Author: Matthias Brueckner
Publisher:
Release: 1997
Size: 31.57 MB
Format: PDF
Category : Banks and banking, Central
Languages : en
Pages : 41
View: 5752
Voting And Decisions In The Ecb
PDF Download: voting and decisions in the ecb eBook
The Allocation Of Power In The Enlarged Ecb Governing Council
Author: Ansgar Belke
Publisher: CEPS
Release: 2004
Size: 67.71 MB
Format: PDF, Docs
Category : Balance of power
Languages : en
Pages : 38
View: 3416
This study analyses the allocation of power in the Governing Council of the European Central Bank (ECB) as it enlarges to accommodate new members of the economic and monetary union. For this purpose, classical power indices that have their origin in solutions of cooperative games are applied. First, an assessment is made of the effects of enlargement on the voting power of different subgroups of the Governing Council that arise in the wake of the continuous accession process. Second, a systematic comparison is carried out of the status quo role ('one member, one vote') with respect to the voting power of the ECB Executive Board and to the representativeness of European monetary policy, along with the potential for its re-nationalisation.
Publisher: CEPS
Release: 2004
Size: 67.71 MB
Format: PDF, Docs
Category : Balance of power
Languages : en
Pages : 38
View: 3416
This study analyses the allocation of power in the Governing Council of the European Central Bank (ECB) as it enlarges to accommodate new members of the economic and monetary union. For this purpose, classical power indices that have their origin in solutions of cooperative games are applied. First, an assessment is made of the effects of enlargement on the voting power of different subgroups of the Governing Council that arise in the wake of the continuous accession process. Second, a systematic comparison is carried out of the status quo role ('one member, one vote') with respect to the voting power of the ECB Executive Board and to the representativeness of European monetary policy, along with the potential for its re-nationalisation.
Decision Rules In The European Central Bank And Monetary Stability
Author: Paul de Grauwe
Publisher:
Release: 1998
Size: 12.52 MB
Format: PDF, ePub, Mobi
Category : Monetary policy
Languages : en
Pages : 29
View: 4098
Publisher:
Release: 1998
Size: 12.52 MB
Format: PDF, ePub, Mobi
Category : Monetary policy
Languages : en
Pages : 29
View: 4098
Cornell International Law Journal
Author:
Publisher:
Release: 2000
Size: 80.65 MB
Format: PDF, Kindle
Category : International law
Languages : en
Pages :
View: 5406
Publisher:
Release: 2000
Size: 80.65 MB
Format: PDF, Kindle
Category : International law
Languages : en
Pages :
View: 5406
Preparing The Ecb For Enlargement
Author: Richard E. Baldwin
Publisher: Centre for Economic Policy Research
Release: 2001
Size: 21.86 MB
Format: PDF
Category : Business & Economics
Languages : en
Pages : 33
View: 3727
As the European Monetary Union begins to add member nations, central bank governors of each new member will become entitled to a vote on the European Central Bank's (ECB) key decisionmaking body, the Governing Council. Euroland's interest-setting body will thus expand from its current 18 members to 30 or more. The Bank's decisionmaking structure has worked well so far, having proved its mettle in a series of challenges--the Russian and LTCM crises, the oil and food price hikes, the stock market tech-wreck and the U.S. economic slowdown. But is the ECB ready for the challenge of enlargement? This report argues that the substantial increase of voters in the Governing Council will adversely affect the efficiency of the Bank's decisionmaking structure. The authors believe that this potential enlargement is a matter of urgent concern, and challenge the ECB and/or the European Commission to formulate a response to this challenge.
Publisher: Centre for Economic Policy Research
Release: 2001
Size: 21.86 MB
Format: PDF
Category : Business & Economics
Languages : en
Pages : 33
View: 3727
As the European Monetary Union begins to add member nations, central bank governors of each new member will become entitled to a vote on the European Central Bank's (ECB) key decisionmaking body, the Governing Council. Euroland's interest-setting body will thus expand from its current 18 members to 30 or more. The Bank's decisionmaking structure has worked well so far, having proved its mettle in a series of challenges--the Russian and LTCM crises, the oil and food price hikes, the stock market tech-wreck and the U.S. economic slowdown. But is the ECB ready for the challenge of enlargement? This report argues that the substantial increase of voters in the Governing Council will adversely affect the efficiency of the Bank's decisionmaking structure. The authors believe that this potential enlargement is a matter of urgent concern, and challenge the ECB and/or the European Commission to formulate a response to this challenge.
Political Pressure Rhetoric And Monetary Policy
Author: Philipp Maier
Publisher: Edward Elgar Publishing
Release: 2002-01-01
Size: 30.88 MB
Format: PDF, ePub
Category : Business & Economics
Languages : en
Pages : 228
View: 2775
Philipp Maier offers an examination of the extent to which governments and various interest groups have exerted pressure on central banks. The book looks in particular at the Deutsche Bundesbank - which acted as the blueprint for the European Central Bank (ECB) - and utilizes an original set of indicators to measure external pressure and support from the government and other institutions.
Publisher: Edward Elgar Publishing
Release: 2002-01-01
Size: 30.88 MB
Format: PDF, ePub
Category : Business & Economics
Languages : en
Pages : 228
View: 2775
Philipp Maier offers an examination of the extent to which governments and various interest groups have exerted pressure on central banks. The book looks in particular at the Deutsche Bundesbank - which acted as the blueprint for the European Central Bank (ECB) - and utilizes an original set of indicators to measure external pressure and support from the government and other institutions.
Financial Markets And Institutions
Author: Jakob de Haan
Publisher: Cambridge University Press
Release: 2012-06-28
Size: 38.12 MB
Format: PDF, ePub, Mobi
Category : Business & Economics
Languages : en
Pages :
View: 1090
Since the first edition of this book, the world's financial system went through its greatest crisis for a century. What made this crisis unique is that severe financial problems emerged simultaneously in many different countries and that its economic impact was felt throughout the world as a result of the increased interconnectedness of the global economy. Written for undergraduate and graduate students of finance, economics and business, the second edition of this successful textbook provides a fresh analysis of the world financial system in light of the recent financial crisis. Combining theory, empirical data and policy, it examines and explains financial markets, financial infrastructures, financial institutions and challenges in the domain of financial supervision and competition policy. This new edition features three completely new chapters, one on financial crises, a second on financial innovation, and, on the policy side, a third on the monetary policy of the European Central Bank.
Publisher: Cambridge University Press
Release: 2012-06-28
Size: 38.12 MB
Format: PDF, ePub, Mobi
Category : Business & Economics
Languages : en
Pages :
View: 1090
Since the first edition of this book, the world's financial system went through its greatest crisis for a century. What made this crisis unique is that severe financial problems emerged simultaneously in many different countries and that its economic impact was felt throughout the world as a result of the increased interconnectedness of the global economy. Written for undergraduate and graduate students of finance, economics and business, the second edition of this successful textbook provides a fresh analysis of the world financial system in light of the recent financial crisis. Combining theory, empirical data and policy, it examines and explains financial markets, financial infrastructures, financial institutions and challenges in the domain of financial supervision and competition policy. This new edition features three completely new chapters, one on financial crises, a second on financial innovation, and, on the policy side, a third on the monetary policy of the European Central Bank.
The Eastern Enlargement Of The Eurozone
Author: Marek Dabrowski
Publisher: Springer Science & Business Media
Release: 2006-07-01
Size: 25.42 MB
Format: PDF, Kindle
Category : Business & Economics
Languages : en
Pages : 232
View: 6020
The Eastern Enlargement of the EU will not be complete until the new member states join the EMU. Economic and political economy arguments point to fast EMU accession of new member states. Failure to do so will create a two speed Europe, a fundamental change in the economic and political architecture of the EU, adding to the strains already evident between core and peripheral countries. Current high level of trade and business cycle integration of new member states with the Eurozone, decreases the probability of asymmetric shocks. Lower transaction costs, elimination of exchange rate risk and the danger of currency crises, further trade and investment creation, lower interest rates and large fiscal gains, should outweigh the loss of the exchange rate as adjustment tool. The Eastern Enlargement of the Eurozone provides comprehensive economic analysis of theoretical, empirical and political issues that will determine whether EMU enlargement is a success, which has implications for all common currency systems.
Publisher: Springer Science & Business Media
Release: 2006-07-01
Size: 25.42 MB
Format: PDF, Kindle
Category : Business & Economics
Languages : en
Pages : 232
View: 6020
The Eastern Enlargement of the EU will not be complete until the new member states join the EMU. Economic and political economy arguments point to fast EMU accession of new member states. Failure to do so will create a two speed Europe, a fundamental change in the economic and political architecture of the EU, adding to the strains already evident between core and peripheral countries. Current high level of trade and business cycle integration of new member states with the Eurozone, decreases the probability of asymmetric shocks. Lower transaction costs, elimination of exchange rate risk and the danger of currency crises, further trade and investment creation, lower interest rates and large fiscal gains, should outweigh the loss of the exchange rate as adjustment tool. The Eastern Enlargement of the Eurozone provides comprehensive economic analysis of theoretical, empirical and political issues that will determine whether EMU enlargement is a success, which has implications for all common currency systems.
Political Theory And The European Constitution
Author: Lynn Dobson
Publisher: Routledge
Release: 2004-08-02
Size: 25.27 MB
Format: PDF
Category : Political Science
Languages : en
Pages : 240
View: 7720
In June 2003, the Convention on the Future of Europe released what may become the Constitution of the European Union. This timely volume provides one of the first critical assessments of the draft Constitution from the vantage point of political theory. The work combines detailed institutional analysis with normative political theory, bringing theoretical analysis to bear on the pressing issues of institutional design answered - or bypassed - by the draft Constitution. It addresses several themes that play out differently in federal arrangements than in unitary political orders: * European values, especially the legitimate role of alleged common values * liberty and powers - how does the draft Constitution address competing normative preferences? * the European interest: the noble words regarding common European objectives and values are often muddled or conflated, different actors intending quite different things. Several chapters contribute to clarifying the different senses of these terms.
Publisher: Routledge
Release: 2004-08-02
Size: 25.27 MB
Format: PDF
Category : Political Science
Languages : en
Pages : 240
View: 7720
In June 2003, the Convention on the Future of Europe released what may become the Constitution of the European Union. This timely volume provides one of the first critical assessments of the draft Constitution from the vantage point of political theory. The work combines detailed institutional analysis with normative political theory, bringing theoretical analysis to bear on the pressing issues of institutional design answered - or bypassed - by the draft Constitution. It addresses several themes that play out differently in federal arrangements than in unitary political orders: * European values, especially the legitimate role of alleged common values * liberty and powers - how does the draft Constitution address competing normative preferences? * the European interest: the noble words regarding common European objectives and values are often muddled or conflated, different actors intending quite different things. Several chapters contribute to clarifying the different senses of these terms.
Policymaking In The European Central Bank
Author: Karl Kaltenthaler
Publisher: Rowman & Littlefield
Release: 2006
Size: 22.93 MB
Format: PDF, ePub
Category : Business & Economics
Languages : en
Pages : 195
View: 1137
Drawing on numerous interviews with high-ranking and founding members of the ECB, Karl Kaltenthaler identifies and explains the factors that shape the domestic and international monetary strategies of the European Central Bank (ECB). The policy-making model that offers the best roadmap to a healthy economy is that of the German Bundesbank. To secure the long-term needs of the economy, the decision-makers in the ECB have created a model that attempts to replicate the Bundesbank's success at the European level and to lend credibility to their own policies. Offering unprecedented access to the internal decision-making at the ECB, Policy-Making in the European Central Bank will interest readers who want to understand this important European institution.
Publisher: Rowman & Littlefield
Release: 2006
Size: 22.93 MB
Format: PDF, ePub
Category : Business & Economics
Languages : en
Pages : 195
View: 1137
Drawing on numerous interviews with high-ranking and founding members of the ECB, Karl Kaltenthaler identifies and explains the factors that shape the domestic and international monetary strategies of the European Central Bank (ECB). The policy-making model that offers the best roadmap to a healthy economy is that of the German Bundesbank. To secure the long-term needs of the economy, the decision-makers in the ECB have created a model that attempts to replicate the Bundesbank's success at the European level and to lend credibility to their own policies. Offering unprecedented access to the internal decision-making at the ECB, Policy-Making in the European Central Bank will interest readers who want to understand this important European institution.
