independent central bank
Political stabilization by an independent Central Bank
... the Central Banker is subject to both explicit influence by the elected political principal through a contract and implicit influence by anti‐inflation interest groups seeking to ‘capture’ monetary ...
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A Microfounded Mechanism of Observed Substantial Inflation Persistence
... a central bank exerts itself to hold θ G = θ P for a positive target rate of inflation? A huge negative exogenous shock that greatly widens the output gap may temporarily make the price level decline, but ...
50
A non normative theory of inflation and central bank independence
... an independent central bank is guided by an objective function of the form ...dent central bank ...the central bank law, even for the relatively independent ...
21
Interim report By Ad Hoc Committee on Institutional Affairs to the European Council (Dublin, 3-4 December 1984). (Interim Dooge Report)
... 1 Reservation of Mr Papantoniou on the inclusion of references to ' effective powers , common independent central bank system , European Monetary Fund and common currency.. 2 Mr Rifkind [r] ...
23
The reputational constraint on monetary policy
... The idea is that an independent central bank has a longer time horizon higher discount factor, or lower discount rate than the government, and its commitment to low in ation is therefore[r] ...
21
A Study on Negative Interest Rate in Monetary Policy: History and Contemporary Scenario
... One key question is how deep negative rates must be for these kinds of distortions to become quantitatively important. According to some observers, in an economy like the United States, market rates (not to be confused ...
20
Central bank independence and ageing
... defined as the ratio of the sum of exports and imports to GDP. The use of country-fixed effects is de facto impossible, since we use Cukierman's (1992) time invariant CBI index. He computed this index from the ...
8
A Study On Measuring The Credit Risk Of Select Indian Public And Private Sector Banks In The Current Scenario
... The bank‟s health is incredibly determined by the non-performing assets, thus the banks should have proper NPAs management and it is fundamental part for it loans process and reduces the credit risk and retaining ...
17
Trends in Central Bank Transparency
... by Central Banks, in their effort to anchor the private sector’s inflation ...more Central Banks decide to pursue an explicit price-stability objective and recognize the importance of information disclosure ...
15
AN EMPIRICAL ANALYSIS OF THE IMPACT OF OIL – BENCH MARKING ON FEDERAL GOVERNMENT REVENUE IN NIGERIA
... as central banks are moving into new asset classes with higher risk/return profile in search of higher risk adjusted ...the Bank is making efforts to develop capacity in reserves management, the challenge ...
17
Albanian Economic Model Facing the Global Recession
... Changing the structure of domestic production has its own implications on economic growth. This is because it does not rely on centralized management but on the request, on the market. There has been a market that has ...
14
Implementing repurchase agreements in emerging markets
... the central bank. However, like the dealers, the central bank might not want to hold a significant inventory of treasuries given market thinness and high interest rate ...the central ...
13
European Economy Convergence Report 2008 3/2008
... Progressive disinflation, coupled with the strengthening of the leu, allowed the National Bank of Romania (NBR) to cut official interest rates by from 21.25% at the beginning of 2004 to 7% by end-June 2007. The ...
224
Monitoring, Liquidity and Financial Crises
... of bank failure, the optimal policy may be either a systematic bailout using discretion or a mixed strategy; the latter provides a theoretical foundation for the “constructive ambiguity” doctrine ...on bank ...
33
Creating an effective transparent banking and financial system in Ghana to promote foreign direct investment for the private sector
... the Central Bank by the council of State for the electoral college election for the 6yrs of office as a term subjected to renewal on ...and central banking management ...
14
NON-PERFORMING ASSETS MANAGEMENT IN INDIAN BANKING SECTOR - A CASE STUDY OF PUBLIC SECTOR BANKS
... placed Central bank of India in first position in unconscious assets ...State Bank of Bikaner and Jaipur, Dena Bank, Union Bank of India, State Bank of Travancore, Punjab and ...
15
The Relationship between R&D Investment and Dividend Payment Tax Incentives and Their Role in the Dividend Tax Puzzle
... a bank was not already engaged in ...Columbus Bank and Trust Company and its parent, Synovus Financial, commented: “Our laws kept our largest banks out of some of the growing markets throughout the state, ...
167
Forecasting with a Bayesian DSGE Model: An Application to the Euro Area. NBB Working Paper Nr. 60, September 2004
... The model contains ten identified exogenous driving forces, which are assumed to be orthogonal to each other. Six of these processes are modelled as autoregressive processes of order one: total factor productivity, the ...
36
Analysis of performance efficiency of selected public sector banks in india through intermediation approach
... efficiency bank created a ...oriental bank of commerce, Indian bank and Indian overseas bank outperformed compare to other banks during 2001-2002 to ...Oriental Bank of Commerce is ...
5
Monetary policy and financial stability in the long run : a simple game theoretic approach
... individual bank does not internalize the impact of its failure on social fire sale ...the central bank’s decision problem through the classic Barro and Gordon (1983) model, while the dynamic game theoretic ...
32