Central Bank independence and macroeconomic performance: a cross country analysis

Alfiyandri, Muhammad (2010) Central Bank independence and macroeconomic performance: a cross country analysis. Other thesis, FAKULTAS EKONOMI.

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Abstract

The issue of imptementing an independent central bank has evolved in recent years.Many argiments believe that by becaming more independent, the central bank can transform into a stronger institution that more efficient and more capable fulfill its functions. Although the impotrtance of central bank independence has long been recognized in the academic literature, in this particular case independenee cannot contribute a significant impact to macroecanomics performance. Many moral hazards were caused by lack of transparency. therefore, increasing widespread transparency of central bank become more impaftance factar in practicing central bank independence.

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