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Creation of a strong, independent central bank.
Today's independent central banks provide a possible template.
Countries with independent central banks are confused about this.
Can he ever be a truly independent central banker?
He supports an independent central bank, a free-floating exchange rate and increased exports.
At the end of the day, independent central banks best guarantee price stability.
They set up an independent central bank to manage the currency and fix monetary policy.
Indeed, political pressures on the ostensibly independent central bank could force its governor to resign.
Stable monetary policy is another standard condition; China lacks an independent central bank.
It took independent central banks, armed with inflation targets, to reassure creditors.
It has built a credible monetary regime, with an independent central bank, along similar lines.
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