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public institu-tions, are significantly vulnerable to such reputation risk due to theirmandate for policy decisions and … implementation. Thus, this studyaims to formulate a barometer that quantifies the reputation score ofcentral banks. The Central Bank … Reputation (CBR) score is derivedbased on the respondents’ responses to a questionnaire that includestwelve attributes and twenty …
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This paper discusses reputational risk in the context of central banking and explains why it matters to central banks …. It begins with a general discussion of reputational risk within the broader framework of risk management. It then … outlines how central banks define, measure, monitor and manage reputational risk, citing examples from central banks around the …
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We examine public trust in the European Central Bank (ECB) and its determinants using data from the Bundesbank … psychology, we offer a fresh perspective on the factors influencing central bank trust that is more holistic than the … their trust in the ECB, tend to express higher trust in the ECB. Conversely, those who place greater importance on values …
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Trust in policy makers fluctuates significantly over the cycle and a¤ects the transmission mechanism. Despite this it … is absent from the literature. We build a monetary model embedding trust cycles; the latter emerge as an equilibrium … phenomenon of a game-theoretic interaction between atomistic agents and the monetary authority. Trust affects agents …
Persistent link: https://www.econbiz.de/10012061032
Transparency has become an almost universal virtue among central banks. The paper tests empirically, for the case of the Federal Reserve, two hypotheses about central bank transparency derived from the debate of Morris and Shin (2002) and Svensson (2006). First, the paper finds that the...
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