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Possibly, best independent central bank is Bundesbank - The central bank of Germany. A high German professional etiquette Provides quality of decisions accepted by its heads, and national Memory of two hyperinflations of this century - their political support.

However the similar combination of favorable conditions meets less often, than them

Absence. Besides, examples of last years, in particular imposed by the chancellor

Political ends and forced Bundesbank to lift percent rates, indirectly Having provoked currency shocks of 1993, has shown limitation Independence of the central bank.

Insufficient efficiency of the central banks in struggle against inflation induces

To acceptance of special measures for strengthening of responsibility of their heads for

Maintenance of monetary stability. One of curious technical decisions in

This communication it is carried out recently in New Zealand: the central bank of this country

Operates on the basis of the contract on which it takes up obligations

On a non-admission of inflation above the level established in the contract, and

Default is punished by penal sanctions. It is necessary to notice that though the good independent central bank can To limit inflation - the state monetary misinformation, it nevertheless in Principle it is not capable to supply a society with such money which were

"Currency Board" or "Currency chamber" - the name of monetary system, at

By which the country monetary unit is rigidly adhered to currency and a financial system

Stable and economically powerful country, or to a basket of currencies.

The Currency chamber is the establishment which is letting out bank notes with

Firm course in relation to parent currency (or to a set of currencies) from 100 %

Maintenance with reserves in it. For it reliability these reserves can

To be stored out of availability of local politicians in private banks. In the second

To half of XX-th century Currency chambers were the conscious innovation called

To provide stability of the upset monetary circulation. Using Currency chamber, the country limits the monetary sovereignty of the The governments. What does it receive in exchange? 1) Local currency, same firm, as well as parent currency. In a role Parent currencies the English pound, the French franc, American acted Dollar, DM, currency basket. 2) Percent on the reserves stored in banks. This percent gives the essential Economic prize from use of banknotes of Currency chambers instead of Parent currency.

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Free Business Desktop Icons Free Business Desktop Icons is a collection of 10 ready icons for use in commercial and personal products, such as software, websites, blogs, and presentations. The images are free for personal, frequent and commercial use.

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