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supervision architectures and central bank independence / Andreas Freytag and Donato Masciandaro -- Architectures of supervisory …
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contrary a high involvement of the central bank in supervision seems to be correlated with a multi-authorities regime (central … bank fragmentation effect). This paper sheds light on which conditions the politicians prefer to implement a unified sector … supervision outside the central bank. From a theoretical point of view the quality of public sector governance plays a crucial …
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The paper analyses the monetary policy operations of central banks in the Middle East and North Africa (MENA). We distinguish the pattern of monetary policy operations of the liquidity providing central banks of the large industrialized countries (creditor central banks) and the liquidity...
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-Gordon-type central bank loss function that in both cases surplus liquidity limits monetary policy autonomy. In case of fixed exchange …
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