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This study aims to examine the effects of monetary policies implemented by developed countries and central bank independence of developing countries on the financial fragility of developing countries. According to the findings, it was seen that the contractionary monetary policies implemented by...
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In the academic literature there are different indices to quantify the independence of Central Banks. The main indices to measure Central Bank Independence (CBI) were published between 1970 and 1990. This paper applies CBI indices to a sample of 15 industrial countries and the European Central...
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