Esen, Ömer; Çınar, Uğur - In: Journal of central banking theory and practice 13 (2024) 3, pp. 219-244
This paper empirically examines the effect of the central banks independence on exchange rate volatility by using a large data-set for the E7 (7 emerging countries) covering the period 1998-2017. This paper applies the time-varying panel causality analysis to obtain country-based results. The...