| Author | Das, Birendra Chandra |
| Subject(s) | Bank and banking
|
| Note | A project submitted in partial fulfillment of the requirements for the degree of Professional Masters in Banking and Finance (PMBF), School of Management |
| Publisher | Asian Institute of Technology |
| Abstract | The aim of this study is to establish a model for measuring central bank independence of Bangladesh and Sri Lanka and put forward some recommendations for improvement of central bank independence. The independence of a central bank can be divided into two types, formal and informal. Only formal independence can be measured by a model. There are five major areas of formal independence; Legal Independence, Financial Independence, Policy Independence, Regulatory Independence and Other Contemporary Areas of Independence. These are so closely interrelated qualities of independence. Some previous studies reveal that, independence level of central bank in Bangladesh and Sri Lanka are increasing. In this model 40 different variables are used to measure central bank independence. The measurement is also simplified. Each area of independence has the same weight and further divided into variables. The numbers of variables are not the same under each area. The highest independence level is 100% and the lowest level of independence is 0%. Using this model, central bank independence is measured and found the level of independence has increased in both of the countries. Central Bank of Sri Lanka has a higher level of independence than Bangladesh Bank. The scores are 87.32% and 86.57% respectively |
| Year | 2015 |
| Type | Project |
| School | School of Management (SOM) |
| Department | Other Field of Studies (No Department) |
| Academic Program/FoS | Master of Business Administration (MBA) (Publication code=SM) |
| Chairperson(s) | Donyaprueth Krairit;Weerakoon A. Wijewardena; |
| Examination Committee(s) | Badir, Yuosre; Venkatesh, Sundar; |