The Evolution of Monetary Policy Strategies in Europe 87 Goethes Werke - 25

Goethes Werke - 25

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DRAWING UP AN ARCHITECTURAL BRIEF

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The Evolution of Monetary Policy Strategies in Europe 87 Goethes Werke - 25Europe has a rich monetary history. Until recently, its many central banks assigned divergent priorities and pursued policy objectives via different routes. As a result, Europe's past provides fertile ground for those seeking practical guidance to the art ofcentral banking. The importance of this past gained a new dimension with the prospect of Economic and Monetary Union in 1999, as the participating countries were faced with the challenge of