CENTRAL BANK AUTONOMY, LEGAL INSTITUTIONS AND BANKING CRISIS INCIDENCE

2011 ◽  
Vol 18 (1) ◽  
pp. 51-73 ◽  
Author(s):  
Anichul H. Khan ◽  
Haider A. Khan ◽  
Hasnat Dewan
Keyword(s):  
Central Bank ◽  
Banking Crisis ◽  
Legal Institutions ◽  
Central Bank Autonomy ◽  
Bank Autonomy

The rule of law, central bank independence and price stability

2017 ◽  
Vol 14 (4) ◽  
pp. 659-687 ◽  
Author(s):  
DANIYAR NURBAYEV
Keyword(s):  
Developing Countries ◽  
Central Bank ◽  
Rule Of Law ◽  
Central Bank Independence ◽  
Price Stability ◽  
The Rule Of Law ◽  
Inflation Volatility ◽  
Central Bank Autonomy ◽  
Bank Autonomy

AbstractThis work empirically investigates the effect of the interaction between the rule of law and legal central bank independence (CBI) on price stability (the level of inflation and inflation volatility), employing a panel dataset that covers up to 124 countries over the period from 1970 to 2013. A new, largely complete legal CBI dataset, covering 182 countries was used for the work. The results indicate that the effect of legal CBI on price stability depends on the strength of the rule of law. Moreover, the results reveal that legal CBI has no significant effect on price stability when the rule of law is weak. The findings also show that 67% of advanced countries possess a rule of law that is strong enough to maintain price stability by increasing central bank autonomy, while only 4.5% of developing countries possess it.

Central Bank Autonomy: Lessons from Global Trends

2008 ◽  
Vol 56 (2) ◽  
pp. 263-296 ◽  
Author(s):  
Marco Arnone ◽  
Bernard J Laurens ◽  
Jean-François Segalotto ◽  
Martin Sommer
Keyword(s):  
Central Bank ◽  
Global Trends ◽  
Central Bank Autonomy ◽  
Bank Autonomy

Central Bank Autonomy: Lessons From Global Trends

2007 ◽  
Vol 07 (88) ◽  
pp. 1 ◽  
Author(s):  
Bernard Laurens ◽  
Martin Sommer ◽  
Marco Arnone ◽  
Jean-François Segalotto ◽  
◽  
...  
Keyword(s):  
Central Bank ◽  
Global Trends ◽  
Central Bank Autonomy ◽  
Bank Autonomy
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