search | Central Bank Financial Strength and Policy Performance An Econometric Evaluation |
| title_exact_search_txtP | Central Bank Financial Strength and Policy Performance An Econometric Evaluation |
| title_full | Central Bank Financial Strength and Policy Performance An Econometric Evaluation Stella, Peter |
| title_fullStr | Central Bank Financial Strength and Policy Performance An Econometric Evaluation Stella, Peter |
| title_full_unstemmed | Central Bank Financial Strength and Policy Performance An Econometric Evaluation Stella, Peter |
| title_short | Central Bank Financial Strength and Policy Performance |
| title_sort | central bank financial strength and policy performance an econometric evaluation |
| title_sub | An Econometric Evaluation |
| topic | Banks and banking, Central Econometric models Monetary policy Econometric models |
| topic_facet | Banks and banking, Central Econometric models Monetary policy Econometric models |
| url | http://elibrary.imf.org/view/IMF001/09438-9781451870343/09438-9781451870343/09438-9781451870343.xml |
| work_keys_str_mv | AT stellapeter centralbankfinancialstrengthandpolicyperformanceaneconometricevaluation AT kluehulrichh centralbankfinancialstrengthandpolicyperformanceaneconometricevaluation |