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Voting And Decisions In The Ecb

Voting and Decisions in the ECB PDF
Author: Matthias Brueckner
Release: 1997
Size: 31.57 MB
Format: PDF
Category : Banks and banking, Central
Languages : en
Pages : 41
View: 5752

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The Allocation Of Power In The Enlarged Ecb Governing Council

The Allocation of Power in the Enlarged ECB Governing Council PDF
Author: Ansgar Belke
Publisher: CEPS
Release: 2004
Size: 67.71 MB
Format: PDF, Docs
Category : Balance of power
Languages : en
Pages : 38
View: 3416

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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.

Preparing The Ecb For Enlargement

Preparing the ECB for Enlargement PDF
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

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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

Political Pressure  Rhetoric and Monetary Policy PDF
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

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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

Financial Markets and Institutions PDF
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 :
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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

The Eastern Enlargement of the Eurozone PDF
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

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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

Political Theory and the European Constitution PDF
Author: Lynn Dobson
Publisher: Routledge
Release: 2004-08-02
Size: 25.27 MB
Format: PDF
Category : Political Science
Languages : en
Pages : 240
View: 7720

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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

Policymaking in the European Central Bank PDF
Author: Karl Kaltenthaler
Publisher: Rowman & Littlefield
Release: 2006
Size: 22.93 MB
Format: PDF, ePub
Category : Business & Economics
Languages : en
Pages : 195
View: 1137

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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.