Francesco Papadia, Alexander Roth, (2017), “The Eurosystem – Too opaque and costly?”, Bruegel, 6 Νοεμβρίου
The European Central Bank (ECB) and the Eurosystem face a lot ofscrutiny when it comes to monetary policy, but their operational performance attracts less attention. Still, being a public institution, the ECB and the 19 National Central Banks (NCBs), which together form the Eurosystem, have to justify their methods and costs. Thus, this blog post will assess the decentralised implementation of monetary policy by the Eurosystem with particular emphasis on its transparency,operational efficiency, and simplicity. When appropriate, we compare the Eurosystem to its most similar counterpart, the Federal Reserve System (Fed) of the United States.
Σχετικές Αναρτήσεις
- Bindseil, Ulrich, Corsi, Marco, Sahel, Benjamin, Visser, Ad, (2017), «The Eurosystem collateral framework explained», ECB Occasional Paper Series No 189, Μάιος
- Martin Feldstein, (2017), «Europe’s Economic Dilemma», The Project Syndicate, 30 Οκτωβρίου