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The European Central Bank

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image for OpenScout resource :: The European Central Bank

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The establishment of the ECB and with it the launch of the euro has arguably been a unique endeavor in economic history, representing an important experiment in central banking. This note aims to summarize some of the main lessons learned from this experiment and sketch some of the prospects for the ECB. It is written for /The New Palgrave Dictionary of Economics/, 2nd edition.

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Michael Binder, Volker Wieland

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Adapt according to the presented license agreement and reference the original author.