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until the 1980s. This characterization does not, however, seem to apply to the monetary history in the emerging markets …
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countries considered are Canada, the U.S., the U.K.. Norway. and Sweden. We are relying on a sample of annual observations from … Canada. and separately, for Norway and Sweden. Finally. we find that only a model which includes institutional change proxies …
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Central banks have evolved for close to four centuries. This paper argues that for two centuries central banks caught up to the strategies followed by the leading central banks of the era; the Bank of England in the eighteenth and nineteenth centuries and the Federal Reserve in the twentieth...
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kind (i.e., currency, banking, sovereign debt crises). We find credibility changes over time are frequent and can be …
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Central banks have evolved for close to four centuries. This paper argues that for two centuries central banks caught up to the strategies followed by the leading central banks of the era; the Bank of England in the eighteenth and nineteenth centuries and the Federal Reserve in the twentieth...
Persistent link: https://www.econbiz.de/10012947026