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Central banks have evolved for close to four centuries. This paper argues that for two centuries central banks caught up to the strategies followed by the leading central banks of the era; the Bank of England in the eighteenth and nineteenth centuries and the Federal Reserve in the twentieth...
Persistent link: https://www.econbiz.de/10012453864
loss of credibility is found. Second, the frequency with which the world economy experiences economic and financial crises …
Persistent link: https://www.econbiz.de/10012457842