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Central Bank Autonomy and Political Decision Process

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Current Issues in Monetary Economics

Part of the book series: Contributions to Economics ((CE))

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Abstract

Since a couple of years central bank independence is a very popular topic in economic literature as well as in the political discussion. There are several reasons for this actual interest:

  • the different proposals concerning the institutional status of the European Central Bank (ECB) as a part of the European Monetary Union (EMU) during the time the Maastricht Treaty was prepared;

  • the critical analysis and the political discussion of the specific regulations of the treaty itself concerning the status of the ECB;

  • the necessity of reforming the banking system and to establish a new central bank law in post-socialist countries in accordance with the transformation of the economic system.

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© 1998 Physica-Verlag Heidelberg

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Kath, D. (1998). Central Bank Autonomy and Political Decision Process. In: Wagner, H. (eds) Current Issues in Monetary Economics. Contributions to Economics. Physica-Verlag HD. https://doi.org/10.1007/978-3-642-99797-6_5

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  • DOI: https://doi.org/10.1007/978-3-642-99797-6_5

  • Publisher Name: Physica-Verlag HD

  • Print ISBN: 978-3-7908-1127-8

  • Online ISBN: 978-3-642-99797-6

  • eBook Packages: Springer Book Archive

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