Political Effects on Central Bank Behaviour: Some International Evidence

1994 ◽  
pp. 133-163 ◽  
Author(s):  
David R. Johnson ◽  
Pierre L. Siklos
2002 ◽  
Vol 84 (4) ◽  
Author(s):  
Gabriel Sterne ◽  
David Stasavage ◽  
Georgios Chortareas

1992 ◽  
Vol 74 (1) ◽  
pp. 135 ◽  
Author(s):  
Michael Hutchison ◽  
John P. Judd

Author(s):  
Mustafa Batuhan Tufaner ◽  
Kamil Uslu ◽  
İlyas Sözen

Central banks fulfill missions like financing governments, contributing the improvement of the financial market and implement monetary policy. Because of these important functions, instruments of the central bank has become a subject of ongoing debate over the years. The Central Bank's monetary policies instruments are important in terms of achieving the set macroeconomics targets. In recent years to become a major focus of attention of the interest rate corridor instrument has led to examine the structure of the central banks. The interest rate corridor primarily, provides flexibility advantages through interest rate to the central banks. The opinion that the central banks which have a flexible structure are more successful on ensuring the price stability and implementing macro policies with evading the political effects became stronger. In this context, in this study to examine the contributions of a flexible central bank to price stability and financial stability. In this bulletin different policy instruments of central banks are compared and critically assessed various determinants of central bank flexibility. In addition, comparing of the legislation of major central banks and various interest rate corridor implementations are examined.


Author(s):  
Georgios E. Chortareas ◽  
David Stasavage ◽  
Gabriel Sterne

1995 ◽  
Vol 9 (3) ◽  
pp. 397-423 ◽  
Author(s):  
Alex Cukierman ◽  
Steven B. Webb

2005 ◽  
Vol 35 (139) ◽  
pp. 287-300 ◽  
Author(s):  
Étienne Balibar

The problem of a European Constitution is discussed at a fundamental level. In which way, can we speak about such a Constitution? Thearticle argues against the “postnational souveranism”, legitimating state against citizens. A new kind of citizenship is favoured based on extended social rights. The constitution now proposed contrarily makes the European Central Bank and its neoliberal policy to central and nearly unchangeable institution.


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