IMF paying closer attention to central bank independence, research shows

Tobias Adrian
Photo: John Harrington

During the International Monetary Fund’s country visits over the past three decades, attention paid to central bank independence has sharply increased, recent IMF research shows.

Using information gathered from technical assistance visits, Tobias Adrian, director of the fund’s monetary and capital markets department, and Ashraf Khan, a senior financial sector expert, plot the number of discussions with monetary authorities about independence from 1980 to 2017.

They find that discussions with

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