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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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about the past and present behavior and performance of central banks around the world, with the aim of providing a state …
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This paper examines the inflation record of 29 inflation and non inflation targeting economies. Both industrial and emerging market economies are considered. Empirical evidence is based on a comparison of actual and forecasted inflation, an econometric analysis that estimates changes in...
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financial crisis that has afflicted most economies around the world since at least 2008, it is worth reconsidering the question …
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