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Record Nr. |
UNINA9910821267203321 |
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Autore |
Berger Helge |
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Titolo |
Central bank boards around the world : why does membership size differ? / / [prepared by] Helge Berger, Volker Nitsch, and Tonny Lybek |
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Pubbl/distr/stampa |
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[Washington, D.C.], : International Monetary Fund, c2006 |
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ISBN |
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1-4623-0236-X |
1-4527-8746-8 |
1-282-44792-0 |
1-4519-0994-2 |
9786613821126 |
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Edizione |
[1st ed.] |
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Descrizione fisica |
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1 online resource (48 p.) |
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Collana |
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IMF working paper ; ; WP/06/281 |
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Altri autori (Persone) |
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Soggetti |
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Banks and banking, Central |
Monetary policy |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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"December 2006." |
At head of title: Monetary and Capital Markets Department. |
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Nota di bibliografia |
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Includes bibliographical references (p. 43-46). |
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Nota di contenuto |
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""Contents""; ""I. INTRODUCTION""; ""II. POSSIBLE DETERMINANTS OF CENTRAL BANK BOARD SIZE""; ""III. EMPIRICAL ANALYSIS""; ""IV. CONCLUSIONS""; ""APPENDIXES ""; ""REFERENCES"" |
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Sommario/riassunto |
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This paper analyzes empirically differences in the size of central bank boards across countries. Defining a board as the body that changes monetary instruments to achieve a specified target, we discuss the possible determinants of a board's size. The empirical relevance of these factors is examined using a new dataset that covers the de jure membership size of 84 central bank boards at the end of 2003. We find that larger and more heterogeneous countries, countries with stronger democratic institutions, countries with floating exchange rate regimes, and independent central banks with more staff tend to have larger boards. |
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