Identifying and Determining the Importance of Central Bank Transparency Measurements, Capital Market Reaction Metrics, And Micro and Macro Factors Affecting Capital Market Reaction Using Delphi and Dimtel Fuzzy Method

Abstract

Central Bank Transparency In Aspects such as Monetary Policy and Analysis of Macro-Economic Variables by Central Banks has an important role in publishing information to money and capital markets in relation to capital decisions and Examining the prospective trajectory of the economy, Consequently, it can bring the reaction of the money and capital market in dimensions such as a change in the level of systemic risk and the market's expected rate of return. In the past, all monetary policy decisions were made secretly, but since the 1990s, when transparency became the focus of central banks, a paradigm shift occurred and gradually central banks committed to transparency in monetary policy decisions and analysis of their economic conditions.