The European central bank: a full-fledged scheme or just a “fledgeling”?
DOI:
https://doi.org/10.13133/2037-3643/10658Keywords:
European Central BankAbstract
This article attempts to answer the questions posed by many Europeans: ‘Is the proposition for a European Central Bank workable or not?’ In an attempt to provide an answer to such a complex question, the history associated with the idea of such an organisation is outlined as well as an exposition of its probable objectives and possible functions.
JEL: E58
References
BARRO, R. and G?RDON, D. (1983), "A Positive Theory of Monetary Policy in a Natural
Rate Mo~el , Journal 01 Political Economy, voI. 91, no. 4, pp. 589-616
BEGGC~p~.allt (1991), Monitoring European Integration: The Making 01 Monet~ry Union,
BISH~: kG. 5(l
j
, Valuing Public Debt in the Ee: EMU Benefits versus «No-Bail-Out"
es s, a amon Brothers Ine., November 1991.
CASELLA, A. (1991), Voting on the Adoption 01 a Common Currency CEPR
FOLKE::[:,L~~~~., D. and GAREER, P. (1991), The ECB: A Bank o; a Mon~tary Policy
FRATIANNI, M:, VON HAGEN, J. and WALLER, C. (1992), From EM5 lo EMU, CEPR
GIOV~~INI:SA. (19
p
[): The Cu~rency Re/orm as the Las! Stage 01 Economie and Mone;at'1)
man. ome o lCY Questtons, CEPR. 'J
GOODCHART, C. (1991), The Dralt Stalule 01 the European System 01 Central Banks' A
ommentary, CEPR. .
GRILLI, V., MASCIANDARO, D. and TABELLINI G (1991) "P lit' l cl M l'
tions and Public Financial Policies in'th~ Indust~ial~o~c:tr:~" Eonetar~ p"st[l,tuno.
D. ' conomlC o lCY,
VON HAAfYf~K, F.A. (1976), Denationalization 01 Money, Landan, The Institute af Economie
all's.
LAMFALUSSY,.A. (1:92), The Restructuring 01 the Financial Industry: A CentraI B k'
Perspecttve, mlmeograph. an mg
MINISpTEli~O Dfi~L TEZSORO d(l982), Il Sistema Creditizio e Finanziario Italiano Istituto
o gl'a co e ecca ello Stato. '
NEU~A;~R.M.J, (1991), German Unilication: Economie Problems and Consequences,
gr!~~.1991), The ECB: A Bank or a Monetary Policy Rule: A Comment, mimeo~
I I~EA~~, ,Ab' e SAR.C~~ELL~, M. (1990~, "Il credito di cltima istanza e l'evoluzione
e attlv1ta anearla, Gtornale deglt Economisti e Annali di Economia l l'
agosto. ' ug 10-
••~rR:~:~::~~~etA~~., e SSYLO[S LA~I~I, ~. (1990), "Riflessioni sullo sviluppo economico e
, cuo a e Cttta, dicembre.
M. (1991a), "Towards European Monetary Union" in May t T d T~CI~:~~::~~F (eds) M . dM' e,. an
, ""acroecon0m,zcs an acroeconomic Policy Issues, Avebury.
U(199"1bA), 'PdaolIo Baffi: Il Governatore" il Maestro j'Uomo",I.n Moneta
d
' omtnt, tU e Convegno promosso dalla Fondazione Lucchini Il Cot.'
USIO, ' -
R, (1991), "The IMS (lnternational Monetary System '" or ScandaP) and the
_4j~~ropean Monetary System .., or Success?), in this Review, Dec~mber, pp.
X, et alii (1991), Monitoring European Integration: The Making 01 Monetary Union,