Central bank institutional structure and effective central banking: cross-country empirical evidence

Iftekhar Hasan () and Loretta Mester

No 08-5, Working Papers from Federal Reserve Bank of Philadelphia

Abstract: Over the last decade, the legal and institutional frameworks governing central banks and financial market regulatory authorities throughout the world have undergone significant changes. This has created new interest in better understanding the roles played by organizational structures, accountability, and transparency, in increasing the efficiency and effectiveness of central banks in achieving their objectives and ultimately yielding better economic outcomes. Although much has been written pointing out the potential role institutional form can play in central bank performance, little empirical work has been done to investigate the hypothesis that institution form is related to performance. This paper attempts to help fill this void.

Keywords: Banks and banking; Central (search for similar items in EconPapers)
Date: 2008
New Economics Papers: this item is included in nep-cba and nep-mon
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Related works:
Journal Article: Central Bank Institutional Structure and Effective Central Banking: Cross-Country Empirical Evidence (2008)
Working Paper: Central bank institutional structure and effective central banking: cross-country empirical evidence (2008)
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