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The role of a regional bank in a system of central banks: A comment

โœ Scribed by Ignazio Angeloni


Book ID
117349617
Publisher
Elsevier Science
Year
1999
Weight
291 KB
Volume
51
Category
Article
ISSN
0167-2231

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## 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