Financial stability and central bank transparency in Europe
Financial stability and central bank transparency in Europe
Author(s): Bogdan CăpraruSubject(s): International relations/trade, Transformation Period (1990 - 2010), EU-Accession / EU-DEvelopment, Accounting - Business Administration
Published by: Editura Universităţii »Alexandru Ioan Cuza« din Iaşi
Keywords: central bank transparency; financial stability; Sotomska-Krzysztofik and Szczepanska index;
Summary/Abstract: In this paper we assess the transparency level in the field of financial stability, using the Sotomska-Krzysztofik and Szczepanska index for the central banks from the European Union countries and European Central Bank (ECB) – 28 central banks, Norway, Switzerland, Iceland, Russia and 3 candidates to EU: Turkey, Macedonia and Croatia, totally 35 central banks. Also, we do a comparison between our results in 2010 and Sotomska-Krzysztofik and Szczepanska calculation in 2004, for the central banks that was commonly assessed. We conclude that the preoccupations of central bank communication policy in the field of financial stability have increased in the last period. The main factors that have been influencing these trends were the process of European integration and the actual international financial crises.
Journal: Analele Ştiinţifice ale Universităţii »Alexandru Ioan Cuza« din Iaşi. Ştiinţe economice
- Issue Year: 57/2010
- Issue No: 1
- Page Range: 95-107
- Page Count: 13
- Language: English