The book succeeds in providing a panoramic view of issues that have confronted the economy over the last two decades, a period that has been exciting for the Indian economy with the country moving from the throes of despair at the beginning of the decade of the 90s to a period of heady growth and further, to the present, when we are facing multiple challenges.
To give you the main message upfront: the legal framework of the European Economic and Monetary Union assigns the ECB’s monetary policy with the primary objective of maintaining price stability. It outlines the set of monetary policy instruments in general and provides the Governing Council with broad discretion in the choice of these instruments to achieve its objective.