TY  - BOOK
AU  - Berger,Helge
AU  - Lybek,Tonny
AU  - Nitsch,Volker
TI  - Central Bank Boards Around the World: Why Does Membership Size Differ? 
T2  - IMF Working Papers; Working Paper
SN  - 1451865414 :
SN  - 1018-5941
PY  - 2006///
CY  - Washington, D.C.
PB  - International Monetary Fund
KW  - Central Bank
KW  - imf
KW  - Committee
KW  - Council
KW  - Decision Making
KW  - Inflation
KW  - Monetary Fund
KW  - Bulgaria
KW  - New Zealand
N2  - This paper analyzes empirically differences in the size of central bank boards across countries. Defining a board as the body that changes monetary instruments to achieve a specified target, we discuss the possible determinants of a board's size. The empirical relevance of these factors is examined using a new dataset that covers the de jure membership size of 84 central bank boards at the end of 2003. We find that larger and more heterogeneous countries, countries with stronger democratic institutions, countries with floating exchange rate regimes, and independent central banks with more staff tend to have larger boards
UR  - http://elibrary.imf.org/view/IMF001/01142-9781451865417/01142-9781451865417/01142-9781451865417.xml
UR  - http://www.imfbookstore.org/IMFORG/9781451865417
ER  -