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For instance, central banks have always held significant amounts of gold as part of their reserves.
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In Central Europe, for instance, the share of total bank assets controlled by foreign banks has risen from less than 10% in 1994 to over 50% in 1999. (Foreign control is defined as foreigners owning more than 50% of the total equity in a bank).
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The report's call for central-bank autonomy, for instance, simply meant "greater operational independence rather than true independence from the government in making major monetary-policy decisions, " Mr. Prasad said.
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