Top-heavy ECB faces test by the markets

Article Abstract:

The way in which the European Central Bank (ECB) has been structured could have a negative impact on its effectiveness. There is a central executive of six people, headed by Wim Duisenberg, but this will not make decisions about interest rates. These decisions will be the responsibility of the governing council, which is made up of the six executive members and the central bank governors from each of the 11 countries participating in European monetary union. It is likely that there will be clashes between the six executives and the central bank governors.

United Kingdom, Strategy & planning, European Union. European Central Bank

---

The Bank strives to become an invisible referee

Article Abstract:

The Bank of England's Monetary Policy Committee has been behaving in a very unpredictable way over recent months. Furthermore, it seems to be limiting the ability of ordinary people to understand how the UK's new monetary system really operates by encouraging debate about whether the Bank should focus on the inflation target alone or also take steps to create favourable conditions for output. It is difficult to tell which point of view will prevail within the committee, but is clear that base rates should have been raised earlier and much more quickly.

Interest Rates, Planning, Bank of England, Monetary policy

---

Wanted: a game-plan for Europe's central bank

Article Abstract:

The policies of the European Central Bank (ECB) are considered. The need for the ECB to align words with actions is highlighted.

European Central Bank

Similar abstracts:

• Abstracts: The best of the weeder's digest. The answer is blowing in the wind. Good Will hunting hellebores
• Abstracts: Mr Brown has offered the party a vision of his future. The iron chancellor is set to face his sternest test. There are limits to the gullibility of the middle class
• Abstracts: Swine of a job for the men from the ministry. Racing escapes ban as crisis grips countryside
• Abstracts: Radio executives: who's on the right wavelength? They're playing our tune again. 'I love the music, but I'm a businessman first.'
• Abstracts: The inscrutable in pursuit of the unspeakable. The lama behind the drama. The fall and rise of Hitler's punchbag

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.