On the European System of Central Banks: A Note
As we got close to the Maastricht Conference, a scramble to work out an agreement to start the second phase of European Monetary Unification was taking place. In addition to the Maastricht meeting, the publication, at the beginning of 1991, of a tentative outline for a European System of Central Banks has given free rein to academic reflections on the most important features to be conferred to the ESCB, which it is asssumed will be the core around which the European Political Union will be aggregated.
KeywordsMonetary Policy Central Bank Price Stability Central Bank Independence Effective Demand
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