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: the transparency and credibility of decision making and the ECB's decentralized structure. After showing that transparency … in decision making enhances credibility, the book discusses the ECB's efforts at openness, its political independence as …
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This paper examines the important but not often discussed issue of accounting in central banks. It highlights the distinguishing factors that make the financial statements of central banks unique relative to those produced by other bodies. We begin by explaining why central banks produce...
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