Central Banking Systems Compared : The ECB, The Pre-Euro Bundesbank and the Federal Reserve System

ISBN-13: 9780415300421 / Angielski / Twarda / 2003 / 219 str.

Emmanuel Apel

Opis

The coming of the Euro as a new currency was a huge step for European banking and finance. Although the new European Central Bank's organization, monetary instruments and objectives are very similar to those of the pre-Euro Bundesbank, there are still notable differences. This study provides a comprehensive survey of the established European financial system in comparison to previous European systems and the US Federal Reserve.

Spis treści

1. Historical Background and Basic Institutional Features2. Objectives, Independence, Transparency and Accountability3. Monetary Policy: Strategy, Instruments and Actions4. Economic Policy Coordination in the Eurozone

O autorze

Emmanuel Apel is Associate Professor of Economics at the University of Ottawa, Canada.