Considerable recent debate has focused on to what degree importance should be placed on central bank independence. Outline the arguments for and against the independence of central bank. In your opinion should any importance be attached to the independence of central bank? Explain how your opinion has been informed by recent debates or events.

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Answer The debate surrounding the importance of central bank independence is highly contested and complex Supporters of central bank independence argue that it is essential for the effective managemen... View the full answer