The European Central Bank. Credibility, Transparency, and Centralization.
Language: English
Published by Cambridge, The MIT Press, 2005
- Hardcover
- Used
Seller: Antiquariat Thomas Haker GmbH & Co. KG, Berlin, GermanyAntiquariat Thomas Haker GmbH & Co. KG
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Condition: Used - Fine
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Add to basketItem description from seller
264 S., Ill. Very good condition. Sprache: Englisch Gewicht in Gramm: 650 15,2 x 2,7 x 22,9 cm, cloth withe dustjacket.
Seller Inventory # 801662
- Title
- The European Central Bank. Credibility, Transparency, and Centralization.
- Author
- de Haan, Jakob, Sylvester C. W. Eijffinger and Sandra Waller:
- Publisher
- Cambridge, The MIT Press
- Publication year
- 2005
- Condition
- Sehr gut
- Dust jacket
- Dust Jacket Included
- Binding
- Hardcover
- Language
- English
- ISBN 10
- 0262042266
- ISBN 13
- 9780262042260
- Item weight
- 650 grams
- Seller catalogs
- Ökonomie-allgemein
An examination of the debates on European Central Bank monetary policy, focusing on issues of transparency, credibility, and accountability and the effect of the ECB's decentralized structure.
The adoption of the euro in 1999 by 11 member states of the European Union created a single currency area second in economic size only to the United States. The euro zone's monetary policy is now set by the European Central Bank (ECB) and its Governing Council rather than by individual national central banks. This CESifo volume examines issues that have arisen in the first years of ECB monetary policy and analyzes the effect that current ECB policy strategy and structures may have in the future. After a detailed description and assessment of ECB monetary policy making that focuses on such issues as price stability and the predictability of policy decisions, the book turns to two important issues faced by European central bankers: the transparency and credibility of decision making and the ECB's decentralized structure. After showing that transparency in decision making enhances credibility, the book discusses the ECB's efforts at openness, its political independence as guaranteed by law, and its ultimate accountability. The book then considers the effects of the decentralized ECB structure, focusing on business cycle synchronization, inflation differentials, and differences in monetary policy transmission in light of the enlargement of the monetary union. The book also discusses options for ECB institutional reforms, including centralization, vote weighting, and cross-border regional banks.
"Synopsis" may belong to another edition of this title.
About the Author
"About the title" may belong to another edition of this title.
Antiquariat Thomas Haker GmbH & Co. KG
Berlin, Germany
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