Central Bank Autonomy, and Inflation and Output Performance in the Baltic States, Russia, and Other Countries of the Former Soviet Union, 1995-1997

Central Bank Autonomy, and Inflation and Output Performance in the Baltic States, Russia, and Other Countries of the Former Soviet Union, 1995-1997 PDF Author: Mr.Tonny Lybek
Publisher: International Monetary Fund
ISBN: 1451842023
Category : Business & Economics
Languages : en
Pages : 39

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Book Description
A higher degree of de jure autonomy and accountability of the central banks of the Baltic states, Russia, and other countries of the former Soviet Union appears to be positively correlated with lower average inflation. There also seems to be some positive correlation between greater central bank autonomy and higher average real growth, after the initial period of reforms. Central banks with a higher degree of autonomy and accountability have apparently also reformed their operations more aggressively.

Central Bank Autonomy, and Inflation and Output Performance in the Baltic States, Russia, and Other Countries of the Former Soviet Union, 1995-1997

Central Bank Autonomy, and Inflation and Output Performance in the Baltic States, Russia, and Other Countries of the Former Soviet Union, 1995-1997 PDF Author: Mr.Tonny Lybek
Publisher: International Monetary Fund
ISBN: 1451842023
Category : Business & Economics
Languages : en
Pages : 39

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Book Description
A higher degree of de jure autonomy and accountability of the central banks of the Baltic states, Russia, and other countries of the former Soviet Union appears to be positively correlated with lower average inflation. There also seems to be some positive correlation between greater central bank autonomy and higher average real growth, after the initial period of reforms. Central banks with a higher degree of autonomy and accountability have apparently also reformed their operations more aggressively.

Central Bank Autonomy, and Inflation and Output Performance in the Baltic States, Russia, and Other Countries of the Former Soviet Union, 1995-97

Central Bank Autonomy, and Inflation and Output Performance in the Baltic States, Russia, and Other Countries of the Former Soviet Union, 1995-97 PDF Author: Tonny Lybek
Publisher:
ISBN:
Category : Banks and banking, Central
Languages : en
Pages : 44

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Book Description


Atti della prima "Lezione Mario Arcelli"

Atti della prima Author: Marco Mazzoli
Publisher: Rubbettino Editore
ISBN: 9788849812879
Category : Business & Economics
Languages : en
Pages : 126

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Book Description


IMF Staff Papers, Volume 56, No. 2

IMF Staff Papers, Volume 56, No. 2 PDF Author: International Monetary Fund. Research Dept.
Publisher: International Monetary Fund
ISBN: 1589067959
Category : Business & Economics
Languages : en
Pages : 216

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Book Description
China’s growth performance since the start of economic reforms in 1978 has been impressive, but the gains have not been distributed equally across provinces. We use a nonparametric approach to analyze the variation in labor productivity growth across China’s provinces. This approach imposes less structure on the data than the standard growth accounting framework and allows for a breakdown of labor productivity into efficiency gains, technological progress, and capital deepening. We have the following results. First, we find that on average capital deepening accounts for about 75 percent of total labor productivity growth, while efficiency and technological improvements account for about 7 and 18 percent, respectively. Second, technical change is not neutral. Third, whereas improvement in efficiency contributes to convergence in labor productivity between provinces, technical change contributes to productivity disparity across provinces. Finally, we find that foreign direct investment has a positive and significant effect on efficiency growth and technical progress.

The Political Economy of Central Banking in Emerging Economies

The Political Economy of Central Banking in Emerging Economies PDF Author: Mustafa Yağcı
Publisher: Routledge
ISBN: 1000164772
Category : Business & Economics
Languages : en
Pages : 222

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Book Description
Since the start of the Global Financial Crisis in 2008, research on central banking has gained momentum due to unusual levels of central bank activism and unconventional monetary policy measures in many countries. While these policies drew significant attention to advanced economy central banks, there has been much less academic focus on central banking in emerging economies. This book extends the research on the political economy of central banking by focusing on the emerging economies in Asia, Africa, Latin America, and the European periphery. Central banks are at the heart of economic policymaking, and their decisions have a significant impact on the social and economic well-being of citizens. Adopting an interdisciplinary political economy perspective, the contributions in this book explore the reciprocal relations between politics, economics, and central banks, and how the global and domestic political economy contexts influence central bank practices. The chapters employ diverse theoretical perspectives such as institutional and organizational theory, developmental state resource dependency, and gender studies, drawing on disciplines ranging from politics, international relations, public policy, management, finance, and sociology. This book will appeal to academics and students of central banking, political economy, and emerging economies, as well as professionals and policymakers engaged with central banks, monetary policy, and economic development.

Inflation Performance and Constitutional Central Bank Independence

Inflation Performance and Constitutional Central Bank Independence PDF Author: Eva Gutiérrez
Publisher:
ISBN:
Category : Banks and banking, Central
Languages : en
Pages : 38

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Book Description


Regional Economic Issues--Special Report 25 Years of Transition

Regional Economic Issues--Special Report 25 Years of Transition PDF Author: Mr.James Roaf
Publisher: International Monetary Fund
ISBN: 1498332188
Category : Business & Economics
Languages : en
Pages : 72

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Book Description
The past 25 years have seen a dramatic transformation in Europe’s former communist countries, resulting in their reintegration with the global economy, and, in most cases, major improvements in living standards. But the task of building full market economies has been difficult and protracted. Liberalization of trade and prices came quickly, but institutional reforms—such as governance reform, competition policy, privatization and enterprise restructuring—often faced opposition from vested interests. The results of the first years of transition were uneven. All countries suffered high inflation and major recessions as prices were freed and old economic linkages broke down. But the scale of output losses and the time taken for growth to return and inflation to be brought under control varied widely. Initial conditions and external factors played a role, but policies were critical too. Countries that undertook more front-loaded and bold reforms were rewarded with faster recovery and income convergence. Others were more vulnerable to the crises that swept the region in the wake of the 1997 Asia crisis.

Russian & East European Finance and Trade

Russian & East European Finance and Trade PDF Author:
Publisher:
ISBN:
Category : Europe, Eastern
Languages : en
Pages : 624

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Book Description


Monetary Policy in Central Europe

Monetary Policy in Central Europe PDF Author: Miroslav Beblavý
Publisher: Routledge
ISBN: 1134138997
Category : Business & Economics
Languages : en
Pages : 253

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Book Description
Miroslav Beblav an experienced policy maker, examines monetary policy and monetary institutions in Eastern European and looks at monetary policy, more generally, in less developed, but highly open and financially integrated market economies.

Current Developments in Monetary and Financial Law, Volume 2

Current Developments in Monetary and Financial Law, Volume 2 PDF Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 9781589061767
Category : Business & Economics
Languages : en
Pages : 886

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Book Description
The papers published in this volume are based on an IMF seminar held in 2000 that covered a broad range of topics on monetary and financial law, such as the liberalization of capital movements, data dissemination, responsibilities of central banks, and the IMF’s goals in financial surveillance and architecture. Participants addressed recent issues in the financial sector, including those related to payment systems and supervision of financial institutions. Updates dealt with Internet banking, bank secrecy, and currency arrangements-including dollarization. Participants discussed the recent activities of the other international financial institutions, which included the European Central Bank and the International Finance Corporation. Prevention of financial crises was also discussed, with reference to the distinct roles of the IMF and the private sector.