Exploring central bank independence: inferences from country clusters

Deniz Kocak and Unal Eryilmaz

Journal of Economic Policy Reform, 2025, vol. 28, issue 3, 328-343

Abstract: This study explores the complex and multifaceted nature of central bank independence (CBI) at the country level, highlighting both similarities and differences. The investigation centers on the k-prototypes clustering algorithm, which effectively captures the complexities of CBI by incorporating both numerical and categorical data related to financial stability and governance dynamics. The clustering results offer valuable insights into how countries compare in terms of the trade-offs imposed by central bank policies and their economic and governance outcomes. The comparative analysis of country clusters, as well as the countries within each cluster, provides essential information for identifying leading examples of CBI.

Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/17487870.2025.2499276 (text/html)
Access to full text is restricted to subscribers.

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:taf:jpolrf:v:28:y:2025:i:3:p:328-343

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/GPRE19

DOI: 10.1080/17487870.2025.2499276

Access Statistics for this article

Journal of Economic Policy Reform is currently edited by Dr Judith Clifton

More articles in Journal of Economic Policy Reform from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().