PL EN


2004 | 2 | 187-207
Article title

MEASURING THE DEGREE OF THE CENTRAL BANK'S INDEPENDENCE

Authors
Title variants
Languages of publication
PL
Abstracts
EN
The law-based indicators of central bank independence neither satisfactorily reflect the real degree of autonomy nor the theoretical dimension of the concept of independence. In the developing market economies there emerges, alongside the subjective assessment of the statutes of the central bank, a problem of a divergence between the legal stipulations and the practices of government vis-a-vis the decision makers in the realm of monetary policy. Using panel research data and reaction functions the author ranked the degree of independence of central banks in the countries undergoing transformation. He presents analytically estimated central bank's independence indices of countries in question.
Keywords
Year
Issue
2
Pages
187-207
Physical description
Document type
ARTICLE
Contributors
author
  • M. Brzozowski, Uniwersytet Warszawski, Wydzial Nauk Ekonomicznych, Katedra Makroekonomii i Teorii Handlu Zagranicznego, ul. Dluga 44/50, 00-241 Warszawa, Poland
References
Document Type
Publication order reference
Identifiers
CEJSH db identifier
04PLAAAA0018373
YADDA identifier
bwmeta1.element.20a27aa0-e7ff-34cd-ae60-c291bf21aedb
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