Monetary Integration and Dollarization: No Panacea

Front Cover
Matias Vernengo
Edward Elgar Publishing, Jan 1, 2006 - Business & Economics - 320 pages
This book brings together an impressive and diverse group of authors to discuss its central theme: whether or not the dollarized international monetary system is sustainable in the context of the global economy it helped create. In addition to its uniquel
 

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Contents

I
13
II
28
III
61
IV
79
V
93
VII
109
VIII
132
IX
149
XI
198
XII
218
XIII
245
XIV
259
XV
276
XVI
287
XVII
295
Copyright

X
176

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Page 19 - When exercising the powers and carrying out the tasks and duties conferred upon them by this Treaty and the Statute of the ESCB, neither the ECB, nor a national central bank, nor any member of their decision-making bodies shall seek or take instructions from Community institutions or bodies, from any government of a Member State or from any other body.
Page 19 - In order to achieve the objectives of the ESCB and to carry out its tasks, the ECB and the national central banks may: - operate in the financial markets by buying and selling outright (spot and forward) or under repurchase agreement, and by lending or borrowing claims and marketable instruments, whether in Community or in non-Community currencies, as well as precious metals: - conduct credit operations with credit institutions and other market participants, with lending being based on adequate collateral.
Page 19 - The ECB shall establish general principles for open market and credit operations carried out by itself or the national central banks, including for the announcement of conditions under which they stand ready to enter into such transactions.
Page 19 - Statute of the European System of Central Banks and of the European Central Bank.

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