Dreher, Axel; Sturm, Jan-Egbert; Haan, Jakob de - KOF Swiss Economic Institute, Department of Management, … - 2007
This paper introduces new data on the term in office of central bank governors in 137 countries for 1970-2004. Our panel models show that the probability that a central bank governor is replaced in a particular year is positively related to the share of the term in office elapsed, political and...