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Establishing a Central Bank : Issues in Europe and Lessons from the U.S. - Matthew B. Canzoneri

Establishing a Central Bank

Issues in Europe and Lessons from the U.S.

By: Matthew B. Canzoneri (Editor), Vittorio Grilli (Editor), Paul R. Masson (Editor)

Hardcover

Published: 31st July 1992
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Much recent discussion has focused on the prospects for monetary unification in Europe and the possible creation of a European central bank. This book discusses in detail the possible structure and operational procedures of such a bank and investigates their implications for the community's member states and for the global economy. Presented at a conference organized jointly by the Centre for Economic Policy Research, Georgetown University's Center for German and European Studies and the International Monetary Fund, the papers collected here examine evidence from US experience, the influence of Community voting rules on monetary policy, the implications of centralized policy-making and a single currency, the fiscal requirements of monetary union, and the possible role of the ecu as an international reserve currency.

List of figures
List of tables
Preface
List of conference participants
Introduction
The Design of a Central Bank
Designing a central bank for Europe: a cautionary tale from the early years of the federal reserve system
The European Central Bank: reshaping monetary politics in Europe
The ECB: a bank or a monetary policy rule?
Transition from National Central Banks To A European Central Bank
Hard-ERM, hard ECU and European Monetary Union
Voting on the adoption of a common currency
Fiscal Policy Requirements of a Common Currency Area
Fiscal federalism and optimum currency areas: evidence for Europe from the United States
Market-based fiscal discipline inmonetary unions: evidence from the US municipal bond market
Global Implications of a European Central Bank
European Monetary Union and international currencies in a tripolar world
Index
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780521420983
ISBN-10: 0521420989
Series: Centre for Economic Policy Research International Monetary Fund
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 328
Published: 31st July 1992
Publisher: Cambridge University Press
Country of Publication: GB
Dimensions (cm): 20.4 x 15.9  x 2.2
Weight (kg): 0.65