Showing 1 - 10 of 11
. In the real world it is not always clear to what extent market features are taken into account. We present two …
Persistent link: https://www.econbiz.de/10014401754
banks and of budgetary institutions. It draws on the recent theory developed by North, Wallis and Weingast on the transition … budgetary institutions tend to be established in countries with higher levels of rule of law for the elites, and (ii) while …, budget institutions seem to be most effective as a disciplining device in weak institutional environments …
Persistent link: https://www.econbiz.de/10014398412
In an indirect monetary policy framework, open market operations become the central bank’s main instrument. In the initial stages, when financial markets are still undeveloped, selection of a financial instrument for those operations and the design of supporting arrangements to ensure the...
Persistent link: https://www.econbiz.de/10014398182
This paper investigates the role that International Monetary Fund (IMF) programs and capacity building play in fostering structural reforms. To do so, we exploit two novel datasets on IMF capacity building and structural reforms available for over one hundred IMF member countries over the period...
Persistent link: https://www.econbiz.de/10009622439
The paper provides a detailed description of a novel dataset on education attainment in public administrations covering the period 1981-2011 for 178 countries. The dataset uses information extracted from CVs for over 130,000 mid to senior level officials from mainly central banks and ministries...
Persistent link: https://www.econbiz.de/10009622440
institutions and public sector governance. The results also indicate that good public sector governance amplifies the impact of …
Persistent link: https://www.econbiz.de/10014401039
Compared with the case of central bank independence, independence for financial sector supervisors remains more controversial. This paper analyzes changes in independence and accountability arrangements in a set of 32 countries that overhauled their legal and/or institutional frameworks for...
Persistent link: https://www.econbiz.de/10014403026
We analyze recent trends in, and determinants of, financial supervisory governance. We first calculate levels of 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...
Persistent link: https://www.econbiz.de/10014401390
Despite its importance, the issue of financial sector regulatory and supervisory independence (RSI) has received only marginal attention in literature and practice. However, experience has demonstrated that improper supervisory arrangements have contributed significantly to the deepening of...
Persistent link: https://www.econbiz.de/10014399695
The paper provides a detailed description of a novel dataset on education attainment in public administrations covering the period 1981-2011 for 178 countries. The dataset uses information extracted from CVs for over 130,000 mid to senior level officials from mainly central banks and ministries...
Persistent link: https://www.econbiz.de/10014395621