Central Bank of Bahamas lagging in independence and transparency – IDB
Independence and transparency influence the central bank’s credibility in controlling inflation, economist says
The Central Bank of Bahamas has lagged behind its central bank counterparts in its progression towards independence and transparency, reports the Inter-American Development Bank (IDB).
Nurturing institutions for a resilient Caribbean finds that the central bank in 1973 had greater independence than the average in the Organisation for Economic Cooperation and Development’s (OECD) Latin American countries, and the ‘rest of small economies’ (Rose). Since then its level of independence has remained
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