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In October 2008, Iceland's banking system collapsed. Within a week, the three major banks comprising ninety percent of the Icelandic banking system had failed. A long-running dispute on who ought to pay for the deposits in failed Icelandic banks has poisoned relations between Iceland, the United...
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those around the world affected by its decisions. This Essay explores three conceptual approaches that could be used to …
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central banks. Overall, our results suggest that central bank communication contains systematic biases that could lead to …
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establishes stylized facts and provides a systematic overview of the practice of monetary policy transparency around the world. It …
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In recent years central bankers have placed new emphasis on communication with financial markets and the general public … increased central bank communication. - Contributors offer theoretical analyses of the effect of central bank communication on … communication, decision making, and governance practices of the Greenspan-era U.S. Federal Reserve, the fledgling European Central …
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