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How to assess proposals for enlargement reform of the European Central Bank

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  • Piotr Stanek

Abstract

The forthcoming enlargement of the European Union and consequently, within a few years, of the euro area, requires a reformulation of the decision-making framework of the European System of Central Banks. This article serves as a reminder of the reasons for the necessity of this reform, evaluates the solution adopted by the European Council and surveys other reform possibilities. It proposes a coherent and exhaustive set of criteria to judge the European Central Bank enlargement reform, which allows for a numerical assessment. Finally, it indicates another solution, which closely fits the proposed set of criteria. JEL classifications: E52, E58, D70

Suggested Citation

  • Piotr Stanek, 2004. "How to assess proposals for enlargement reform of the European Central Bank," Revue de l'OFCE, Presses de Sciences-Po, vol. 91(5), pages 209-239.
    • Handle: RePEc:cai:reofsp:reof_075_0209
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    Cited by:

    1. Farvaque Etienne & Hammadou Hakim & Stanek Piotr, 2011. "Selecting Your Inflation Targeters: Background and Performance of Monetary Policy Committee Members," German Economic Review, De Gruyter, vol. 12(2), pages 223-238, May.
    2. Schulze, Lasse, 2005. "Reform der Abstimmungsregeln und Inflationspräferenz im EZB-Rat," Wirtschaftsdienst – Zeitschrift für Wirtschaftspolitik (1949 - 2007), ZBW - Leibniz Information Centre for Economics, vol. 85(11), pages 724-730.

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    More about this item

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General

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