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...
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| Формат: | Журнал |
| Язык: | English |
| Опубликовано: |
Washington, D.C. :
International Monetary Fund,
2005.
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| Серии: | IMF Working Papers; Working Paper ;
No. 2005/075 |
| Online-ссылка: | Full text available on IMF |