IDEAS home Printed from https://ideas.repec.org/a/cbk/journl/v13y2024i1p89-116.html
   My bibliography  Save this article

Financial Fragility in Developing Countries: An Analysis in the Context of Monetary Policy and Central Bank Independence

Author

Listed:
  • Bengü Tosun

    (Independent Researcher, Erzurum, Turkey)

  • Selim Başar

    (Anadolu University, Faculty of Economics, Department of Labour Economics and Industrial Relations, Eskişehir, Turkey)

Abstract

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.

Suggested Citation

  • Bengü Tosun & Selim Başar, 2024. "Financial Fragility in Developing Countries: An Analysis in the Context of Monetary Policy and Central Bank Independence," Journal of Central Banking Theory and Practice, Central bank of Montenegro, vol. 13(1), pages 89-116.
    • Handle: RePEc:cbk:journl:v:13:y:2024:i:1:p:89-116
    as

    Download full text from publisher

    File URL: http://www.cbcg.me/repec/cbk/journl/vol13no1-5.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Financial Fragility; International Monetary Policy; Central Bank Independence; System GMM.;
    All these keywords.

    JEL classification:

    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission
    • G00 - Financial Economics - - General - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cbk:journl:v:13:y:2024:i:1:p:89-116. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/cbmgvme.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.