Author/Editor: Alessandro Gambini, Salim M Darbar, Marco Arnone.

Release Date:April, 2007

This paper examines the relationship between the quality of banking supervision and governance of the supervisory agency, based on assessments of the Basel Core Principles and the IMF Code on more...

Author/Editor: Bernard Laurens, Martin Sommer, Marco Arnone, Jean-François Segalotto.

Release Date:April, 2007

We calculate indexes of central bank autonomy (CBA) for 163 central banks as of end-2003, and comparable indexes for a subgroup of 68 central banks as of the end of the 1980s. The results confirm more...

Author/Editor: Bernard Laurens, Marco Arnone, Jean-François Segalotto.

Release Date:October, 2006

This paper presents a survey of the literature on the measurement of central bank autonomy. We distinguish inputs that constitute the building blocks in the literature, and the literature that builds more...

Author/Editor: Jean-François Segalotto, Marco Arnone, Bernard Laurens.

Release Date:October, 2006

This paper presents an update of the Grilli-Masciandaro-Tabellini (GMT) index of central bank (CB) autonomy, based on CB legislation as of end-2003. The index is applied to a set of OECD and more...

Author/Editor: Marco Arnone, Piero Ugolini.

Release Date:February, 2005

In the past 10 years a growing number of countries have established or began establishing a primary dealer system. This paper discusses the role of primary dealers, as well as theoretical, more...

Author/Editor: Marco Arnone, Luca Bandiera.

Release Date:July, 2004

Electronic money (e-money), as a network good, could become an important form of currency in the future. Such a development could affect monetary policy effectiveness. If an increased use of e-money more...

Author/Editor: George Iden, Marco Arnone.

Release Date:March, 2003

In many countries, authorities have designated a group of financial firms as the principal intermediaries in the government securities market-referred to as primary dealers or a primary dealer more...