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Focusing on the European Central Bank's critical role, the essay explores its primary objective of formulating a unified monetary policy. As the exclusive issuer of banknotes and reserves, the bank holds a monopoly over the monetary base, equipping it with the essential tools to implement effective monetary policy. This examination highlights the institution's significance in shaping economic stability within the Eurozone.
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European Monetary Policy. Focusing on the Aim of Price Stability, Michael Frei
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- 2015
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