Analysis of independence of the central banks of the Russian Federation, the CIS and East European countries (press-release)

The IET's press-office informs of a new research paper (No. 133) entitled "Analysis of independence of the central banks of the Russian Federation, the CIS and East European countries" (M.: IET, 2010. – 76 p.) by Trunin P.V., Kniazev D.A. and Satdarov A.M. was published under the series "Research Papers".

On the basis of an overview of theoretical and empirical studies on central banks’ independence, the paper assesses the independence of the central banks of the former USSR republics including the RF, as well as those of East European countries. An analysis of the potential existence of a relationship between the banks’ independence and some major economic indices, such as inflation, economic activity, and budget deficit, was also performed.

The publication of the present paper was sponsored with the grant from the United States Agency for International Development (USAID).