Any Link Between Legal Central Bank Independence and Inflation? Evidence from Latin America and the Caribbean »
Series: IMF Working Papers
Author(s): Luis Jácome , and Francisco Vazquez
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 April 2005
Keywords: structural reform, Latin America, central bank, central banks, monetary policy, monetary fund, Latin Amercia,
This paper reviews central bank legislation in 24 countries in Latin America and the Caribbean during the 1990s. Using panel regressions, we find a negative relationship between legal central bank independence (CBI...