Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/78075
Authors: 
Remsperger, Hermann
Worms, Andreas
Year of Publication: 
1999
Series/Report no.: 
CFS Working Paper 1999/16
Abstract: 
For some time now the buzzword 'transparency' has been bandied about in the media almost daily. For example, calls were made for greater transparency in the financial system in connection with developments in the Asian financial markets. But the call for greater transparency goes far beyond the financial markets. It is now regarded as a necessary part of good governance demanded of all economic policy makers. As the World Bank's chief economist Joseph Stiglitz put it: 'No one would dare say that they were against transparency (....): It would be like saying you were against motherhood or apple pie.' This paper focuses on transparency in monetary policy, in particular with respect to the European System of Central Bank.
Subjects: 
transparency
monetary policy
ESCB
JEL: 
E58
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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