TRANSPARENCY AND CONVERGENCY IN THE COMMUNICATION OF CENTRAL BANKS IN THE SOUTH- EAST EUROPEAN COUNTRIES

Vinko Kandzija (), Igor Zivko () and Branimir Skoko ()
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Vinko Kandzija: University of Rijeka
Igor Zivko: University of Mostar
Branimir Skoko: University of Mostar

Economic Thought and Practice, 2009, vol. 18, issue 1, 81-92

Abstract: Monetary authorities must make transparent communication with the public and financial market players in the process of implementation of monetary policy. Transparency is a way to make information about decisions of monetary committee, reasons for making decisions and efficiency in its implementation clear and distinct. This paper will analyze theoretical framework on transparency in central banks in communication, and field of convergence in monetary transparency in central banks of South-eastern countries to the standards of EU.

Keywords: central bank; communication; transparency; convergence (search for similar items in EconPapers)
JEL-codes: E58 (search for similar items in EconPapers)
Date: 2009
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