欧州中央銀行の政策形成 Policymaking in the European Central Bank : The Masters of Europe's Money

Kaltenthaler, Karl

Rowman & Littlefield（2006/08発売）

• 製本 Hardcover:ハードカバー版／ページ数 204 p.
• 言語 ENG
• 商品コード 9780742553668
• DDC分類 332.11094

基本説明

Drawing on interviews with members of the ECB, Kaltenthaler explains the factors that shape the domestic and international monetary strategies of the European Central Bank (ECB).

Full Description

Drawing on numerous interviews with high-ranking and founding members of the European Central Bank (ECB), Karl Kaltenthaler identifies and explains the factors that shape the bank's domestic and international monetary strategies. As at all institutions, politics are very much involved in policy-making at the ECB. Kaltenthaler finds that instead of being unconcerned with how the bank's policies impact the citizens of the Eurozone, the central bankers desire to keep the economy healthy. This desire is driven by the central bankers' two primary personal preferences: to appear competent to as much of society as possible and to maintain broad political support for their operational independence. The policy-making model that offers the best roadmap to a healthy economy is that of the German Bundesbank. To secure the long-term needs of the economy, the decisionmakers in the ECB have created a model that attempts to replicate the Bundesbank's success at the European level and to lend credibility to their own policies. Offering unprecedented access to the internal decisionmaking at the ECB, Policymaking in the European Central Bank will interest readers who want to understand this important European institution.

Contents

Chapter 1 Introduction
Chapter 2 The Origins of the ECB
Chapter 3 The Formation of the ECB's Monetary Policy Strategy
Chapter 4 The Structure and Strategy of the ECB
Chapter 5 The ECB's Operating Environment
Chapter 6 The Exchange Rate Challenge
Chapter 7 European Monetary Union Enlargement and the European Central Bank
Chapter 8 Conclusion