Word: budnesbank
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Dates: during 2000-2009
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...mandate of the ECB, as well as its leaders’ beliefs, differs significantly from that of the American Fed. Since its inception in the Maastricht Treaty of 1992, and largely due to the powerful influence of the conservative German Budnesbank, the ECB’s main charter goal is not to ensure growth (and the political survival of politicians in office). Rather, it is to “maintain price stability...
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