1. Is full (i.e. instrument and goal) central bank independence
... and Eijffinger-Schaling dummies there is no support for this view. The reason for the different results is the problem with studies using varying sample. On the one hand there is evidence that CBI provide less credit to government to finance budget deficits, and on the other hand another ... is true. This makes analysing CBI pros and cons much more difficult when there are conflicting views. For example Burkendin and Wohar (1990) use a sample of eight countries compared to that of De Hann and J Sturm (1998), which consists of 30 countries. De Haan and J Sturm conclude that it ... result h...
- Word Count: 4086
- Approx Pages: 16
- Grade Level: Undergraduate