Analysis of the Transparency Index of the Central Banks of the Western Balkan Countries

Vera Gojčaj ()
Additional contact information
Vera Gojčaj: Directorate for Monetary Policy, Monetary and Financial Statistics and Fiscal Research, Central Bank of Montenegro

Journal of Central Banking Theory and Practice, 2024, vol. 13, issue 2, 109-128

Abstract: Transparency in the work of central banks has become one of the key features of monetary policy. Because of this, many economists have diverted to finding the most suitable way to measure it. Although a unique method of measurement has yet to be achieved, there are various studies in the literature that deal with the calculation of the transparency index of central banks. Most studies have focused on measuring transparency of the largest central banks, while countries of the Western Balkans have been neglected. In the literature, there are no studies related to the analysis and measurement of transparency of the central banks in the Western Balkan countries. Starting from the index calculated by Eiffinger & Geraats, this paper aims to calculate the transparency index for five central banks: the Central Bank of Montenegro, the Croatian National Bank, the Central Bank of Bosnia and Herzegovina, the National Bank of the Republic of North Macedonia, and the Bank of Albania.

Keywords: central bank transparency; central bank transparency index; monetary policy. (search for similar items in EconPapers)
JEL-codes: E50 E52 E58 (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.cbcg.me/repec/cbk/journl/vol13no2-5.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cbk:journl:v:13:y:2024:i:2:p:109-128

Access Statistics for this article

More articles in Journal of Central Banking Theory and Practice from Central bank of Montenegro Contact information at EDIRC.
Bibliographic data for series maintained by ().