In this paper we analyzed the effect of the accumulation of foreign exchange reserves to economic growth in emerging countries. In order to empirical estimates of the impact of foreign exchange reserves to economic growth in emerging countries, were collected annual data on real GDP per capita,...

Transparency is most often defined as the absence of asymmetrical information between financial markets and monetary policy makers. There are different views on the central bank transparency (Assuring, Exacting, Irrelevance, Conditional, Disturbing and Diverting view). The examination of the...