Any Link Between Legal Central Bank Independence and Inflation? Evidence from Latin America and the Caribbean

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 controlling for international inflation, banking... READ MORE...

Publication date: April 2005
ISBN 9781451860948
$15.00

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