Central Bank Transparency and Financial Market Expectations: The Case of Emerging Markets
In this paper, we study how central bank transparency influences the formation of money market expectations in emerging markets. The sample covers 25 countries for the period from January 1998 to December 2009. We find, first, that transparency reduces the bias (the difference between the money m...
Gorde:
Argitaratua izan da: | MAGKS - Joint Discussion Paper Series in Economics (Band 36-2011) |
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Egile nagusia: | |
Formatua: | Arbeit |
Hizkuntza: | ingelesa |
Argitaratua: |
2011
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Sarrera elektronikoa: | PDF testu osoa |
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MAGKS - Joint Discussion Paper Series in Economics