argument for an international central bank over national central bank. I also discussed Hayek’s view on free banking (i.e. for … the free issue of bank notes) that would enable the banks to provide more and cheaper credit. Furthermore, Hayek comes up … right to issue bank notes (demand for free banking) which can be redeemable in the established national gold or silver …

from Central Bank intervention to the target interbank rate, but no correlation between the two. Furthermore, there is no …

order to increase the flexibility of the Central Bank. …

identify the nominal monetary anchor in India. Is central bank policy in India following a predictable rule that is heavily … Markov switching model to estimate a time-varying Taylor-type rule for the Reserve Bank of India. We find that the conduct of … these regimes, the central bank reveals a greater relative (though not absolute) weight on controlling inflation vis …

surprise would have been if it had not happened. The reason for this assessment is that such central bank notions as …

Central Bank of the Republic of Kosova (CBK), was established in June 2008, and is the successor of the Authority of … Banking and Payments of Kosovo and the Central Banking Authority of Kosovo. Main Functions of the Central Bank of Kosovo are …: • Drafting and implementation of monetary policy, • Regulation and supervision of the banking system, • Bank of the Government …

. In this lecture I argue that the preservation of the central bank’s legitimacy requires that a clear line be drawn … between the central bank’s provision of liquidity and the Treasury’s solvency support for systemically important financial … institutions. All activities of the central bank that expose it to material credit risk should be guaranteed by the Treasury. In …

Can the South African Reserve Bank’s (SARB) substantially control inflation within their set target of 3-6 percent? We … redefining the inflation target range to accommodate higher inflation rates or the Reserve Bank should consider abandoning the …