The Evolution of European Central Bank Independence: An Updating of the Masciandaro and Spinelli Index

Autor:	Franco Spinelli, Henry Tavelli, Giuseppe Tullio
Rok vydání:	1998
Předmět:	Bank rate Economics and Econometrics Index (economics) Sociology and Political Science Economy Central bank media_common.quotation_subject European central bank Official cash rate Economics Monetary reform Independence media_common
Zdroj:	Scottish Journal of Political Economy. 45:341-344
ISSN:	1467-9485 0036-9292
DOI:	10.1111/1467-9485.00100
Popis:	In an earlier paper in this journal, Masciandaro and Spinelli computed an index of central bank independence for a number of countries on the basis of the institutional arrangements in place in 1990. Since then the situation has changed and therefore that work needs an updating. This shows that the Bundesbank remains the most independent central bank, but several other central banks have increased their independence: see the cases of Spain, Italy, France, the Netherlands and Great Britain. The Bank of Spain has registered the biggest improvement and the Bank of Portugal remains the least independent.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_dedup___::8eafb01f9d8f1bd2abc0e4e5270b4149 https://doi.org/10.1111/1467-9485.00100 Zobrazit plný text záznamu Plný text ve formátu PDF