Central Banks and Coded Language: Risks and Benefits

Elke Muchlinski

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Monetary Policy and Economic Impact Banking stability, regulation, efficiency Economic Theory and Institutions

Abstract

This book explores implications of the modern view of central banks rising from the proposition that words have no meaning beyond their use in a particular context and setting. It studies coded language to explain why a central bank's decisions and communicative interactions can't be devoted to a coded language which is an artificial language

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