European Central Bank / Edition 2

European Central Bank / Edition 2

by David J. Howarth, Peter Loedel, Peter Loedl
     
 

The European Central Bank is a unique creation in world history: an independent central bank managing one currency - the euro - which has been adopted in twelve member states of the European Union. The monetary policy decisions of the ECB thus directly affect the lives of roughly 300 million people living in the eurozone and have a significant impact on many more.… See more details below

Overview

The European Central Bank is a unique creation in world history: an independent central bank managing one currency - the euro - which has been adopted in twelve member states of the European Union. The monetary policy decisions of the ECB thus directly affect the lives of roughly 300 million people living in the eurozone and have a significant impact on many more. Providing an excellent synthesis of existing research, new research and insights, David Howarth and Peter Loedel explore the theoretical approaches to the ECB. Many issues are covered, including: the antecedents of European monetary authority; the different national perspectives on central bank independence; the complex organisation of the bank; the issues of accountability; and the difficult first years of the ECB in operation.

Product Details

ISBN-13:
9780333924938
Publisher:
Palgrave Macmillan
Publication date:
07/18/2003
Edition description:
First Edition
Pages:
256
Product dimensions:
5.50(w) x 8.50(h) x 0.75(d)

Table of Contents

Preface: The European Central Bank: the New European Leviathan?
Introduction: Hobbes and the European Central Bank
Objectives of the book
Outline of the book
Acknowledgements
1Analytical and Theoretical Approaches to the Study of the European Central Bank1
2The Long and Winding Road to the ECB: European Monetary Authority in the Prehistory of EMU25
3National Attitudes on the ECB and Central Bank Independence51
4Managing Europe's Money: the Organization, Powers and Functions of the ECB87
5The Independence of the ECB117
6A Question of Credibility: a Short History of ECB Monetary Policy143
7Conclusion: the ECB and the Future of Europe175
App. 1Protocols on the statute of the ESCB and of the ECB and the Protocol on the Statute of the EMI189
App. 2Resolution on the Stability and Growth Pact210
Notes213
References225
Subject Index236
Author Index243

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