Economics, Econometrics and Finance
8 years ago

Independent Bank of Greece set to reshape national currency value

European and transatlantic studies
An Independent Bank of Greece: an idea whose time has come
Iannis A. Mourmouras, Michael G. Arghyrou

Paper Summary

The Bank of Greece was established in 1928 to protect the country's currency value. Before that, the National Bank of Greece also acted as a central bank. The first Governor was A. Diomides, who served for three years. In its early years, the Bank of Greece had a good level of independence.

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