Is it easier for a central bank to be independent in a, Finance Basics

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Is it easier for a central bank to be independent in a

1. How is the European Central Bank organized? What special problems does it confront? What difficulties did it encounter during the financial crisis of 2007-2009?

2. Is it easier for a central bank to be independent in a high-income country or in a low-income country? What implications does your answer have for what the average inflation rate is likely to be in high-income countries as opposed to low-income countries?

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