Any Link Between Legal Central Bank Independence and Inflation? : Evidence from Latin America and the Caribbean /

This paper reviews central bank legislation in 24 countries in Latin America and the Caribbean during the 1990s. Using panel regressions, we find a negative relationship between legal central bank independence (CBI) and inflation. This result holds for three alternative measures of CBI and after con...

Full beskrivning

Bibliografiska uppgifter
Huvudupphovsman: Jacome, Luis
Övriga upphovsmän: Vazquez, Francisco
Materialtyp: Tidskrift
Språk:English
Publicerad: Washington, D.C. : International Monetary Fund, 2005.
Serie:IMF Working Papers; Working Paper ; No. 2005/075
Länkar:Full text available on IMF