English, Article, Journal or magazine article edition: Independência e autonomia do Banco Central: mais sobre o debate [Central Bank independence and autonomy: more on this debate] Marco Crocco; Frederico G. Jayme Jr.

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Bookmark: http://trove.nla.gov.au/version/114617
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Independência e autonomia do Banco Central: mais sobre o debate [Central Bank independence and autonomy: more on this debate]
Author
  • Marco Crocco
  • Frederico G. Jayme Jr.
Physical Description
  • preprint
Notes
  • The aim of this paper is to analyze critically the Independence of Central Banks (ICB). By presenting the theoretical arguments that support the independence, as well as some empirical studies regarding this topic, we introduce the main critical concerns about the argument of ICB. Besides, we set the most striking aspects of the effectiveness of the Independence of Central Banks as a "panacea" for solving the inflationary pressures in developing countries. Conclusions highlight the limits of ICB in countries with high external constraints such as Brazil.
  • RePEc:cdp:texdis:td199
Language
  • English
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