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The European Central Bank: powers, policies and problems

The European Central Bank: powers, policies and problems Outlines the formation, structure and powers of the European Central Bank, which has the objective of maintaining price stability. Discusses its implementation of monetary policy and considers both actual and potential problems in terms of its independence, leadership, interest rate management, co‐ordination with national fiscal authorities, transparency of operations and cross‐border settlement systems. Criticizes its limited powers for prudential supervision of banks in the EMU and suggests that it needs wider objectives, more authority and greater independence from national influences. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Managerial Finance Emerald Publishing

The European Central Bank: powers, policies and problems

Managerial Finance , Volume 25 (11): 8 – Nov 1, 1999

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Publisher
Emerald Publishing
Copyright
Copyright © 1999 MCB UP Ltd. All rights reserved.
ISSN
0307-4358
DOI
10.1108/03074359910766262
Publisher site
See Article on Publisher Site

Abstract

Outlines the formation, structure and powers of the European Central Bank, which has the objective of maintaining price stability. Discusses its implementation of monetary policy and considers both actual and potential problems in terms of its independence, leadership, interest rate management, co‐ordination with national fiscal authorities, transparency of operations and cross‐border settlement systems. Criticizes its limited powers for prudential supervision of banks in the EMU and suggests that it needs wider objectives, more authority and greater independence from national influences.

Journal

Managerial FinanceEmerald Publishing

Published: Nov 1, 1999

Keywords: EMU; Banking; Interest rates; Supervision; Central government

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