1. Countries with the greatest monetary stability, it admitted, keep their central banks free of political control. 2. For economists who regard the pursuit of price and monetary stability as the key economic objective, Keynesian type expansion of aggregate demand would not be acceptable. 3. The objective of the EMS was defined to be the creation of a zone of monetary stability in Europe through the monetary cooperation among the EC member countries. 4. Further, it is important to consider the concept of monetary stability. 5. The UPF manifesto proclaims commitment to monetary stability and exchange rate mechanism co-operation, and is reinforced by a promise to make the Bank of France independent. 6. All EU nations agree on the need for fresh measures to ensure monetary stability. 7. But despite the hard-won monetary stability, economists are warning there could be danger ahead. 8. Concern that central banks no longer need gold as a tool of monetary stability has been dominating the market. 9. European Union and U.S. officials dismissed French demands to focus on monetary stability in a new wide-ranging trade and political accord signed today by U.S. President Bill Clinton. 10. France last month managed to include a reference to monetary stability in a draft version of the accord, which was approved at a meeting of EU foreign ministers. |