safeguarding financial stability, with the world economy still in the process of digesting the legacy of the crisis. The crisis has …

This paper uses a new data set on the term in office of central bank governors in 137 countries covering the period … 1970-2004 to estimate a model for the chance that a central bank governor is replaced. We formulate a number of hypotheses … based on the literature on the determinants of central bank independence that are tested using conditional logit models and …

This paper introduces new data on the term in office of central bank governors in 137 countries for 1970-2004. Our … panel models show that the probability that a central bank governor is replaced in a particular year is positively related …. The latter result suggests that the turnover rate of central bank governors (TOR) is a poor indicator of central bank …