In the span of 15 years, central bank transparency has gone from being highly controversial to motherhood and apple pie (or knighthood and fish and chips to the Bank of England–based authors of this paper). It is now an accepted broad goal to which all central banks pay at least lip service. Yet, like many other broad concepts in macroeconomic policy, such as “fiscal discipline” or “price stabi...

Introduction On his first day in office, President Barack Obama issued a memorandum urging that the ―[g]overnment should be transparent,‖ and that his administration would ―take appropriate action...to disclose information rapidly.‖ 1 This is just one of the many recent efforts to promote governmental transparency. Since around the 1990s, transparency— accessibility and availability of governme...

As the above quote highlights most people engaged in monetary economics claim to be in favor of central-bank transparency. So why is there such a ferocious controversy in the recent academic literature and in the newspapers about the transparency of monetary policy? In fact, almost no one involved in the political discussion about the transparency of the European Central Bank (ECB) actually den...

Once the responsibilities of central bank increases, developing good governance for achieving its different aims to satisfy the required statutory power becomes more complicated. In the case of the central bank of Islamic republic of Iran - as monetary policymaker and supervisor-this issue is valid as well. Considering the necessity of independency, accountability, and transparency for developi...

Full, on-time, and with Quality disclosure of financial information can lead to the transparency of such information and decreases information asymmetry. Among the published information of firms, earnings are of priority importance attended by many users; therefore, the issue of the transparency of accounting earnings is of high importance. The aim of this study is investigating the accounting ...

Greater transparency and disclosure of bank activities will not prevent future banking crises unless appropriate monetary, fiscal, and regulatory policies are also adopted. Nonetheless, greater disclosure of banking problems can reduce the costs of banking crises, even if transparency is not a panacea for preventing banking crises. key words: Disclosure, Transparency, Banking Crisis This paper ...