3 X 2 Concrete Proposals for Strengthening the Eurosystem

Lorenzo Bini Smaghi and Daniel Gros
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Lorenzo Bini Smaghi: Italian Treasury

Chapter 7 in Open Issues in European Central Banking, 2000, pp 171-175 from Palgrave Macmillan

Abstract: Abstract The first six chapters of this book discussed the strengths and weaknesses of the Eurosystem. The overall picture that emerges is that of an institution whose foundations are still weak. Our analysis suggests that reforms are required in several areas. We summarize them here under six concrete proposals. These recommendations should be seen as a stimulus for further discussion. We do not pretend to offer a solution to all the problems. Nevertheless, we believe that the issues that we have identified are of concern even for the achievement of the ECB’s primary objective. It is imperative therefore that a solution be found.

Keywords: Monetary Policy; Balance Sheet; European Central Banking; Banking Supervision; Governing Council (search for similar items in EconPapers)
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-333-98188-7_8

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DOI: 10.1057/9780333981887_8

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