bank independence. In brief, the regime change increased the appointment power of the President and improved the bargaining … relevant literature and describe the Fed's new operating regime. Then we explain how the regime change reduced de facto central …

Central bank independence (CBI) solves the time inconsistency problem faced by policymakers with respect to monetary … decades is partly a by-product of central bank independence …

We investigate the relationship of central bank independence and banks' systemic risk measures. Our results support the … case for central bank independence, revealing that central bank independence has a robust, negative, and significant impact … on the contribution and exposure of a bank to systemic risk. Moreover, the impact of central bank independence is similar …