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Indicators of Independence, Accountability, and Transparency

  • Bernard J. Laurens
  • Marco Arnone
  • Jean-François Segalotto
Chapter
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Part of the Procyclicality of Financial Systems in Asia book series (IMF)

Abstract

None of the studies on CB independence, accountability, and transparency that are surveyed in Chapters 1 to 3 has attempted to analyze worldwide trends. In an effort to fill this gap, and drawing on the advances we have described, we propose indicators of CB independence, accountability, and transparency, which we will apply to a sample of CBs in countries at different stages of economic development (advanced economies, emerging market economies, and developing countries) and from all geographic areas. In this chapter we define the indicators of CB independence, accountability, and transparency that are used in Chapters 5 to 7, by drawing on the literature discussed earlier.

Keywords

Monetary Policy Central Bank Inflation Outlook Economic Outlook Informational Asymmetry 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© International Monetary Fund 2009

Authors and Affiliations

  • Bernard J. Laurens
    • 1
  • Marco Arnone
    • 2
    • 3
  • Jean-François Segalotto
    • 2
  1. 1.Monetary and Capital Markets DepartmentInternational Monetary FundUSA
  2. 2.The Centre for Macroeconomics & Finance Research (CeMaFiR)Italy
  3. 3.University of Eastern PiedmontItaly

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