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A critical analysis of central bank independence and governance in Australia and Bangladesh

Ahsan, Amirul, Skully, Michael and Wickramanayake, J 2009, A critical analysis of central bank independence and governance in Australia and Bangladesh, Journal of administration & governance, vol. 4, no. 1, pp. 11-28.

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Title A critical analysis of central bank independence and governance in Australia and Bangladesh
Author(s) Ahsan, Amirul
Skully, Michael
Wickramanayake, J
Journal name Journal of administration & governance
Volume number 4
Issue number 1
Start page 11
End page 28
Publisher Monash University, Department of Management
Place of publication Caulfield East, VIC
Publication date 2009-07
ISSN 1834-3511
1834-352X
Keyword(s) Central bank independence
governance
index-model
Australia
Bangladesh
Summary This study examines central bank independence and governance (CBIG) in Bangladesh and Australia. It applies a unique index model of Ahsan, Skully and Wickramanayake (2008) to assess their respective legal, political, price stability objectives, exchange rate policies, monetary policy and deficit financing practices, transparency and accountability positions from 1991 to 2008. While the model shows CBIG is much weaker in Bangladesh than in Australia, the Bangladesh Bank’s CBIG shown considerable improvement over the period. These findings suggest that the Government of Bangladesh might learn from Australia’s experience with Reserve Bank of Australia and delegate further power and authority to Bangladesh Bank as well as lessen its political interference.
Notes
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Language eng
Field of Research 150203 Financial Institutions (incl Banking)
Socio Economic Objective 970114 Expanding Knowledge in Economics
HERDC Research category C1 Refereed article in a scholarly journal
ERA Research output type C Journal article
HERDC collection year 2009
Copyright notice ©2009, Monash University, Department of Management
Persistent URL http://hdl.handle.net/10536/DRO/DU:30028615

Document type: Journal Article
Collections: School of Accounting, Economics and Finance
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Every reasonable effort has been made to ensure that permission has been obtained for items included in DRO. If you believe that your rights have been infringed by this repository, please contact drosupport@deakin.edu.au.