非洲的中央银行独立性、通货膨胀与贫困

IF 1.2 Q3 BUSINESS, FINANCE

Journal of Emerging Market Finance Pub Date : 2022-04-18 DOI:10.1177/09726527221078434

A. Gyeke-dako, E. Agbloyor, A. Agoba, F. Turkson, E. Abbey

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引用次数: 3

摘要

本文讨论了央行独立性在多大程度上可以用来缓解通货膨胀的回归性质。本文利用1970-2012年期间的44个撒哈拉以南非洲国家，通过区分法律独立性和州长更替率，首先考察了CBI是否对通货膨胀有任何影响。证据表明，CBI有助于控制通货膨胀，通货膨胀通常会减少贫困，在低CBI的环境中，这种影响甚至更强。JEL代码：E02、E58、E31、I32

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Central Bank Independence, Inflation, and Poverty in Africa

This article discusses the extent to which central bank independence (CBI) can be used to mitigate the regressive nature of inflation. Using 44 Sub-Saharan African (SSA) countries from the period 1970–2012, the article first examines whether CBI has any influence on inflation by distinguishing between legal independence and governor turnover rates. The evidence shows that CBI helps control inflation, and that inflation generally reduces poverty, and this effect is even stronger, in an environment of low CBI. JEL Codes: E02, E58, E31, I32

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来源期刊

Journal of Emerging Market Finance BUSINESS, FINANCE-

CiteScore

1.80

自引率

33.30%

发文量

期刊介绍： The Journal of Emerging Market Finance is a forum for debate and discussion on the theory and practice of finance in emerging markets. While the emphasis is on articles that are of practical significance, the journal also covers theoretical and conceptual aspects relating to emerging financial markets. Peer-reviewed, the journal is equally useful to practitioners and to banking and investment companies as to scholars.