Newly independent Bank of Japan reduces information disclosure
Newly independent Bank of Japan reduces information disclosure
To assess the economy and the role of the central bank, data on bank credit creation is crucial. Such data is produced by the central bank, creating a conflict of interest. The Japanese central bank, like many other central banks, only publishes such data after substantial time delays, although available to the central bank virtually in real time. Furthermore, the central bank has stopped the publication of detailed disaggregated credit data, which is vital for economic analysis and the application of the Quantity Theory of Credit (Werner, 1992, 1997)
Werner, Richard A.
dc217378-eb19-4592-9be4-ab5f847b74a1
18 August 1998
Werner, Richard A.
dc217378-eb19-4592-9be4-ab5f847b74a1
Werner, Richard A.
(1998)
Newly independent Bank of Japan reduces information disclosure.
Economist (Japan).
Abstract
To assess the economy and the role of the central bank, data on bank credit creation is crucial. Such data is produced by the central bank, creating a conflict of interest. The Japanese central bank, like many other central banks, only publishes such data after substantial time delays, although available to the central bank virtually in real time. Furthermore, the central bank has stopped the publication of detailed disaggregated credit data, which is vital for economic analysis and the application of the Quantity Theory of Credit (Werner, 1992, 1997)
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Werner_Economist_August_1998_Credit_data_disclosure_BoJ.pdf
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Published date: 18 August 1998
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Centre for Digital, Interactive & Data Driven Marketing
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Local EPrints ID: 343175
URI: http://eprints.soton.ac.uk/id/eprint/343175
PURE UUID: c53f3cff-3fb6-4aed-b9b0-3833a1b1fa87
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Date deposited: 19 Oct 2012 13:42
Last modified: 14 Mar 2024 12:01
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Author:
Richard A. Werner
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