The Impact of Central Bank Independence on Stock Market Volatility

Zahra Afshari and Fatemeh Daraei
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Zahra Afshari: lzahra University
Fatemeh Daraei: Alzahra University

Journal of Money and Economy, 2018, vol. 13, issue 4, 423-441

Abstract: The new paradigm in monetary policymaking gives accent to central banks‘ Independence. It is widely accepted that in modern monetary policymaking, central banks have three key goals: price stability, output stability and financial stability. Recent studies on central bank independence mainly investigate the effects of central bank independence on economic

Keywords: Stock Market Volatility; Central bank independence index; Central bank independence paradox (search for similar items in EconPapers)
Date: 2018
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