Financial Stability And Central Bank Transparency In Europe

Bogdan Capraru

Analele Stiintifice ale Universitatii "Alexandru Ioan Cuza" din Iasi - Stiinte Economice (1954-2015), 2010, vol. 57, 95-108

Abstract: In this paper we assess the transparency level in the field of financial stability, using the Sotom-ska-Krzysztofik and Szczepanska index for the central banks from the European Union countries and European Central Bank (ECB) – 28 central banks, Norway, Switzerland, Iceland, Russia and 3 candi-dates to EU: Turkey, Macedonia and Croatia, totally 35 central banks. Also, we do a comparison between our results in 2010 and Sotomska-Krzysztofik and Szczepanska calculation in 2004, for the central banks that was commonly assessed. We conclude that the preoccupations of central bank communication policy in the field of financial stability have increased in the last period. The main factors that have been influencing these trends were the process of European integration and the actual international financial crises.

Keywords: central bank transparency; financial stability; Sotomska-Krzysztofik and Szczepanska index (search for similar items in EconPapers)
JEL-codes: E58 E59 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:aic:journl:y:2010:v:57:p:95-108

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