Appointments to Central Bank Boards: Does Gender Matter?

Economics Letters, Vol. 155, No. June, 2017

ESSEC Working Paper 1616, September, 2016

19 Pages Posted: 25 Oct 2016 Last revised: 30 May 2017

See all articles by Patricia Charlety

Patricia Charlety

ESSEC Business School - Finance Department

Davide Romelli

Trinity College (Dublin) - Department of Economics; Trinity College (Dublin)

Estefania Santacreu-Vasut

ESSEC Business School

Date Written: September 15, 2016

Abstract

This paper provides the first systematic analysis of the evolution of female and male appointments to central bank boards. We build a novel and unique dataset that tracks appointments and replacements in a balanced panel of 26 OECD central bank boards from 2003 to 2015. We find that the likelihood of appointing a female is higher when a female rather than a male is being replaced and lower when the percentage of women on the board is already high.

Keywords: Boards, Central Banks, Financial Crisis, Gender, Governance

JEL Classification: E5, G2, G3, J16

Suggested Citation

Charléty-Lepers, Patricia and Romelli, Davide and Santacreu-Vasut, Estefania, Appointments to Central Bank Boards: Does Gender Matter? (September 15, 2016). Economics Letters, Vol. 155, No. June, 2017; ESSEC Working Paper 1616, September, 2016. Available at SSRN: https://ssrn.com/abstract=2858167 or http://dx.doi.org/10.2139/ssrn.2858167

Patricia Charléty-Lepers (Contact Author)

ESSEC Business School - Finance Department ( email )

Avenue Bernard Hirsch
BP 105 Cergy Cedex, 95021
France

Davide Romelli

Trinity College (Dublin) - Department of Economics ( email )

Arts Building
Room 3014
Dublin
Ireland

Trinity College (Dublin) ( email )

2-3 College Green
Dublin, Leinster
Ireland

Estefania Santacreu-Vasut

ESSEC Business School ( email )

3 Avenue Bernard Hirsch
CS 50105 CERGY
CERGY, CERGY PONTOISE CEDEX 95021
France

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