Financial Fragility in Developing Countries: An Analysis in the Context of Monetary Policy and Central Bank Independence
JOURNAL OF CENTRAL BANKING THEORY AND PRACTICE, cilt.13, sa.1, ss.89-116, 2024 (ESCI, Scopus)
- Yayın Türü: Makale / Tam Makale
- Cilt numarası: 13 Sayı: 1
- Basım Tarihi: 2024
- Doi Numarası: 10.2478/jcbtp-2024-0005
- Dergi Adı: JOURNAL OF CENTRAL BANKING THEORY AND PRACTICE
- Derginin Tarandığı İndeksler: Emerging Sources Citation Index (ESCI), Scopus
- Sayfa Sayıları: ss.89-116
- Açık Arşiv Koleksiyonu: AVESİS Açık Erişim Koleksiyonu
- Anadolu Üniversitesi Adresli: Evet
Özet
This study aims to examine the effects of monetary policies implemented by developed countries and central bank independence of developing countries on the financial fragility of developing countries. According to the findings, it was seen that the contractionary monetary policies implemented by the central banks of developed countries increase the financial fragility for both groups of countries, as do the change of central bank governors. However, the change in governors strengthens positive effects of contractionary monetary policies on the financial fragility.