Conclusion: the ECB and the Future of Europe

David Howarth and Peter Loedel
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David Howarth: University of Edinburgh
Peter Loedel: West Chester University

Chapter 7 in The European Central Bank, 2005, pp 186-210 from Palgrave Macmillan

Abstract: Abstract The primary objective of this book was to provide a theoretically and historically rich study of the institutional structure and operation of the ECB. In doing so, we have highlighted the historical transformation toward EMU, the institutional set-up of the ECB, and the bank’s independence. We have also evaluated the monetary interests and preferences of key EU member states — Germany, France and the United Kingdom — toward EMU and the ECB. Finally, we briefly analysed the short history of ECB policy-making with a focus on the overarching credibility of the ECB.

Keywords: Monetary Policy; European Central Bank; Exchange Rate Policy; Federal Open Market Committee; Governing Council (search for similar items in EconPapers)
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-50311-3_7

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DOI: 10.1057/9780230503113_7

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