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OverviewAs the European Monetary Union begins to add member nations, central bank governors of each new member will become entitled to a vote on the European Central Bank's (ECB) key decisionmaking body, the Governing Council. Euroland's interest-setting body will thus expand from its current 18 members to 30 or more. The bank's decisionmaking structure has worked well so far, having proved its mettle in a series of challenges - the Russian and LTCM crises, the oil and food price hikes, the stock market tech-wreck and the US economic slowdown - but is the ECB ready for the challenge of enlargement? This report argues that the substantial increase of voters in the Governing Council will adversely affect the efficiency of the Bank's decisionmaking structure. The authors believe that this potential enlargement is a matter of urgent concern and challenge the ECB and/or the European Commission to formulate a response. Full Product DetailsAuthor: Richard E. Baldwin , Francesco Giavazzi , Erik Berglof , Mika WidgrenPublisher: Centre for Economic Policy Research Imprint: Centre for Economic Policy Research Dimensions: Width: 21.60cm , Height: 1.50cm , Length: 27.90cm Weight: 0.333kg ISBN: 9781898128632ISBN 10: 1898128634 Pages: 73 Publication Date: 28 February 2002 Audience: College/higher education , Professional and scholarly , Undergraduate , Postgraduate, Research & Scholarly Format: Paperback Publisher's Status: Active Availability: To order  Stock availability from the supplier is unknown. We will order it for you and ship this item to you once it is received by us. Table of ContentsReviewsAuthor InformationRichard Baldwin is professor of International Economics at the Graduate Institute, Geneva and policy director of CEPR. Francesco Giavazzi is a professor of economics at Universita Bocconi, Milano, research associate of the National Bureau of Economic Research (NBER), and research fellow of the Centre for Economic Policy Research (CEPR). Erik Berglof is the Chief Economist and Special Adviser to the President at the European Bank for Reconstruction and Development (EBRD). Mika Widgren was Professor of Economics at the Turku School of Economics, Finland. Tab Content 6Author Website:Countries AvailableAll regions |
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