Many arguments call for the independence of Central Banks, where others call for some degree of "centralization" of monetary policy actions. Questions: 1. In the light of the "Impossible Trinity" concept and the attributes of "Ideal Currency", compare and contrast centralization versus decentralization of central banks from the government. Highlight the pros and cons of each. 2. Give examples of central banks around the world with different degrees of decentralization. 3. To what extent, do you think, the Central Bank of Egypt (CBE) can be considered "independent"? Support your answer with examples

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