Author : Mr.Tonny Lybek
Publisher : International Monetary Fund
ISBN 13 : 1451842023
Total Pages : 39 pages
Book Rating : 4.4/5 (518 download)
Book Synopsis Central Bank Autonomy, and Inflation and Output Performance in the Baltic States, Russia, and Other Countries of the Former Soviet Union, 1995-1997 by : Mr.Tonny Lybek
Download or read book Central Bank Autonomy, and Inflation and Output Performance in the Baltic States, Russia, and Other Countries of the Former Soviet Union, 1995-1997 written by Mr.Tonny Lybek and published by International Monetary Fund. This book was released on 1999-01-01 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: A higher degree of de jure autonomy and accountability of the central banks of the Baltic states, Russia, and other countries of the former Soviet Union appears to be positively correlated with lower average inflation. There also seems to be some positive correlation between greater central bank autonomy and higher average real growth, after the initial period of reforms. Central banks with a higher degree of autonomy and accountability have apparently also reformed their operations more aggressively.