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The European Central Bank

Author

Listed:
  • Binder, Michael
  • Wieland, Volker

Abstract

The establishment of the ECB and with it the launch of the euro has arguably been a unique endeavor in economic history, representing an important experiment in central banking. This note aims to summarize some of the main lessons learned from this experiment and sketch some of the prospects for the ECB. It is written for /The New Palgrave Dictionary of Economics/, 2nd edition.

Suggested Citation

  • Binder, Michael & Wieland, Volker, 2006. "The European Central Bank," CFS Working Paper Series 2007/03, Center for Financial Studies (CFS).
    • Handle: RePEc:zbw:cfswop:200703
    as

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    File URL: https://www.econstor.eu/bitstream/10419/25504/1/527622109.PDF
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    References listed on IDEAS

    as
    1. Issing,Otmar & Gaspar,Vitor & Angeloni,Ignazio & Tristani,Oreste, 2001. "Monetary Policy in the Euro Area," Cambridge Books, Cambridge University Press, number 9780521788885, January.
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    Cited by:

    1. Issing Otmar & Wieland Volker, 2013. "Monetary Theory and Monetary Policy: Reflections on the Development over the last 150 Years," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 233(3), pages 423-445, June.
    2. Andrés González & Lavan Mahadeva & Diego Rodríguez & Luis Rojas, 2011. "Overcoming the Forecasting Limitations of Forward-Looking Theory Based Models," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, vol. 29(66), pages 246-294, December.

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    More about this item

    Keywords

    Central Banking; European Central Bank; Euro; Monetary Union;
    All these keywords.

    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

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