, global financialcrisis, banking crisis, and taper tantrum episodes. Results show thatan increase in central bank transparency … uncertainty contributes only during the global finan-cial crisis. Interestingly, central bank transparency buffers the effectsof … examine the role ofcentral bank transparency in curbing exchange rate volatility, whichis a crucial issue in these markets …

We analyze the effect of central bank transparency on cross-border bank activities. Based on a panel gravity model for … a rise in central bank transparency in the destination country, on average, increases cross-border claims. Using … interaction models, we find that the positive effect of central bank transparency on cross-border claims is only significant if …

In this paper, we study how central bank transparency influences the formation of money market expectations in emerging … markets. The sample covers 25 countries for the period from January 1998 to December 2009. We find, first, that transparency …. Second, an intermediate level of transparency is found to have the most favorable influence on money market expectations …

Do the benefits of central bank transparency depend on the structure of financial markets? We address this question in … provision of public information always improves welfare and full transparency is optimal. By contrast, under incomplete markets …

recent years there has been a shift towards greater transparency around the globe, the degree of transparency continues to … vary across countries. This is surprising because the transparency of central banks has been associated with positive … examines whether and how the differences in central bank transparency can be explained by a national culture of secretiveness …