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Why Doesn't Society Minimize Central Bank Secrecy?

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NBER1990-07-01 更新2025-01-04 收录
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Societies have incentives to design institutions that allow central bank secrecy. This paper illustrates these incentives in two ways. First, if society tries to constrain secrecy in one way, central bankers will try to regain lost effectiveness by building up secrecy in other ways. Therefore, we

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1990-07-01
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