monetary policy. Credibility of the central bank, a wellfunctioning and flexible operational framework, as well as appropriate … area, possibly easing potential technical restrictions in crisis times and in an environment of very low interest rates …

a country's vulnerability to contagion depends on "fundamentals" as opposed the government's "credibility"? We look at … follows. First, Unlike the US subprime crisis which affected all European sovereign risks, the Greek crisis is largely a …

different methods to study the credibility of the detected fluctuation bands. The detected lack of credibility in a high … percentage of the sample is robust to the use of several credibility tests, suggesting that economic agents do not behave as if …

This paper reports the results of a survey among private sector economists about credibility and transparency of … Survey to answer questions on the importance and determinants of credibility. The results of both surveys are very comparable …. Credibility is considered to be important to attain price stability at low cost, while the best ways to earn credibility are a …

, such as the ERM, this policy was not undermined by credibility problems. The episode provides an ideal testing ground for …