Theoretical and Applied Economics
No. 8 / 2012 (573)
Central Bank independence
Bucharest Academy of Economic Studies
Tiberiu STOICA
Bucharest Academy of Economic Studies
Abstract. In this paper we present the key aspects regarding central bank’s independence. Most economists consider that the factor which positively influences the efficiency of monetary policy measures is the high independence of the central bank. We determined that the National Bank of Romania (NBR) has a high degree of independence. NBR has both goal and instrument independence. We also consider that the hike of NBR’s independence played an important role in the significant disinflation process, as headline inflation dropped inside the targeted band of 3% ± 1 percentage point recently.
Contents
The new economic geography and regional policy in Romania
Recent evidence on concentration and competition in Turkish banking sector
Solutions against crisis applicable to the oro-dental health system in Romania
The bad public decisions’ ripple – setting the education off balance. Marketing simulation – education design decisions
Prepayment risk, impact on credit products
Financial stability, monetary policy and budgetary coordination in EMU
Central Bank independence
Re(De)-Forming public administration: an expert outlook on reform planning in Romania
The economic crisis – implications on methods and instruments used in quality of life studies
The Wagner hypothesis from the perspective of the Romanian economy
Effects of interest rate, exchange rate and their volatilities on stock prices: evidence from banking industry of Pakistan
Considerations on hospital financing in the context of health care decentralization