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Published on Monday, January 15, 2018 | Updated on Monday, January 15, 2018

Monetary policy and bank profitability

Monetary policy took centre stage in the recent international crisis – as a weapon against stagnation and deflation, as an instrument for re-establishing financial stability and, in the case of the euro zone, as a crucial tool for combating the financial fragmentation which at one stage threatened the very survival of the euro.

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