Title: Central bank and economic development: a bibliometric review of relevant literature, current streams and directions for future research

Authors: Haitham Nobanee; Hiba Zaki Shanti; Lama Alsaiari; Bettylucille Hillebrand; Nadeen Hassanain; Karen Telan; Sondos Alas'ad; Baraa AlShalabi; Huda Noor; Rania Elhossary; Layal Khalaf

Addresses: College of Business, Abu Dhabi University, Abu Dhabi, UAE; Oxford Centre for Islamic Studies, University of Oxford, Oxford, England, UK ' College of Business, Abu Dhabi University, Khalifa City, Abu Dhabi, UAE ' College of Business, Abu Dhabi University, Khalifa City, Abu Dhabi, UAE ' College of Business, Abu Dhabi University, Khalifa City, Abu Dhabi, UAE ' College of Business, Abu Dhabi University, Khalifa City, Abu Dhabi, UAE ' College of Business, Abu Dhabi University, Khalifa City, Abu Dhabi, UAE ' College of Business, Abu Dhabi University, Khalifa City, Abu Dhabi, UAE ' College of Business, Abu Dhabi University, Khalifa City, Abu Dhabi, UAE ' College of Business, Abu Dhabi University, Khalifa City, Abu Dhabi, UAE ' College of Business, Abu Dhabi University, Khalifa City, Abu Dhabi, UAE ' College of Business, Abu Dhabi University, Khalifa City, Abu Dhabi, UAE

Abstract: Central banks and economic growth are two vital components in constructing a country that aid in increasing output, employment rates and economy. Central banks are crucial to economic growth because they ensure financial and economic stability. This research paper aims to better understand the role of central banks in economic growth through the application of bibliometric analysis. The analysis resulted in identifying six streams related to the research topic: unemployment, financial crisis, financial system, inflation, interest rate and capital movement. Additionally, the relationship of central banks and economic development is primarily examined in terms of inflation impact, monetary policy and developing economies. Another key finding of this research states that the financial crisis may have appeared recurrently as it had influenced many central banks to develop robust policies.

Keywords: bibliometric analysis; central banks; cluster analysis; economic development; economic growth; financial crisis; inflation; interest rate; monetary policy; VOSviewer.

DOI: 10.1504/IJDIPE.2023.134636

International Journal of Diplomacy and Economy, 2023 Vol.9 No.2, pp.131 - 159

Received: 06 Apr 2022
Accepted: 19 Aug 2022
Published online: 01 Nov 2023 *

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