The ECB and Euro-Area Enlargement:
The likely enlargement of euro-area membership will radically change the environment under which monetary policy will be made in the euro area. Within less than a decade, the number of member countries in the euro area could more than double, with the vast majority of accession countries being relat...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2002
|
| Schriftenreihe: | IMF Working Papers
Working Paper No. 02/175 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Zusammenfassung: | The likely enlargement of euro-area membership will radically change the environment under which monetary policy will be made in the euro area. Within less than a decade, the number of member countries in the euro area could more than double, with the vast majority of accession countries being relatively small in economic terms, compared with current members. Absent reforms, such a significant but asymmetric expansion could impede the effectiveness of the institutional policymaking process of the European Central Bank (ECB) and be seen by some as resulting in the overrepresentation of small member countries in the ECB Council. The paper illustrates these issues, describes the principles on which reforms of the ECB statute could build, and discusses four specific institutional reform scenarios. The analysis coincides with the ECB Council being scheduled to present suggestions for reform by late 2002 |
| Beschreibung: | 1 Online-Ressource (55 p) |
| ISBN: | 1451858760 9781451858761 |
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| index_date | 2024-07-03T20:13:22Z |
| indexdate | 2024-07-10T09:35:30Z |
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| spelling | Berger, Helge Verfasser aut The ECB and Euro-Area Enlargement Berger, Helge Washington, D.C International Monetary Fund 2002 1 Online-Ressource (55 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 02/175 The likely enlargement of euro-area membership will radically change the environment under which monetary policy will be made in the euro area. Within less than a decade, the number of member countries in the euro area could more than double, with the vast majority of accession countries being relatively small in economic terms, compared with current members. Absent reforms, such a significant but asymmetric expansion could impede the effectiveness of the institutional policymaking process of the European Central Bank (ECB) and be seen by some as resulting in the overrepresentation of small member countries in the ECB Council. The paper illustrates these issues, describes the principles on which reforms of the ECB statute could build, and discusses four specific institutional reform scenarios. The analysis coincides with the ECB Council being scheduled to present suggestions for reform by late 2002 Online-Ausg http://elibrary.imf.org/view/IMF001/06903-9781451858761/06903-9781451858761/06903-9781451858761.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Berger, Helge The ECB and Euro-Area Enlargement |
| title | The ECB and Euro-Area Enlargement |
| title_auth | The ECB and Euro-Area Enlargement |
| title_exact_search | The ECB and Euro-Area Enlargement |
| title_exact_search_txtP | The ECB and Euro-Area Enlargement |
| title_full | The ECB and Euro-Area Enlargement Berger, Helge |
| title_fullStr | The ECB and Euro-Area Enlargement Berger, Helge |
| title_full_unstemmed | The ECB and Euro-Area Enlargement Berger, Helge |
| title_short | The ECB and Euro-Area Enlargement |
| title_sort | the ecb and euro area enlargement |
| url | http://elibrary.imf.org/view/IMF001/06903-9781451858761/06903-9781451858761/06903-9781451858761.xml |
| work_keys_str_mv | AT bergerhelge theecbandeuroareaenlargement |