- Key issues for monetary policy: an ECB view; The ECB
must provide a foundation of stability that withstands the forces of
structural change.
The European single currency, the euro, has become a visible and successful token of Europeans' drive towards unification. It was born in an era in which high-speed structural change tests the validity of economic models and defies searches for standard policy recipes. Like all central banks, the European Central Bank ......
- Monetary Policy in the Euro Area: Strategy and Decision Making at the European Central Bank
Monetary Policy in the Euro Area: Strategy and Decision Making at the European Central Bank. By Otmar Issing, Vitor Caspar, Ignazio Angeloni, and Oreste Tristani, Cambridge, UK: Cambridge University Press, 2001. 199 pp. Hardback: $65.00; ISBN 0-521-78324-0. Paperback: $23.00; ISBN 0-521-78888-9.
- Switzerland and the Euro.
GEORG RICH [*] Switzerland is not a member of the European Union and, therefore, does not belong to the euro area. Nevertheless, the exchange rate of the Swiss franc against the euro has remained fairly stable. This stability does not imply that the Swiss National Bank pegs the exchange rate ......
- Key Issues for Monetary Policy: An ECB View
HEADNOTE THE ECB MUST PROVIDE A FOUNDATION OF STABILITY THAT WITHSTANDS THE FORCES OF STRUCTURAL CHANGE HEADNOTE The European single currency, the euro, has become a visible and successful token of Europeans' drive towards unification. It was born in an era in which high-speed structural change tests the validity of ......
- Monetary policy formulation in the Euro area
HEADNOTE THE FOCUS IS SOLELY ON PRICE STABILITY HEADNOTE The primary objective and unambiguous mandate of the European Central Bank (ECB) is price stability in the euro area. The ECB's objective is to provide a stable environment that is supportive of long-term growth rather than short-term fine tuning. Policy is ......
- Monetary Policy Formulation in the Euro Area: The
Focus is Solely on Price Stability.
The primary objective and unambiguous mandate of the European Central Bank (ECB) is price stability in the euro area. The ECB's objective is to provide a stable environment that is supportive of long-term growth rather than short-term fine tuning. Policy is made by its Governing Council and implemented by its ......
- The euro and its consequences: what makes a currency
strong.
Introduction "The introduction of the euro was one of the great events in economic history after World War II. The breakdown of the Bretton Woods system shifted the international monetary system from fixed exchange rates to a system of floating exchange rates. Before and after the breakdown, however, the U.S....