An introduction to co-ordination chemistry (Graddon, D. P.)

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Independence and Co-ordination –

* The views expressed in this paper are personal. Most outsiders tend to base their analysis of the future of the Eurosystem on the shape of the Federal Reserve System in the US. This paper argues that the US model is inappropriate. It suggests that the Eurosystem is pursuing a different arrangement, where the balance of power in the national central banks rather than in the centre may continue...