Central Bank Transparency: Causes, Consequences and Updates
---- Acknowledgements ----
State Planning Organization, Ankara, and University of California, Berkeley, respectively. An earlier version of this paper was presented to the conference on Money Matters: The Law, Politics and Economics of Currency, held at Tel Aviv University on 7-9 January 2009. We are grateful to Tal Sadeh and other conference participants for helpful comments. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.