This case describes the tradeoffs inherent in monetary policy in open economies in a very globalized world. The emphasis is on economic, financial and political pressure to politicians on the European Central Bank, as they weigh the pros and cons of the next interest rate decision. Special attention is paid to the setting of monetary policy in the EU, when the two largest economies of Germany and France, have faced several opposing economic conditions. "Hide
by Peter Rodriguez Source: Darden School of Business 16 pages. Publication Date: August 26, 2009. Prod. #: UV2711-PDF-ENG
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