Vices of monetary policy must be addressed: ECB's Stark

Juergen Stark

Jürgen Stark, a member of the European Central Bank's executive board, on Tuesday said central banks should review the way monetary policy is conducted in a highly globalised economy to reinforce their independence and price stability mandates.

At the Federal Reserve Bank of Dallas in Texas, Stark said the virtuous view of the relationship between globalisation and monetary policy came to an abrupt end in September 2008. "While policy-makers in different areas of the economy were thought to have

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