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This paper explores the evolving relationship between central banks and governments in the European monetary unification process. In particular, it focuses on the institution-building phase (setting up of the ECB) and the monetary and macro-economic policy mix within EMU. I attribute the...
Persistent link: https://www.econbiz.de/10005157615
monetary and financial conditions shape the targets and tools of central bank cooperation? What factors influenced its … bank cooperation through history was ultimately directed to ensuring monetary and financial stability, the conception of … intensity of central bank cooperation was influenced by the state of international relations, the prestige and degree of …
Persistent link: https://www.econbiz.de/10005063359
Central bank cooperation depends on a few crucial parameters: the extent to which central bankers agree on theory (end … institutional) to achieve their collective goals; and whether the broader political environment facilitates or impedes cooperation … backgrounds. These conditions may be conducive to high levels of cooperation in the future. Second, I explore the "easiest" form …
Persistent link: https://www.econbiz.de/10005121438