Explain how the structures of both the Fed & the ECB protect the independence of the Central Bank. Evaluate the arguments for and against this independence. What is your opinion?
Compare the structure of the Fed. with that of the ECB What are the differences?
If there is a financial crisis. which tool (tools) should the Central bank use If there are daily market instabilities, which tool would the CB use?
If there are predictable seasonal fluctuations in the Ms. which tool would the Central bank use?
What is the reason for having three different time trames Ior Lb targeting:
What are the criteria of choosing the targets?
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