Sentences with phrase «lost central bank independence»

Some people believe that these policies will prove too effective and will induce runaway inflation; others believe that they have been largely ineffective but carry significant future costs in the form of financial instability and lost central bank independence.

Not exact matches

In a fiscal emergency, especially under fiat money systems, formerly independent central banks tend to lose their independence and begin printing money to pay the government's bills, more money than is consistent with low inflation.