简介
Previous efforts to create a European Central Bank (ECB) havestimulated debate on topics for research into the political economyof the European Community's institutions. These include the exactdivision of responsibilities of national governments and the ECB -especially concerning exchange rate policy; the need for and designof constraints on national fiscal policies; and the nature of thetransition from adjustable parities and national monetary policiesto irrevocably fixed parities and a single European monetarypolicy. The book also considers the implications of EMU for theinternational monetary system - for the use of the ECU as a reservecurrency and for policy coordination among the G-7 countries. Thevolume thus provides a comprehensive examination of the issues thatwill be decisive for Europe in its choice of monetaryinstitutions.
目录
List of figures
List of tables
Preface
List of conference participants
1. Introduction
Part I. The Design of a Central Bank
2. Designing a central bank for Europe: a cautionary tale from theearly years of the federal reserve system
3. The European Central Bank: reshaping monetary politics inEurope
4. The ECB: a bank or a monetary policy rule?
Part II. Transition from National Central Banks To A EuropeanCentral Bank
5. Hard-ERM, hard ECU and European Monetary Union
6. Voting
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