Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/93250
Authors: 
Homburg, Stefan
Year of Publication: 
1997
Citation: 
[Journal:] The European Journal [ISSN:] 1351-6620 [Publisher:] The European Foundation [Place:] London [Year:] 1997 [Pages:] 13
Abstract: 
The article points out that monetary stability does not hinge upon formal central bank independence. The reason is that the legislator can easily restrict that independence by changing the law. Because the EU council as the true legislator does not face effective supervision by the citizens it is likely that it will behave as a leviathan.
Subjects: 
Euro
EMU
JEL: 
E42
Document Type: 
Article

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