Abstract
Recently, in many countries both political and monetary authorities have shown an increasing interest in the objective of monetary stability and the position of the central bank. In Western Europe, there is a clear tendency to establish (more) independent central banks and to foster, thereby, monetary stability. According to the Maastricht Treaty, the independent European Central Bank is only committed to the goal of price stability in the final stage of Economic and Monetary Union (EMU) by 1997 or later.
The author wants to express his gratitude to Eric Schaling for his essential support in making this general report.
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© 1994 Springer Science+Business Media Dordrecht
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Eijffinger, S.C.W. (1994). A Framework for Monetary Stability — General Report. In: De Beaufort Wijnholds, J.O., Eijffinger, S.C.W., Hoogduin, L.H. (eds) A Framework for Monetary Stability. Financial and Monetary Policy Studies, vol 27. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-0850-8_28
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DOI: https://doi.org/10.1007/978-94-011-0850-8_28
Publisher Name: Springer, Dordrecht
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