Research Catalog

Title

Open issues in European central banking / Lorenzo Bini Smaghi and Daniel Gros.

Author

Bini Smaghi, Lorenzo.

Publication

New York : St. Martin's Press in association with the Centre for European Policy Studies, 2000.

Items in the Library & Off-site

Holdings

Details

Additional Authors

Gros, Daniel, 1955-

Description

ix, 209 pages; 23 cm

Summary

• "Since 1 January 1999, monetary policy for 11 member countries of the EU is determined by the Eurosystem which consists of the European Central Bank (ECB) and the National Central Banks (NCB) of the countries in the Eurozone. Is this sufficient to enable European Monetary Union to succeed?".
• "The authors' analysis suggests that the centre of this system, the ECB, has not yet been given sufficient power of resources to become a full central bank and that, in addition, the responsibility for financial stability has not been clearly defined. They propose concrete solutions to these and other problems."--BOOK JACKET.

Subject

• Banks and banking, Central > Europe
• Monetary policy > Europe

Bibliography (note)

• Includes bibliographical references and indexes.

Contents

1. Who is in charge of the Eurosystem? -- 2. Who takes care of financial stability in Europe? -- 3. Are European central banks over-capitalized? -- 4. Who gets the seigniorage? -- 5. How can the Eurosystem become (and remain) independent? ... -- 6. ... and accountable? -- 7. 3 X 2 Concrete Proposals for Strengthening the Eurosystem -- Annex I. Chapters 2 and 3 of Title VI on Economic and Monetary Policy of the Treaty on European Union -- Annex II. Protocol (No. 3) on the Statute of the European System of Central Banks and of the European Central Bank.

ISBN

0312228457 (cloth)

LCCN

99040985

OCLC

ocm41959971

Owning Institutions

Columbia University Libraries