Central banks worldwide have become more transparent. An important reason is that democratic societies expect more …

Locating the function of bank supervision in the central bank has been a contentious issue, both domestically and … internationally. Most discussions of the role of bank supervision in central banking have focused on crisis management and the … responsibilities of the central bank as a lender of last resort. However, recent research by the authors has shown that confidential …

Forecasts of future economic developments play an important role for the monetary policy decisions of central banks …. For example, forecasts of goal variables can help central banks achieve their goals and make them more accountable to the …. Under such an approach, the quality of a central bank's forecasts and the effectiveness of its actions to bring forecasts …