NDLI: Europe's Quest for Monetary Stability. Central Banking Gone Astray

Content Provider	Semantic Scholar
Author	Bibow, Joerg
Copyright Year	2005
Abstract	This paper provides an overview of central banking arrangements in those European countries that have adopted the euro. Issues addressed include the structure of the "Eurosystem" and its central banking functions, the kind of independence granted to the system and the role of monetary policy that central bankers have adopted for themselves, the "two-pillar policy framework," operating procedures, and actual performance since the euro's launch in 1999. The analysis concludes that, given the current macroeconomic policy regime, trends, and practices, the euro is on track for failure.
Starting Page	24
Ending Page	43
Page Count	20
File Format	PDF HTM / HTML
DOI	10.2139/ssrn.791425
Volume Number	35
Alternate Webpage(s)	https://www.econstor.eu/bitstream/10419/31552/1/505063298.pdf
Alternate Webpage(s)	http://www.levyinstitute.org/pubs/wp_428.pdf
Alternate Webpage(s)	https://doi.org/10.2139/ssrn.791425
Language	English
Access Restriction	Open
Content Type	Text
Resource Type	Article

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