Showing 1 - 10 of 5,596
) governance arrangements for financial stability; (iii) changes in monetary policy transmission mechanisms; and (iv) capital flows … background papers. A special feature of the volume are the opening remarks on financial inclusion and the regulation of micro …
Persistent link: https://www.econbiz.de/10013092071
The paper examines the exercise, the efficiency, and the legitimacy of the monetary policy-making process. The goal of central bank autonomy in recent times is the outcome of a demand for price stability. The realisation of autonomy is also a consequence of the fragmentation of national decision...
Persistent link: https://www.econbiz.de/10013094092
There was a systemic failure of financial regulation: senior policymakers repeatedly enacted and implemented policies …
Persistent link: https://www.econbiz.de/10013094089
This paper analyzes empirically differences in the size of central bank boards (or monetary policy committees) across countries. We discuss the possible determinants of a board's size. The empirical relevance of these factors is examined using a new dataset that covers the de jure membership...
Persistent link: https://www.econbiz.de/10010299135
regimes, and independent central banks with more staff tend to have larger boards. -- Committee ; council ; governance …
Persistent link: https://www.econbiz.de/10003726092
This paper analyzes empirically differences in the size of central bank boards across countries. Defining a board as the body that changes monetary instruments to achieve a specified target, we discuss the possible determinants of a board's size. The empirical relevance of these factors is...
Persistent link: https://www.econbiz.de/10012777953
We develop and test the effectiveness of a theoretical governance model for general purpose payment systems (GPPS … receive payments. We test for effective governance across six reference countries using measures that are based on evolving … regulatory norms, finding that governance in Australia, the European Union, and the United Kingdom aligns with the theoretical …
Persistent link: https://www.econbiz.de/10013049564
This paper analyzes empirically differences in the size of central bank boards across countries. Defining a board as the body that changes monetary instruments to achieve a specified target, we discuss the possible determinants of a board's size. The empirical relevance of these factors is...
Persistent link: https://www.econbiz.de/10012754018
instrument for joint refinancing. -- Euro crisis ; governance of the euro area ; debt sustainability ; financial market … regulation ; European redemption pact …
Persistent link: https://www.econbiz.de/10009722409
Over the past three years, as the euro area has struggled with high levels of sovereign debt, it has been gradually developing into a debt union. However, this is not a sustainable arrangement. This article proposes two alternatives to a debt union: a fiscal union and a monetary union with...
Persistent link: https://www.econbiz.de/10010241347