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22 March, 09:28

Currently, all the national central banks in the Eurosystem are involved with the implementation of monetary policy. What do you think the advantage would be of centralizing the conduct of these day-to-day interactions with financial markets at the ECB in Frankfurt?

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  1. 22 March, 09:58
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    The main advantage would be in term of efficiency

    Eaurosystem as one large integrated market as opposed to a connection of separate national market segment

    A possible disadvantage is loss of local market knowledge
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