The Effectiveness of Macroeconomic Commitment in Weak(er) Institutional Environments /

This paper analyzes the institutional conditions affecting the establishment and effectiveness of independent central banks and of budgetary institutions. It draws on the recent theory developed by North, Wallis and Weingast on the transition from a closed and fragile state to an open economic and p...

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Autor principal: Quintyn, Marc
Altres autors: Gollwitzer, Sophia
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 2010.
Col·lecció:IMF Working Papers; Working Paper ; No. 2010/193
Accés en línia:Full text available on IMF