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The article deals with the role of the central banks in advanced market economies and the theoretical possibility of abolishing these institutions. Central banks have monopolies in some areas, especially regarding monetary policy. In many countries, central banks also have monopolies in other...
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backed by gold or by other bank reserves, and so monetary policy should be primarily oriented to the quality of money, i ….e., to price stability. This is the main or one of the main goals of current central bank monetary policy in market economies …
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