02777nam 2200637Ia 450 991082126720332120200520144314.01-4623-0236-X1-4527-8746-81-282-44792-01-4519-0994-29786613821126(CKB)3360000000443151(EBL)3014320(SSID)ssj0000940085(PQKBManifestationID)11967006(PQKBTitleCode)TC0000940085(PQKBWorkID)10948642(PQKB)11733818(OCoLC)698585501(IMF)WPIEE2006281(MiAaPQ)EBC3014320(EXLCZ)99336000000044315120070910d2006 uf 0engur|n|---|||||txtccrCentral bank boards around the world why does membership size differ? /[prepared by] Helge Berger, Volker Nitsch, and Tonny Lybek1st ed.[Washington, D.C.] International Monetary Fundc20061 online resource (48 p.)IMF working paper ;WP/06/281"December 2006."At head of title: Monetary and Capital Markets Department.1-4518-6541-4 Includes bibliographical references (p. 43-46).""Contents""; ""I. INTRODUCTION""; ""II. POSSIBLE DETERMINANTS OF CENTRAL BANK BOARD SIZE""; ""III. EMPIRICAL ANALYSIS""; ""IV. CONCLUSIONS""; ""APPENDIXES ""; ""REFERENCES""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.IMF working paper ;WP/06/281.Banks and banking, CentralMonetary policyBanks and banking, Central.Monetary policy.Berger Helge1630356Nitsch Volker1630358Lybek Tonny1630357International Monetary Fund.Monetary and Capital Markets Dept.MiAaPQMiAaPQMiAaPQBOOK9910821267203321Central Bank Boards Around the World3968616UNINA