State the term - monetary policy coordination, Business Law and Ethics

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State the term - monetary policy coordination

Criticisms have been put forward on proposals for enhanced fiscal and monetary policy coordination. This policy coordination might help to solve the problems of social choice and collective action, but in so doing it jeopardises the credibility of monetary policy. Since monetary credibility is an overarching principle in the design of EMU, politicians and economists alike have largely discounted common policy as a realistic cure.

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