Cristian GHEORGHE
Abstract
The role of central banks in promoting monetary stability is wellknown. Modern central banking laws are usually explicit on makingmonetary stability the core objective of central banks. Also, other competing objectives are sometimes added to the central bank’s mandate, such as growth and full employment.
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The role of central banks in promoting monetary stability is wellknown. Modern central banking laws are usually explicit on makingmonetary stability the core objective of central banks. Also, other competing objectives are sometimes added to the central bank’s mandate, such as growth and full employment.
Key concepts: Mandate, Financial stability, Central bank, Financial system, Core (optical fiber), Stability (learning theory), Business, Monetary system