Financial Fragility in Developing Countries: An Analysis in the Context of Monetary Policy and Central Bank Independence<sup>1</sup>-Reference-Cited by-同舟云学术

Financial Fragility in Developing Countries: An Analysis in the Context of Monetary Policy and Central Bank Independence¹

Published:2024-01-01 Issue:1 Volume:13 Page:89-116
ISSN:2336-9205
Container-title:Journal of Central Banking Theory and Practice
language:en
Short-container-title:

Author:

Tosun Bengü¹,Başar Selim²

Affiliation:

1. * Independent Researcher , Erzurum , Turkey

2. ** Anadolu University, Faculty of Economics, Department of Labour Economics and Industrial Relations , Eskişehir , Turkey

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.

Publisher

Walter de Gruyter GmbH

Subject

General Economics, Econometrics and Finance

Link

https://www.sciendo.com/pdf/10.2478/jcbtp-2024-0005

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