Cukierman, Alex; Miller, Geoffrey; Neyapti, Bilin - C.E.P.R. Discussion Papers - 2001
This Paper develops extensive new indices of legal independence (Central Bank Independence, or CBI) for new central banks in 26 former socialist economies (FSEs). The indices reveal that central bank reform in the FSE during the 1990s has been quite ambitious. In spite of large price shocks,...
