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After almost four decades of price stability, inflation has recently approached historical highs. Initially driven by global energy and food price increases, the magnitude of the surge in inflation caught central banks and markets by surprise. Price pressures are now increasingly broadening to...
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This paper discusses how financial stability governance has evolved and how central banks and financial regulators are coping with the threats posed by climate uncertainty, providing an overview of G20 countries' green central banking experiences in the past 20 years. The analysis shows that...
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supervisory independence and accountability in 55 countries. The econometric analysis of the determinants indicates that the … quality of public sector governance plays a decisive role in establishing accountability arrangements, more than independence … arrangements. It also shows that decisions regarding levels of independence and accountability are not well-connected. The results …
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