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Title: miss

Essay Details:

Subject: English

Author:

Date: May 19, 2015

Level: University

Grade: A

Length: 11 / 3288

Essay text:

An article from the World Bank Policy Research Bulletin comments that in a report carried out by Cukierman, Webb and Neyapti, "The more independent the central bank, the less the inflation---in industrial but not in developing countries. In the developing countries, the infrequency of change of the chief executive officer of the bank is a better proxy for the central bank independence. And an index of overall central bank independence explains much of the cross-country variation in inflation". (www.worldbank.org/html/dec/Publications/Bulletins/PRBvol3no5.html). This can also be supported by Ismihan and Ozkan (2003, p2) who go on to say that empirical evidence for the negative correlation in developing countries has been less clear-cut...

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