Boss, Alfred; Gern, Klaus-Jürgen; Meier, Klaus-Jürgen; … - Institut für Weltwirtschaft (IfW) - 1999
ECB—as well as the American Federal Reserve Board—does not follow a target for exchange rates. According to the Stability …Since the fall of last year, EMU countries have experienced a slowdown in economic activity triggered by a deceleration … higher than the reference value announced by the ECB (4.5 percent); narrow money has expanded twice as fast as M3. In …