Image und reality of the European monetary system - A review
β Scribed by Vaubel, Roland
- Book ID
- 112829723
- Publisher
- Springer
- Year
- 1989
- Tongue
- English
- Weight
- 531 KB
- Volume
- 125
- Category
- Article
- ISSN
- 1610-2924
No coin nor oath required. For personal study only.
π SIMILAR VOLUMES
If the European Central Bank (ECB) adopts the proposals of the European Monetary Institute, the formulation of monetary policy for the euro area will be centralized but its implementation will be decentralized. The ECB will probably employ both inflation and monetary targets and use policy instrumen
## Abstract In this paper we analyse the ESCB as a federal central bank system. First, the degree of decentralization of the ESCB will be briefly compared with its predecessor, the Deutsche Bundesbank, and its counterweight in the US, the Federal Reserve System. Moreover, the development during the