Variable: Central Bank Independence Extended Index

QoG Code: (cbie_index)


Dataset: Data on Central Bank Independence

Description:

Average of the scores across these six dimensions of the index, i.e. the raw average of the four components:
(1) governor and central bank board,
(2) monetary policy and conflict resolution,
(3) objectives,
(4) limitations on lending to the government,
(5) financial independence and
(6) reporting and disclosure.

The index ranges from 0 to 1 where 0 corresponds to the lowest level of independence to 1, the highest level.

This extended index incorporates the characteristics of both the GMT and CWN indices and, includes new criteria that capture good practices in central bank financial independence and reporting and disclosure.

This index is in a scale from 0 to 1 where 1 indicates more central bank independence.

For more details about the construction of this index, please visit https://academic.oup.com/economicpolicy/article/37/112/641/6516019

Type of variable: Continuous

Downloaded by QoG on: 2023-10-20
Last updated by source: 2022-03-04


Categories:

Public Economy


Find this variable in:

Basic Cross-section - 2024 Basic Time-series - 2024 OECD Cross-section - 2024 OECD Time-series - 2024 Standard Cross-section - 2024 Standard Time-series - 2024 Original Dataset

Details of this variable in our compilations datasets
Dataset No. Countries
Basic cross-section: 153
Basic time-series: 157
Standard cross-section: 153
Standard time-series: 157
OECD cross-section: 37
OECD time-series: 39

Dataset Available for years:
Standard time-series: 1946-2023
Basic time-series: 1946-2023
OECD time-series: 1946-2023

This variable has information for these countries:

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