It takes the average reader and 53 minutes to read Central Bank Autonomy: Lessons from Global Trends by Jean-François Segalotto
Assuming a reading speed of 250 words per minute. Learn more
We calculate indexes of central bank autonomy (CBA) for 163 central banks as of end-2003, and comparable indexes for a subgroup of 68 central banks as of the end of the 1980s. The results confirm strong improvements in both economic and political CBA over the past couple of decades, although more progress is needed to boost political autonomy of the central banks in emerging market and developing countries. Our analysis confirms that greater CBA has on average helped to maintain low inflation levels. The paper identifies four broad principles of central bank autonomy that have been shared by the majority of countries. Significant differences exist in the area of banking supervision where many central banks have retained a key role. Finally, we discuss the sequencing of reforms to separate the conduct of monetary and fiscal policies.
Central Bank Autonomy: Lessons from Global Trends by Jean-François Segalotto is 53 pages long, and a total of 13,409 words.
This makes it 18% the length of the average book. It also has 16% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 13 minutes to read Central Bank Autonomy: Lessons from Global Trends aloud.
Central Bank Autonomy: Lessons from Global Trends is suitable for students ages 8 and up.
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