Professional Documents
Culture Documents
GSF, Chapter 7
2
is critical.
versus-discretion debate.
output gains.
choices.
inflation target.
panacea.
independence.
countries.
6
economy.
development.
causation.
7
is in developed economies.
countries.
banks.
Latin America.
10
modelling.
corresponding economy.
11
Case study:
external sources.
central bank.
developing countries
economies’.
general.
16
developing countries.
Table 7.1
de Haan and Kooi’s (2000) central bank governors’ turnover rates (TOR)
in developing countries, 1980-1989
Country TO
1 Algeria 0.
2 Argentina 1.
3 Bahamas 0.
4 Bahrain 0.
5 Bangladesh 0.
20
Table 7.2
Key findings from Fry, Goodhart, and Almeida’s (1996) Bank of England-sponsored study of central banking in 44 developing countries