P/E/193. Dissertation. Investigation into the relationship between central banking and levels of inflation.

The dissertation looks at the concept of bank independence presenting a survey of theoretical studies devoted to independent central banks, monetary policy, etc. The inverse relationship between central bank independence and the levels of inflation is discussed. Two indices, namely, Grilli, Masciandaro and Tabellini index and Bade and Parkin index are used to prove this assumption. The conclusion is made about the need of developing new updated indices to determine a relationship between central banking and levels of inflation.