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Having an independent central bank and a stable currency is about more than short term economic benefits and losses, and definitely about more than imports and exports. The perceived benefits are mainly lower inflation and more budgetary discipline, and, if the role of the bank is chiefly to limit inflation and not to stimulate the economy, fewer bubbles.
by nanne (zwaerdenmaecker@gmail.com) on Wed Sep 12th, 2007 at 06:52:23 AM EST
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