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Control monetario dentro de la UME; ¿centralización o descentralización?

Author

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  • María José Gutiérrez

    (Profesor Titular Interino Universidad del País Vasco e Instituto de economía Pública)

Abstract

This paper analyzes how the monetary policy process may be implemented in a monetary cooperation context such as the Maastricht Treat proposed. We will examine how the Maastricht Treat designs the structure of the European Central Bank System during the third stage trough the Economic and Monetary Union. Particularly, we will analyze the advantages and disadvantages of descentralizing the monetary policy between the European Central Bank and the national banks inside the European System of Central Banks.

Suggested Citation

  • María José Gutiérrez, 1994. "Control monetario dentro de la UME; ¿centralización o descentralización?," EKONOMIAZ. Revista vasca de Economía, Gobierno Vasco / Eusko Jaurlaritza / Basque Government, vol. 28(01), pages 176-191.
    • Handle: RePEc:ekz:ekonoz:1994108
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    More about this item

    Keywords

    Unión monetaria; política monetaria;

    JEL classification:

    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets

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