34 research outputs found

    Central bank indepedence and inflation performance in transition economies: new evidence from a primary data approach

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    In this paper we investigate the impact of Central Bank Independence (CBI) on average inflation and inflation variability for 22 transition economies over the time period of 1991-2003. We devise a new index to represent actual CBI rather then legislative independence. The empirical evidence suggests that Central Bank Independence lowers both average inflation and inflation variability

    The changing role of central banks in market economies

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    Among the main reasons for the emergence of central banks in Europe were the wars that ravaged the continent from the 17th century onwards and the consequent pressure this exerted on government finance. In brief, governments granted monopoly power over the note issue to a commercial bank and in return were given privileged borrowing facilities. This marked the beginning of the 'special relationship' between governments and their central bank. However, in most cases, recent years have witnessed enormous changes in the nature of this relationship. In particular, since the beginning of the 1990s, many governments have become convinced that the way to ensure price stability is to sever the institutional links between government and the central bank, leaving the latter to manage monetary policy free from political interference. The focus of this paper is on the historical developments, which have underpinned this new monetary orthodoxy

    On-line surveys in international marketing research: pros and cons

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    In a recent article on conducting international marketing research in the 21st century (Craig and Douglas 2001) the application of new (electronic) technology for data collection was encouraged. Email and web-based data collection methods are attractive to researchers particularly in international marketing, because of low costs and fast response rates. Yet the conventional wisdom is that, as some people still do not have access to email and the Internet, such data collection techniques may often result in a sample of respondents that is not representative of the population in question. In this article we evaluate multimode strategies of data collection that include web-based, email and postal methods, as a means for the international marketing researcher to obtain survey data from a representative sample. An example is given of a multimode strategy applied to the collection of survey data from a sample of respondents across 100 countries

    Five Little-Known Facts about International Student Mobility to the United Kingdom

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    This article identifies analytical facts about international student mobility to the United Kingdom that have received little or no attention to date. It considers the implications of the relatively shorter duration of higher education degrees in the United Kingdom, the impact of poststudy work opportunities on global international student demand, sustainability of UK research degrees, and the growth in transnational education

    Transnational Pathways to English Higher Education

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    This article studies international students who transfer from transnational education (TNE) courses delivered overseas by UK higher education providers to first degree programmes in England. Transnational students accounted for an estimated 34 per cent of the total international first degree entrants in England in 2012-13. Our analysis shows that transnational students have mitigated declines in direct entry of international students to first degree programmes in 2012-13 and were found to be a major contributor to postgraduate enrolments

    Redefining central bank independence : a pan-national perspective

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    Globally Engaged and Locally Relevant

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    This article examines current pressures on higher education provision and attempts to draw long-term considerations for institutions and policy makers. It calls for a reconceptualization of international higher education, placing global citizenship at the core of its provision. Such education delivery aims to be locally embedded, globally relevant, and centered on the needs and ambitions of a diverse student population.&nbsp
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