The European Central Bank (ECB) has decided not to adopt monetary targeting, since in a new economic environment -- one characterised by a wide heterogeneity among member countries, with new monetary institutions and a money market in ongoing development -- it is impossible to infer, from scarce data, a reliable money demand function.
Središnja europska banka (ECB) odlučila je ne usvojiti monetarni targeting iz razloga što je u novom gospodarskom okruženju, uz izrazitu heterogenost zemalja članica, u kojima su nove monetarne institucije i tržište novca još u razvoju, nemoguće iz oskudnih podataka izvesti pouzdanu funkciju novčane potražnje.