## Abstract In this paper we analyse the ESCB as a federal central bank system. First, the degree of decentralization of the ESCB will be briefly compared with its predecessor, the Deutsche Bundesbank, and its counterweight in the US, the Federal Reserve System. Moreover, the development during the
โฆ LIBER โฆ
The issue of instability in a simple policy game between the central bank and a representative union
โ Scribed by Giovanni Di Bartolomeo; Wilfried Pauwels
- Publisher
- Springer US
- Year
- 2006
- Tongue
- English
- Weight
- 225 KB
- Volume
- 126
- Category
- Article
- ISSN
- 0048-5829
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imperfect markets for land, capital, and insurance; \* inadequate and non-transparent corporate governance; \* breakdown of trading networks for input supply and output distribution; \* collapse of agricultural research, extension, and technology transfer; \* missing market information; \* modulatin