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are notable in Central and Eastern Europe, while the index has shown much smaller rises in most other parts of the world …
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safeguarding financial stability, with the world economy still in the process of digesting the legacy of the crisis. The crisis has …
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The crisis of the advanced economies in 2008-09 has focused new attention on money and credit fluctuations, financial crises, and policy responses. We study the behavior of money, credit, and macroeconomic indicators over the long run based on a new historical dataset for 14 countries over the...
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The process of central bank (CB) evolution by emerging market economies (EMEs), including central bank independence (CBI) and transparency (CBT), converged towards that of the advanced economies (AEs) before the Global Financial Crisis (GFC) of 2007-2008. It was greatly aided by the adoption of...
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