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Foundations of European central bank policy : International workshop : Revised selected papers and discussions by Wolfgang Gebauer (auth.), Professor Dr. Wolfgang Gebauer (eds.) is a nonfiction available to read on EtoBox.

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European central bank policy is already taking place today in an informal way. It comprises, in short, European exchange rate management and interest rate policy decisions within and without the European Monetary System (EMS). A focal point of such policy actions are the money market operating targets of European Central Banks. Those central bank policies appear to be dominated, however, by the Deutsche Bundesbank. This has caused recurring critical discussion of European asymmetries and German leadership in monetary stabilization pOlicies, before and after the EMS turbulences of September 1992. However, it should be pointed out that German dominance has increasingly evolved in a cooperative way, ever since the Committee of European Central Bank Governors began to meet regularly in 1964; the Basle-Nyborg accord of 1987 formed a further stage of cooperative efforts within the EMS. Presently, a small group of countries (including Benelux and Austria) generally follows, after prior 'concertation', German monetary policy patterns. In this narrow sense, there exists a European central bank policy within a "Deutsche-Mark-Zone". In a broader sense, European central bank policy is shaped,

Who reads Foundations of European central bank policy : International workshop : Revised selected papers and discussions?

Author

Wolfgang Gebauer (auth.), Professor Dr. Wolfgang Gebauer (eds.)

Publisher

Physica-Verlag Heidelberg

Published

1993

Language

EN

ISBN

9783790806908

Category

nonfiction

Subjects

Business, Economics