IMF paper on central bank board membership size

The International Monetary Fund Working Paper "Central bank boards around the world: Why does membership size differ?" analyzes empirically differences in the size of central bank boards across countries.

Defining a board as the body that changes monetary instruments to achieve a specified target, we discuss the possible determinants of a board's size. The empirical relevance of these factors is examined using a new dataset that covers the de jure membership size of 84 central bank boards at the

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