Wednesday, March 29, 2006

 
ECB WATCH. AN INDEX OF CENTRAL BANK TRANSPARENCY!
. Sylvester Eijffinger & Petra Geraats: "How transparent are central banks?", European Journal of Political Economy, Vol. 22, 2006, 1-21.

According to a study by Sylvester Eijffinger of Tilburg University and Petra Geraats of Cambridge University (*), the Reserve Bank of New Zealand and the Swedish Riksbank are the most transparent central banks. The ECB shares the fourth spot with Canada's central bank ― just ahead of the US Federal Reserve!

(*) See also "The end of surprises", The Economist.

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