the preservation of the central bank’s legitimacy requires that a clear line be drawn between the central bank’s provision …

leader accountability, taking into account that there is an autocratic upper government. We exploit variation in the timing … accountability. …

Recent research on central bank governance has focused mainly on their monetary policy task. As the sub-prime loan … also in ensuring their soundness and stability. In this paper we study the specific corporate governance structures of a … public governance literatures, where present. Our analysis highlights a striking variety in central bank governance …

Motivated by a novel stylized fact -- countries with isolated capital cities display worse quality of governance -- we … ways: broader power sharing (associated with better governance) means that any rents have to be shared more broadly, hence … capital city allows the elite to appropriate a larger share of output, so the costs of better governance for the elite, in …

wasteful projects are often attributed to weak mechanisms of accountability, such as inadequate opportunities for voters to … exercise oversight, or capture of the political governance mechanism by special interests. This paper argues instead that … wasteful spending may be a by-product of the accountability of politicians to their voters, not a symptom of its weakness or …

they perceive public scrutiny (accountability) as intrusive. Combining these findings implies that both goal …-transparency and accountability will be negatively related to goal-independence for which we present empirical support using …