Synopses & Reviews
Synopsis
Preface: The European Central Bank; The New European Leviathan? Analytical and Theoretical Approaches to the Study of the European Central Bank The Long and Winding Road to the ECB: European Monetary Authority in the Prehistory of EMU National Attitudes on the ECB and Central Bank Independence Managing Europe's Money: The Organization, Powers and Functions of the ECB The Independence of the ECB A Question of Credibility: A Short History of ECB Monetary Policy Conclusion: The ECB and the Future of Europe
Synopsis
David Howarth and Peter Loedel provide a theoretically inspired account of the creation, design and operation of the European Central Bank. Issues explored include the theoretical approaches to the ECB, the antecedents of European monetary authority, the different national perspectives on central bank independence, the complex organization of the bank, the issues of accountability and the difficult first years of the ECB in operation.