How Do Central Bank Governors Matter? Regulation and the Financial Sector

Prachi Mishra · Ariell Reshef Y

52 citations0/0 files storedJournal of money credit and banking

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Banking stability, regulation, efficiency Monetary Policy and Economic Impact Global Financial Regulation and Crises

Abstract

Abstract Do past employment characteristics of central bank governors affect financial regulation? To answer this question, we construct a new data set based on curriculum vitae of all central bank governors around the world in 1970–2011. We interpret work experiences as indicators of preferences toward deregulation. Over the average duration in office (5.6 years), a governor with financial sector experience is associated with three times more deregulation than a governor without experience in finance. Similar results hold for past experience at the IMF; in contrast, past experience at the BIS and the UN are associated with less deregulation.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 52 citations exist upstream.

References

1981Biases in Dynamic Models with Fixed Effects 1971The Theory of Economic Regulation 1977Rules Rather than Discretion: The Inconsistency of Optimal Plans 2003Managing with Style: The Effect of Managers on Firm Policies 1985The Optimal Degree of Commitment to an Intermediate Monetary Target 1983Rules, discretion and reputation in a model of monetary policy 1990An Illustration of a Pitfall in Estimating the Effects of Aggregate Variables on Micro Units 1992Measuring the Independence of Central Banks and Its Effect on Policy Outcomes

Cited by

2020Do old habits die hard? Central banks and the Bretton Woods gold puzzle 2022The power of folk ideas in economic policy and the central bank–commercial bank analogy 2018Financial Crisis: The Capture of Central Banks by the Financial Sector?2020Does Competence of Central Bank Governors Influence Financial Stability?

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.