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Peer effects in central banking
Horváth, Roman - 2020
respect to transparency. Previous literature has argued that domestic factors such as macroeconomic stability were behind the … trend toward greater transparency. In contrast, our results indicate that transparency primarily increased because of a … from each other's experiences regarding transparency. To our knowledge, our paper is the first econometric analysis of peer …
Persistent link: https://www.econbiz.de/10012256102
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Central Bank Transparency and Financial Stability: Measurement, Determinants and Effects
Horváth, Roman; Vaško, Dan - FIW - 2013
We develop a comprehensive index of the transparency of central banks regarding their policy framework to promote … financial stability for 110 countries from 2000 to 2011 and examine the determinants and effects of this transparency. We find … that the degree of transparency increased in the 2000s, though it still varied greatly across the countries in our study …
Persistent link: https://www.econbiz.de/10010856778
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Central Banks’ Voting Records and Future Policy
Horváth, Roman; Šmídková, Kateøina; Zápal, Jan - Institut ekonomických studií, Univerzita Karlova v Praze - 2011
We assess whether the voting records of central bank boards are informative about future monetary policy. First, we specify a theoretical model of central bank board decision-making and simulate the voting outcomes. Three different versions of model are estimated with simulated data: 1)...
Persistent link: https://www.econbiz.de/10009645289
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Central Banks' Voting Records and Future Policy
Horváth, Roman; Šmídková, Kateřina; Zápal, Jan - Institut für Ost- und Südosteuropaforschung (IOS) - 2012
We assess whether the voting records of central bank boards are informative about future monetary policy using data on five inflation targeting countries (the Czech Republic, Hungary, Poland, Sweden and the United Kingdom). We find that in all countries the voting records, namely the difference...
Persistent link: https://www.econbiz.de/10010561158
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Central Bank Transparency and Financial Stability: Measurement, Determinants and Effects
Horváth, Roman; Vaško, Dan - 2013
We develop a comprehensive index of the transparency of central banks regarding their policy framework to promote … financial stability for 110 countries from 2000 to 2011 and examine the determinants and effects of this transparency. We find … that the degree of transparency increased in the 2000s, though it still varied greatly across the countries in our study …
Persistent link: https://www.econbiz.de/10011345516
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Transparency and trust: The case of the European Central Bank
Horváth, Roman; Katuscakova, Dominika - 2015
We examine how the transparency of the European Central Bank´s monetary policy affects the amount of trust that the … Commission´s Eurobarometer survey from 2000-2011 and estimate probit regressions with sample selection. We find that transparency … exerts a non-linear effect on trust. Transparency increases trust, but only up to a certain point; too much transparency …
Persistent link: https://www.econbiz.de/10011406142
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Central banks' voting records and future policy
Horváth, Roman; Šmídková, Kateřina; Zápal, Jan - 2011
We assess whether the voting records of central bank boards are informative about future monetary policy. First, we specify a theoretical model of central bank board decision-making and simulate the voting outcomes. Three different versions of model are estimated with simulated data: 1)...
Persistent link: https://www.econbiz.de/10010322275
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Central bank transparency and financial stability: Measurement, determinants and effects
Horváth, Roman; Vaško, Dan - 2012
We develop a comprehensive index of the transparency of central banks regarding their policy framework to promote … financial stability for 110 countries from 2000 to 2011 and examine the determinants and effects of this transparency. We find … that the degree of transparency increased in the 2000s, though it still varied greatly across the countries in our study …
Persistent link: https://www.econbiz.de/10010322299
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Peer effects in central banking
Horváth, Roman - 2020
respect to transparency. Previous literature has argued that domestic factors such as macroeconomic stability were behind the … trend toward greater transparency. In contrast, our results indicate that transparency primarily increased because of a … from each other's experiences regarding transparency. To our knowledge, our paper is the first econometric analysis of peer …
Persistent link: https://www.econbiz.de/10012389283
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Central Bank transparency and financial stability : measurement, determinants and effects
Horváth, Roman; Vasko, Dan - 2013
We develop a comprehensive index of the transparency of central banks regarding their policy framework to promote … financial stability for 110 countries from 2000 to 2011 and examine the determinants and effects of this transparency. We find … that the degree of transparency increased in the 2000s, though it still varied greatly across the countries in our study …
Persistent link: https://www.econbiz.de/10011374311