Τίτλος:
The effect of banking supervision on central bank preferences: Evidence from panel data
Γλώσσες Τεκμηρίου:
Αγγλικά
Περίληψη:
We examine the effects of banking supervisory architecture on central bank preferences, quantified through a recently proposed measure of central bank conservatism. Using a dynamic panel data specification we document that central banks serving both monetary policy and banking supervision functions are less inflation conservative than those with only a price stability mandate. © 2015 Elsevier B.V.
Συγγραφείς:
Chortareas, G.
Logothetis, V.
Magkonis, G.
Zekente, K.-M.
Περιοδικό:
ECONOMICS LETTERS
DOI:
10.1016/j.econlet.2015.12.021
