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  • 标题:THE EUROPEAN CENTRAL BANK’S MONETARY POLICY UNDER GLOBALIZATION
  • 本地全文:下载
  • 作者:Heteş Roxana Crâşneac Alexandru
  • 期刊名称:Annals of the University of Oradea : Economic Science
  • 印刷版ISSN:1222-569X
  • 电子版ISSN:1582-5450
  • 出版年度:2009
  • 卷号:XVIII
  • 期号:03
  • 出版社:University of Oradea
  • 摘要:Globalization has fundamentally changed many areas of modern society, such as media, culture, politics and, even more, modern finance. National financial systems have become inter- dependent and moved towards an integrated financial system on a world level. Financial markets are now increasingly globalized, information flows much more rapidly around the globe and, through the telecommunication systems, can change the expectations of market participants in a split second. The euro area is an important part of this globalized world, and the Eurosystem, as one of the major players, has in this respect a special responsibility. Stability in the euro area through a stable internal value of the euro is the only means by which this responsibility can be met and the single monetary policy can contribute to the stability of the world economy.
  • 关键词:globalization, central bank, monetary policy, price stability, inflation
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