EME governors more likely to leave role early
Emerging market economy countries also less likely to limit number of terms governors can serve
Central bank governors rarely leave their jobs early, the Governance Benchmarks 2023 find, but those in emerging market economy (EME) countries are more likely to do so than those in advanced economies.
Among the sample of 43 central banks, the mean number of governors over the last 20 years was four.
Of 40 central banks that answered how many governors had left office before the end of their scheduled term in the past 20 years, a mean figure of just 1.1 governor per central bank had done so
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Governance Benchmarks 2023 – executive summary
Data shows EMEs and advanced economies differing in profits, appointments and policies
Governance Benchmarks 2023 report – the frameworks that underpin central banks
Data reveals differences in profits, appointments and policies among EMEs and advanced economies
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Majority of central banks report profits in most of last five years
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Most central banks satisfied with policy autonomy
EME central banks say they are more likely to face pressure over monetary policy
Some internal policies differ by country income
Central banks likely to have ethics codes and whistleblower policies regardless of national income
Most central banks disclose governors’ salaries
Governors’ salaries show moderate correlation with countries’ per capita GDP