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...

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Bibliographic Details

Published in:	MAGKS - Joint Discussion Paper Series in Economics (Band 36-2011)
Main Author:	Neuenkirch, Matthias
Format:	Work
Language:	English
Published:	2011
Subjects:	Interest Rates Central Bank Transparency Financial Market Expectations Wirtschaft Monetary Policy Emerging Markets Money Market. Economics
Online Access:	PDF Full Text
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