UID:
edocfu_9958077060202883
Format:
1 online resource (48 p.)
Edition:
1st ed.
ISBN:
1-4623-0236-X
,
1-4527-8746-8
,
1-282-44792-0
,
1-4519-0994-2
,
9786613821126
Series Statement:
IMF working paper ; WP/06/281
Content:
This paper analyzes empirically differences in the size of central bank boards across countries. Defining a board as the body that changes monetary instruments to achieve a specified target, we discuss the possible determinants of a board's size. The empirical relevance of these factors is examined using a new dataset that covers the de jure membership size of 84 central bank boards at the end of 2003. We find that larger and more heterogeneous countries, countries with stronger democratic institutions, countries with floating exchange rate regimes, and independent central banks with more staff tend to have larger boards.
Note:
"December 2006."
,
At head of title: Monetary and Capital Markets Department.
,
""Contents""; ""I. INTRODUCTION""; ""II. POSSIBLE DETERMINANTS OF CENTRAL BANK BOARD SIZE""; ""III. EMPIRICAL ANALYSIS""; ""IV. CONCLUSIONS""; ""APPENDIXES ""; ""REFERENCES""
,
English
Additional Edition:
ISBN 1-4518-6541-4
Language:
English
