The Maastricht Treaty, which established the European Central Bank, states that the governments of the countries in

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The Maastricht Treaty, which established the European Central Bank, states that the governments of the countries in the European Monetary Union must not seek to influence the members of the central bank’s decision-making bodies. Why is freedom from political influence crucial to the ECB’s ability to maintain price stability?

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Money Banking and Financial Markets

ISBN: 978-0078021749

4th edition

Authors: Stephen Cecchetti, Kermit Schoenholtz

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