Central banks and information provided to the private sector
This paper examines the information provided to the private sector by centralbanks. By using the principal component analysis, we investigated the variance of the procedural rules followed by nine major central banks about informationtreatments. We investigate problems related to the information com...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Associazione Economia civile
2004-09-01
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| Series: | PSL Quarterly Review |
| Subjects: | |
| Online Access: | http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/9829/9714 |
| Summary: | This paper examines the information provided to the private sector by centralbanks. By using the principal component analysis, we investigated the variance of the procedural rules followed by nine major central banks about informationtreatments. We investigate problems related to the information coming from thecentral banks by focusing on the quantity and quality perspectives and highlight the methodological complexity of the investigation. We find that a synthetic quantitative index of transparency is not enough to represent the phenomenon since it can result misleading in understanding the behavior of institutionally different central banksassociated with the same index values. |
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| ISSN: | 2037-3635 2037-3643 |