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Establishing a Central Bank
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  • 25 b/w illus. 27 tables
  • Page extent: 328 pages
  • Size: 204 x 159 mm
  • Weight: 0.65 kg

Library of Congress

  • Dewey number: 332.1/1/094
  • Dewey version: 20
  • LC Classification: HG2980.5.A7 E84 1992
  • LC Subject headings:
    • Banks and banking, Central--European Economic Community countries--Congresses
    • Banks and banking, Central--United States--Congresses
    • Fiscal policy--European Economic Community countries--Congresses

Library of Congress Record

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 (ISBN-13: 9780521420983 | ISBN-10: 0521420989)

DOI: 10.2277/0521420989

  • Also available in Paperback
  • Published July 1992

Manufactured on demand: supplied direct from the printer

 (Stock level updated: 17:01 GMT, 27 November 2015)


Previous efforts to create a European Central Bank (ECB) have stimulated debate on topics for research into the political economy of the European Community's institutions. These include the exact division of responsibilities of national governments and the ECB - especially concerning exchange rate policy; the need for and design of constraints on national fiscal policies; and the nature of the transition from adjustable parities and national monetary policies to irrevocably fixed parities and a single European monetary policy. The book also considers the implications of EMU for the international monetary system - for the use of the ECU as a reserve currency and for policy coordination among the G-7 countries. The volume thus provides a comprehensive examination of the issues that will be decisive for Europe in its choice of monetary institutions.

• Highly topical book about one of the major issues of economic policy confronting the UK and the other members of the EC • Looks at the US experience and asks what can Europe learn from it - a unique perspective to this issue • Comes from a very strong stable of successful Cambridge/CEPR books on Europe


List of figures; List of tables; Preface; List of conference participants; 1. Introduction; Part I. The Design of a Central Bank: 2. Designing a central bank for Europe: a cautionary tale from the early years of the federal reserve system; 3. The European Central Bank: reshaping monetary politics in Europe; 4. The ECB: a bank or a monetary policy rule?; Part II. Transition from National Central Banks To A European Central Bank: 5. Hard-ERM, hard ECU and European Monetary Union; 6. Voting

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