Financial Fragility in Developing Countries: An Analysis in the Context of Monetary Policy and Central Bank Independence

IF 1.7 Q3 BUSINESS, FINANCE

Journal of Central Banking Theory and Practice Pub Date : 2024-01-01 DOI:10.2478/jcbtp-2024-0005

Bengü Tosun, Selim Başar

引用次数: 0

Abstract

Abstract This study aims to examine the effects of monetary policies implemented by developed countries and central bank independence of developing countries on the financial fragility of developing countries. According to the findings, it was seen that the contractionary monetary policies implemented by the central banks of developed countries increase the financial fragility for both groups of countries, as do the change of central bank governors. However, the change in governors strengthens positive effects of contractionary monetary policies on the financial fragility.

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发展中国家的金融脆弱性：货币政策和中央银行独立性背景下的分析

摘要本研究旨在探讨发达国家实施的货币政策和发展中国家中央银行的独立性对发展中国家金融脆弱性的影响。研究结果表明，发达国家中央银行实施的收缩性货币政策与中央银行行长的更换一样，都会增加这两类国家的金融脆弱性。然而，行长的更换加强了收缩性货币政策对金融脆弱性的积极影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Central Banking Theory and Practice BUSINESS, FINANCE-

CiteScore

2.80

自引率

57.10%

发文量

审稿时长

7 weeks

期刊介绍： Journal of Central Banking Theory and Practice is a scientific journal dedicated to publishing quality papers and disseminating original, relevant and applicable economic research. Scientific and professional papers that are published in the Journal of Central Banking Theory and Practice cover theoretical and practical aspects of central banking, monetary policy, including the supervision issues, as well as banking and management in central banks. The purpose of the journal is to educate the general public about the key issues that the central bankers globally face, as well as about contemporary research and achievements in the field of central banking theory and practice.