The Eastern enlargement of the currency union: Challenges for the ECB's monetary policy

Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Policy
Cover of the book The Eastern enlargement of the currency union: Challenges for the ECB's monetary policy by Michaela Bruckner, GRIN Publishing
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Michaela Bruckner ISBN: 9783638829502
Publisher: GRIN Publishing Publication: July 22, 2007
Imprint: GRIN Publishing Language: English
Author: Michaela Bruckner
ISBN: 9783638829502
Publisher: GRIN Publishing
Publication: July 22, 2007
Imprint: GRIN Publishing
Language: English

Seminar paper from the year 2007 in the subject Business economics - Economic Policy, grade: 2,0, University of Hohenheim (Lehrstuhl für Außenwirtschaft), course: International Institutions, 20 entries in the bibliography, language: English, abstract: The eurozone member countries have agreed to permanently abandon economic policy instruments such as monetary and exchange rate policies and to accept the European Central Bank (ECB) as the decision making body to determine the common monetary policy, notably the interest rates and the money supply. It goes without saying that such an institution is not able to fine-tune its decisions in order to meet particular economic challenges in certain member countries. In this respect, the eastward enlargement of the European Monetary Union (EMU) will bring major challenges to the ECB, as varying inflation rates in different member countries and the determination of a single interest rate may have disruptive consequences. From the viewpoint of the eastward enlargement of the eurozone the paper illustrates the various challenges the ECB inevitably has to face. Further, it describes the reform of the ECB Governing Council. An important question concerning the ECB is the following: Is there a danger for the single European monetary policy from letting Central and Eastern European Countries (CEEC) join the eurozone or from letting them join the eurozone too early?

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Seminar paper from the year 2007 in the subject Business economics - Economic Policy, grade: 2,0, University of Hohenheim (Lehrstuhl für Außenwirtschaft), course: International Institutions, 20 entries in the bibliography, language: English, abstract: The eurozone member countries have agreed to permanently abandon economic policy instruments such as monetary and exchange rate policies and to accept the European Central Bank (ECB) as the decision making body to determine the common monetary policy, notably the interest rates and the money supply. It goes without saying that such an institution is not able to fine-tune its decisions in order to meet particular economic challenges in certain member countries. In this respect, the eastward enlargement of the European Monetary Union (EMU) will bring major challenges to the ECB, as varying inflation rates in different member countries and the determination of a single interest rate may have disruptive consequences. From the viewpoint of the eastward enlargement of the eurozone the paper illustrates the various challenges the ECB inevitably has to face. Further, it describes the reform of the ECB Governing Council. An important question concerning the ECB is the following: Is there a danger for the single European monetary policy from letting Central and Eastern European Countries (CEEC) join the eurozone or from letting them join the eurozone too early?

More books from GRIN Publishing

Cover of the book Cultural cross-dressing and the quest for ethnic identity in Gish Jen's 'Mona in the Promised Land' by Michaela Bruckner
Cover of the book Satire in DeLillo's 'White Noise' by Michaela Bruckner
Cover of the book Hip Hop and the Media in the USA by Michaela Bruckner
Cover of the book Honda's Core Competence by Michaela Bruckner
Cover of the book Das Jüngste Gericht nach Jürgen Moltmann by Michaela Bruckner
Cover of the book Brad Anderson: 'The Machinist' - A Film Review by Michaela Bruckner
Cover of the book Peter Ackroyd and Metafiction. A Brief Introduction by Michaela Bruckner
Cover of the book SWOT Analysis of the EasyJet Airline Company by Michaela Bruckner
Cover of the book The Public Policy of the German Government on the Iraq War by Michaela Bruckner
Cover of the book The Poets and their Times: Wordsworth's - Preface to Lyrical Ballads - and Shelley's - Defence of Poetry - by Michaela Bruckner
Cover of the book The German Consonant Shift by Michaela Bruckner
Cover of the book The motive of the cannibal in Defoe's Robinson Crusoe and Martel's Life of Pi by Michaela Bruckner
Cover of the book Development projects in Northern India by Michaela Bruckner
Cover of the book Die Hintergründe der Entstehung des Lernfeldkonzepts und dessen Bestandteile by Michaela Bruckner
Cover of the book Stock option programmes as a value orientated management instrument by Michaela Bruckner
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy