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Governing the governors: A clinical study of central banks
Frisell, Lars; Roszbach, Kasper; Spagnolo, Giancarlo - 2008
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 …
Persistent link: https://www.econbiz.de/10010320771
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Does trading anonymously enhance liquidity?
Dennis, Patrick J.; Sandås, Patrik - 2014
Anonymous trading is the norm in today's financial markets but there are a few exceptions. We study one such case, the OMX Nordic Exchanges (Stockholm, Helsinki, Copenhagen, and Reykjavik) that have traditionally been more transparent than most other markets. On June 2, 2008 OMX Nordic switched...
Persistent link: https://www.econbiz.de/10011442875
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How Useful are Simple Rules for Monetary Policy? The Swedish Experience
Berg, Claes; Jansson, Per; Vredin, Anders - 2004
Monetary policy is often analysed in terms of simple rules. Such rules may be useful for many purposes, even when they do not describe the actual monetary policy strategy exactly. This paper compares monetary policy in Sweden during the inflation-targeting regime 19932002 with the policies...
Persistent link: https://www.econbiz.de/10010321269