How Other Central Banks Work.

World and I, April, 1999 by SIBERT, ANNE

Global price stability can be achieved by using specific strategies. Central banks should be provided with an inflation target, and be permitted to reach that goal without interference by the government. Transparency and accountability should be increased for all bank operations. Central banks should also be given efficient policy-making structures.

A nation's ability to control inflation depends on the structure of its central bank and the relationship between the central bank and the government.

Anation's ability to control inflation depends on the structure of its central bank and the relationship between the central bank and the government. Central banks vary widely in their structure and effectiveness at maintaining price stability.

Perhaps the...

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