TRANSPARENCY OF THE MONETARY POLICY OF CENTRAL BANKS SELECTED

Lukasz Topolewski ()
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Lukasz Topolewski: Nicolaus Copernicus University

No 16/2013, Working Papers from Institute of Economic Research

Abstract: The work concerns the transparency of monetary policy selected central banks. The significance of this issue is growing and has a huge impact on the policy pursued by the central bank. There are also increasing importance of other aspects of quality. This article presents the transparency of monetary policy being carried out by the central bank. During the preparation work is based mainly on the analysis of the literature on a selected topic. The paper cites studies by other authors. Research shows that transparency is determined by many factors, which among others include: applied monetary policy strategy, experience, associated with a history of banking crises, as well as part of the supervision of the banking system. The conducted considerations that the level of transparency of the analyzed banks increased significantly, and this trend will probably continue in the future. Banks completely changed their attitude in this regard and are becoming more open to providing information to the public. It has been shown that among the subjects analyzed, the Czech National Bank and the National Bank of Hungary lead the most transparent monetary policy.

Keywords: monetary policy; central bank; transparency (search for similar items in EconPapers)
Pages: 13 pages
Date: 2013-02, Revised 2013-05
New Economics Papers: this item is included in nep-cba and nep-mon
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Published in Problemy gospodarki swiatowej TOM IV, edited by Magdalena Kuczmarska, Ilona Pietryka, Institute of Economic Research and Polish Economic Society Branch in Torun, Torun 2014

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Persistent link: https://EconPapers.repec.org/RePEc:pes:wpaper:2013:no16

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