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ECB

Page history last edited by PBworks 15 years, 6 months ago

 

The European Central Bank:

 

The ECB (unlike the Federal Reserve in the United States of America) does not have a second objective to sustain growth and employment.  The ECB does not have a dual mandate.  Instead, all they focus on is inflation, and not on the growth of the economy.  On the positive side,  this is why the ECB doesnt lower interest rates too low creating asset bubbles.  But on the negative side, this causes the ECB to be conservative and not focused on growth, employment, jobs, etc.

 

see also:  European Banking Industry

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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