Monetary policies for developing countries: The role of institutional quality

Alesina, 1987, Rules and discretion with noncoordinated monetary and fiscal policies, Economic Inquiry, 25, 619, 10.1111/j.1465-7295.1987.tb00764.x

Barro, 1983, Rules, discretion, and reputation in a model of monetary policy, Journal of Monetary Economics, 12, 101, 10.1016/0304-3932(83)90051-X

Berger, 2001, Central Bank independence: an update theory and evidence, Journal of Economic Survey, 3, 10.1111/1467-6419.00131

Bernanke, 1999

Calvo, 1978, On the time consistency of optimal policy in a monetary economy, Econometrica, 46, 1411, 10.2307/1913836

Cukierman, 1992

Cukierman, 2004, The choice of exchange rate bands: balancing credibility and flexibility, Journal of International Economics, 62, 379, 10.1016/S0022-1996(03)00046-1

Du, 2004, Does insider trading raise stock market volatility?, Economic Journal, 114, 927, 10.1111/j.1468-0297.2004.00249.x

Fisman, 2004, Tax rates and tax evasion: evidence from ‘missing imports’ in China, Journal of Political Economy, 112, 471, 10.1086/381476

Ghosh, 2003

Huang, 2005, Monetary policies for developing countries: the role of institutional quality, vol. 4911

Maskin, 1999, Implementation and renegotiation, Review of Economic Studies, 66, 39, 10.1111/1467-937X.00077

Mauro, 1995, Corruption and growth, Quarterly Journal of Economics, 110, 681, 10.2307/2946696

Persson, 1990

Rogoff, 1985, The optimal degree of commitment to an intermediate monetary target, Quarterly Journal of Economics, 100, 1169, 10.2307/1885679

Shleifer, 1993, Corruption, Quarterly Journal of Economics, 108, 599, 10.2307/2118402

Wei, 2001, Domestic crony capitalism and international fickle capital: is there a connection?, International Finance, 4, 15, 10.1111/1468-2362.00064