The Allocation of Power in the Enlarged ECB Governing Council PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download The Allocation of Power in the Enlarged ECB Governing Council PDF full book. Access full book title The Allocation of Power in the Enlarged ECB Governing Council by Ansgar Belke. Download full books in PDF and EPUB format.
Author: Ansgar Belke Publisher: CEPS ISBN: 9290795336 Category : Balance of power Languages : en Pages : 29
Book Description
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.
Author: Ansgar Belke Publisher: CEPS ISBN: 9290795336 Category : Balance of power Languages : en Pages : 29
Book Description
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.
Author: Liber Amicorum Publisher: ISBN: 9789291817016 Category : Banking law Languages : en Pages : 414
Book Description
"The book contains a collection of articles on the European Union and the European System of Central Banks (ESCB), the Eurosystem, monetary law, central bank independence and central bank statutes as well as on financial law. The authors are current or former members of the Legal Committee of the ESCB (LEGCO). This book commemorates ten years of work by the Working Group of Legal Experts of the European Monetary Institute and by the LEGCO. It is dedicated to Mr Paolo Zamboni Garavelli, former Head of the Legal Department at the Banca d'Italia and member of LEGCO, who died in 2004."--Editor.
Author: Helmut Siekmann Publisher: Bloomsbury Publishing ISBN: 1509918973 Category : Law Languages : en Pages : 1536
Book Description
This book provides a commentary on the law of the EU related to the Monetary Union. It contains a comprehensive analysis of all provisions of the Statute of the European System of Central Banks (ESCB) and the European Central Bank (ECB). In addition, the book also analyses all provisions of the Treaties themselves which regulate the ESCB and the ECB. This analysis is supplemented by commentaries on other Protocols which contain relevant rules for the Monetary Union. In essence, all relevant statutory rules governing the euro and its key monetary authority, the European Central Bank, are unfolded and explained in one volume. This gives the book a unique position in the legal literature on the law of the EU. With contributions by renowned academics and practitioners, this book is an expanded and updated translation of the 2013 German commentary, EWU Kommentar zu Europäischen Währungsunion (Mohr Siebeck) and is an invaluable resource for practitioners and academics alike who are looking for a provision-by-provision commentary on the laws governing the European Monetary Union.
Author: Peter J. N. Sinclair Publisher: Routledge ISBN: 1135179778 Category : Business & Economics Languages : en Pages : 402
Book Description
Inflation is regarded by the many as a menace that damages business and can only make life worse for households. Keeping it low depends critically on ensuring that firms and workers expect it to be low. So expectations of inflation are a key influence on national economic welfare. This collection pulls together a galaxy of world experts (including Roy Batchelor, Richard Curtin and Staffan Linden) on inflation expectations to debate different aspects of the issues involved. The main focus of the volume is on likely inflation developments. A number of factors have led practitioners and academic observers of monetary policy to place increasing emphasis recently on inflation expectations. One is the spread of inflation targeting, invented in New Zealand over 15 years ago, but now encompassing many important economies including Brazil, Canada, Israel and Great Britain. Even more significantly, the European Central Bank, the Bank of Japan and the United States Federal Bank are the leading members of another group of monetary institutions all considering or implementing moves in the same direction. A second is the large reduction in actual inflation that has been observed in most countries over the past decade or so. These considerations underscore the critical – and largely underrecognized - importance of inflation expectations. They emphasize the importance of the issues, and the great need for a volume that offers a clear, systematic treatment of them. This book, under the steely editorship of Peter Sinclair, should prove very important for policy makers and monetary economists alike.
Author: Otmar Issing Publisher: Cambridge University Press ISBN: 1139473573 Category : Business & Economics Languages : en Pages : 260
Book Description
Today, 318 million people in 15 countries use the Euro, which now rivals the importance of the US Dollar in the world economy. This is an outcome that few would have predicted with confidence when the Euro was launched. How can we explain this success and what are the prospects for the future? There is nobody better placed to answer these questions than Otmar Issing, who as a founding member of the Executive Board of the European Central Bank (1998–2006), was one of the Euro's principal architects. His story is a unique insider account, combining personal memoir with reference to the academic and policy literature. Free of jargon, this is a very human reflection on a unique historical experiment and a key reference for all academics, policy makers, and 'Eurowatchers' seeking to understand how the Euro has got to where it is today and what challenges lie ahead.
Author: Lucia Quaglia Publisher: Routledge ISBN: 113409020X Category : Business & Economics Languages : en Pages : 205
Book Description
This volume explores the politics and public policy aspects of central banking in Europe through a theoretically-informed and empirically-grounded analysis of central banking governance before and after the establishment of the Economic and Monetary Union.
Author: Manfred J. Holler Publisher: BoD – Books on Demand ISBN: 3892651175 Category : Philosophy Languages : en Pages : 175
Book Description
Is Convention Economics a New Kind of Economics, Or Something Else? LEARRY GAGNÉ Homo Economicus in Neoclassical Economics: Some Conceptual Curiosities about Behavioural Criticisms KHANDAKAR QUDRAT-I ELAHI Classiÿ cation of Land Use: Further development of the ISO standard for Land Administration, ISO 19152 JESPER MAYNTZ PAASCH AND JENNY PAULSSON The Geography of Culture and Human Development in ItalyI LARIA PETRARCA AND ROBERTO RICCIUTIE lecting the PopeLÁSZLÓ Á. KÓCZY AND BALÁZS SZIKLAI Ready for the Design of Voting Rules? SASCHA KURZ Is there a future to power index research? (Symposium) MANFRED J. HOLLER (ED.) Mostly Sunny: A Forecast of Tomorrow‘s Power Index Research SASCHA KURZ, NICOLA MAASER, STEFAN NAPEL AND MATTHIAS WEBER Some Open Problems in the Applications of Power Indices to Politics and Finance CESARINO BERTINI, GIANFRANCO GAMBARELLI AND IZABELLA STACH Public Choice Re° ections on the Measurement of Political Power JEAN-MICHEL JOSSELIN Index of Power: Post Mortem Phase? JACEK MERCIK
Author: Wouter Bossu Publisher: International Monetary Fund ISBN: 1513524054 Category : Business & Economics Languages : en Pages : 71
Book Description
This paper discusses key legal issues in the design of Board Oversight in central banks. Central banks are complex and sophisticated organizations that are challenging to manage. While most economic literature focuses on decision-making in the context of monetary policy formulation, this paper focuses on the Board oversight of central banks—a central feature of sound governance. This form of oversight is the decision-making responsibility through which an internal body of the central bank—the Oversight Board—ensures that the central bank is well-managed. First, the paper will contextualize the role of Board oversight into the broader legal structure for central bank governance by considering this form of oversight as one of the core decision-making responsibilities of central banks. Secondly, the paper will focus on a number of important legal design issues for Board Oversight, by contrasting the current practices of the IMF membership’s 174 central banks with staff’s advisory practice developed over the past 50 years.
Author: Board of Governors of the Federal Reserve System Publisher: ISBN: 9780894991967 Category : Banks and Banking Languages : en Pages : 0
Book Description
Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.
Author: Ansgar Belke
Author: Ansgar Belke
Author: Liber Amicorum
Author: Hanspeter K. Scheller
Author: Helmut Siekmann
Author: Peter J. N. Sinclair
Author: Otmar Issing
Author: Lucia Quaglia
Author: Manfred J. Holler
Author: Wouter Bossu
Author: Board of Governors of the Federal Reserve System