+1 862 207 3288 1. How is the European Central Bank organized? What special problems does it confront? What difficulties did it encounter during the financial crisis of 2007–2009?
2. Is it easier for a central bank to be independent in a high-income country or in a low-income country? What implications does your answer have for what the average inflation rate is likely to be in high-income countries as opposed to low-income countries?
