عنوان

The influence of the banking sector on central bank independence and inflation control :

Number

TLets600674

Title Proper

The influence of the banking sector on central bank independence and inflation control :

General Material Designation

[Thesis]

First Statement of Responsibility

Nasser, Yassar

Title Proper by Another Author

the case of Lebanon between 1985 and 1991

Subsequent Statement of Responsibility

Nellis, Joe

Name of Publisher, Distributor, etc.

Cranfield University

Date of Publication, Distribution, etc.

2008

Dissertation or thesis details and type of degree

Thesis (D.B.A.)

Text preceding or following the note

2008

Text of Note

A substantial amount of prior research has focused on the relation between Central Bank Independence (CBI) and inflation control. However, this research is mainly theoretical or conducted using cross-country statistical regressions and correlations in the developed world. Little attention has been given to understanding this relation in emerging nations or the influence of interest groups on CBI and inflation in a specific context. This thesis addresses both gaps by conducting an in-depth observation and analysis of this relation in a single country (Lebanon) and the influence of the banking sector on both CBI and inflation during a period of high inflation. This empirical evidence in the case of Lebanon shows that Central Bank Independence from the government - even though abundant and complete - was not enough to control inflation. The influence of the banking sector on both CBI and inflation was more important. This work makes a contribution to knowledge through highlighting the importance of national contexts when evaluating the CBI-inflation relation. Furthermore, this research extends our understanding of the literature and its gaps, and presents a new way to conduct in-depth studies in the field. Finally, it provides practical insights that are of importance to central bankers, especially in emerging nations.

Central Bank Independence ; inflation ; Lebanon ; interest groups ; Financial Sector ; Opposition to inflation (FOI) ; Political Economy ; Banks

Nasser, Yassar

Nellis, Joe

Cranfield University

Electronic name

p

[Thesis]

276903

a

Y