Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/299094 
Year of Publication: 
2024
Citation: 
[Journal:] Journal of Central Banking Theory and Practice [ISSN:] 2336-9205 [Volume:] 13 [Issue:] 1 [Year:] 2024 [Pages:] 89-116
Publisher: 
Sciendo, Warsaw
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.
Subjects: 
Financial Fragility
International Monetary Policy
Central Bank Independence
System GMM
JEL: 
C33
E52
E58
F42
G00
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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