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ion, it incur cost both direct and indirect.

Some other economist (Eijffinger and Hoeberichts and Issing) states that central bank should transparent in such a way that the information which should be known to the public should be disclosed rather than disclosing all the information.

结论-Conclusion

The dispute whether central bank should be more transparent or not is still being discussed immensely by various researchers and policymakers. Most of the economist favour central bank being transparent, as well as according to the study done, it can be understood that central bank being transparent will give a clear cut information to the public regarding the various monitory policies, its decision process as well as its goals and intentions. Moreover by central bank being transparent, it reduces the macroeconomic uncertainty like the interest rates, inflation etc, promotes financial stability and mainly helps the central bank to stand out from the various other banks that is being independent.

参考文献-References

Petra M. Geraats, 'Central Bank Transparency', (2007).
Cruijsen and Eijffinger, 'Actual versus perceived central bank transparency: The case of the European central Bank,' (2007).
Ursel Baumann and Erlend Nier, 'Disclosure, Volatility, and Transparency: An Empirical Investigation into the Value of Bank Disclosure', (2004).
Petra M. Geraats, 'Central Bank Transparency', (2002).
Joseph H. Haslag, 'On Fed Watching and Central Bank Transparency,' (2001).
Georgios Chortareas, David Stasavage and Gabriel Sterne, 'Does it pay to be transparent? International evidence from central bank forecasts,' (2001).
ICMB, 'Why do Central Banks Need to Talk', (2001).
Gary Gorton and Lixin Huang, 'Banking Panics and the Origin of Central Banking', (2001).
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