Monetary Frameworks : Is There a Preferred Option for the European Central Bank? /
This paper discusses how the size of the monetary union in Europe can influence the choice of the monetary framework. The main conjecture is that the European Central Bank ought to target inflation if monetary union is confined to a 'core' group of countries. However, the decision on wheth...
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| Format: | Journal |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
1997.
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| Series: | IMF Policy Discussion Papers; Policy Discussion Paper ;
No. 1997/006 |
| Online Access: | Full text available on IMF |