Dictatorships and central bank transparency. How do autocrats benefit from central bank transparency?

Nonfiction, Social & Cultural Studies, Political Science, International, Foreign Legal Systems
Cover of the book Dictatorships and central bank transparency. How do autocrats benefit from central bank transparency? by Kathrin Baumann, GRIN Publishing
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Kathrin Baumann ISBN: 9783668273160
Publisher: GRIN Publishing Publication: August 11, 2016
Imprint: GRIN Publishing Language: English
Author: Kathrin Baumann
ISBN: 9783668273160
Publisher: GRIN Publishing
Publication: August 11, 2016
Imprint: GRIN Publishing
Language: English

Seminar paper from the year 2015 in the subject Politics - Political Systems - General and Comparisons, grade: 1.3, University of Mannheim, language: English, abstract: The research question of this paper will be the following: how is central bank transparency bringing benefits to autocrats? Over the last decade, one could observe a rise in central bank transparency. Together with increased central bank independence, it has become one of the key features of monetary policy. Various studies have shown that central bank transparency is beneficial as it contributes to the well-being of a state, which could explain amongst others the worldwide increase. Unfortunately, most studies are limited to developed countries, of which the majority is ruled by democratic leaders. However, the researches of Dincer and Eichengreen (2007, 2009, 2014) have shown that dictatorships experienced an increase in central bank transparency too. Even though the increase in transparency is much higher in developed democratic countries, the average score has risen for both kind of regimes. Belarus for example had an overall gain of 3.5 points from 1.5 in 1988 to 5 in 2005, with 0 meaning no central bank transparency and 15 meaning full one. It is highly unlikely due to the repressive nature of autocracies that they would adopt central bank transparency whether they would not profit from it. So speaking, increased central bank transparency must also bring some economic benefits with it for autocrats.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Seminar paper from the year 2015 in the subject Politics - Political Systems - General and Comparisons, grade: 1.3, University of Mannheim, language: English, abstract: The research question of this paper will be the following: how is central bank transparency bringing benefits to autocrats? Over the last decade, one could observe a rise in central bank transparency. Together with increased central bank independence, it has become one of the key features of monetary policy. Various studies have shown that central bank transparency is beneficial as it contributes to the well-being of a state, which could explain amongst others the worldwide increase. Unfortunately, most studies are limited to developed countries, of which the majority is ruled by democratic leaders. However, the researches of Dincer and Eichengreen (2007, 2009, 2014) have shown that dictatorships experienced an increase in central bank transparency too. Even though the increase in transparency is much higher in developed democratic countries, the average score has risen for both kind of regimes. Belarus for example had an overall gain of 3.5 points from 1.5 in 1988 to 5 in 2005, with 0 meaning no central bank transparency and 15 meaning full one. It is highly unlikely due to the repressive nature of autocracies that they would adopt central bank transparency whether they would not profit from it. So speaking, increased central bank transparency must also bring some economic benefits with it for autocrats.

More books from GRIN Publishing

Cover of the book The new global IT value chain - what comes after offshoring by Kathrin Baumann
Cover of the book Investing in Commodities by Kathrin Baumann
Cover of the book COIN & Culture: Cross-Cultural Skills for Mission Effectiveness and Excellence by Kathrin Baumann
Cover of the book Prarie Farmers by Kathrin Baumann
Cover of the book MTV: The (r)evolution & impact between 1981 - 1994 by Kathrin Baumann
Cover of the book The Construction of Femininity in Shakespeare's 'Titus Andronicus' by Kathrin Baumann
Cover of the book A semantic analysis of the lexical field 'vehicle' by Kathrin Baumann
Cover of the book Sektorale Innovationssysteme: Eine Analyse der deutschen Kraftfahrzeugindustrie by Kathrin Baumann
Cover of the book The Role Of Creative Altruism In Global Management by Kathrin Baumann
Cover of the book Performance Measurement by Kathrin Baumann
Cover of the book CLIL exemplified through the teaching topic 'Multiculturalism in Berlin and London' in the subject of political science by Kathrin Baumann
Cover of the book Australia - a short introduction by Kathrin Baumann
Cover of the book Learning EFL by Bengali speaking learners: Major linguistic problems and possible solutions by Kathrin Baumann
Cover of the book Thomas Jefferson and Slavery by Kathrin Baumann
Cover of the book Apple's Growth in Chinese Market by Kathrin Baumann
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy