Publication detail

Political Pressure on the National Bank of Slovakia

Author(s): doc. PhDr. Adam Geršl Ph.D., Peter Kukuk
Type: IES Working Papers
Year: 2011
Number: 29
Published in: IES Working Papers 29/2011
Publishing place: Prague
Keywords: political economy, central banks, monetary policy
JEL codes: E52, D78
Suggested Citation: Kukuk, P., Geršl, A. (2011). “Political Pressure on the National Bank of Slovakia” IES Working Paper 29/2011. IES FSV. Charles University.
Grants: GACR 403/10/1235 (2010-2014) Institutional Responses to Financial Market Failures
Abstract: This paper analyzes political pressure on the National Bank of Slovakia, using the Havrilesky (1993) methodology based on media signalling. This methodology allows the pressure on the Central Bank of Slovakia to be compared with the pressure on the central banks to which the methodology was already applied, namely – the U.S. Federal Reserve, the Deutsche Bundesbank and the Czech National Bank. The analysis and the comparison reveals a relatively weak signalling of pressure in media in Slovakia and prevailance of financial sector representatives as the main commentaries on monetary policy of the National Bank of Slovakia in the period before euro adoption.
Downloadable: WP 2011_29_Kukuk, Gersl


Česká Spořitelna


Patria Finance