Abstract
The previous sections analysed the pros and cons of advantageous monetary policy instruments in Europe from a variety of perspectives. Some of these arguments are no longer suited to the situation of the institutions today, but in many cases, the weighting to be attached to controversial positions is also a question of political objectives. To simplify orientation, the continuum of positions which can be formed from combinations of different arguments will be reduced to three key concepts: a “lean”, a “conservative” and a “decentralized” concept.
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© 1997 Springer-Verlag Berlin Heidelberg
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Menkhoff, L. (1997). Discussion of alternative concepts. In: Monetary Policy Instruments for European Monetary Union. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-662-03412-5_4
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DOI: https://doi.org/10.1007/978-3-662-03412-5_4
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-642-08287-0
Online ISBN: 978-3-662-03412-5
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