Orphanides, Athanasios - In: Journal of Economic Dynamics and Control 49 (2014) C, pp. 121-125
needs rules and boundaries. This paper reviews the broader institutional design problem regarding the effectiveness of the … central bank in practice and confirms the need for rules and boundaries. The framework proposed for improving the Fed … Central Bank of Cyprus to Marfin-Laiki Bank during the crisis, however, suggests that the existence of rules and boundaries …