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Preparing the ECB for enlargement

Author: Richard E Baldwin; Centre for Economic Policy Research (Great Britain)
Publisher: London : Centre for Economic Policy Research, ©2001.
Series: CEPR policy paper, no. 6.
Edition/Format:   Print book : EnglishView all editions and formats
Database:WorldCat
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Material Type: Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: Richard E Baldwin; Centre for Economic Policy Research (Great Britain)
OCLC Number: 48612209
Description: xiv, 33, [1] pages : illustrations ; 29 cm.
Contents: 1. Introduction --
1.1. structure of our argument --
2. ECB enlargement: As early as June 2005? --
2.1. Maastricht criteria and procedures --
3. new ECB members will be quite different, and this matters --
4. Decision-making in an enlarged and unreformed Governing Council --
4.1. Current voting rules and shadow voting --
4.2. Executive Board's power to lead --
4.3. hypothetical alliance in an enlarged Governing Council --
4.4. Status quo bias in an enlarged and unreformed ECB --
5. Reform options: New voting rules for the Governing Council --
5.1. 'ideal' central bank --
5.2. Three reform options --
6. Problems with representation and rotation --
6.1. Accountability --
6.2. Political acceptability --
6.3. Under rotation or representation the Council might fail to make the appropriate monetary policy decisions --
7. Recommendation --
7.1. Analogy with competition policy --
8. Modalities: The Commission's opportunity and duty --
8.1. Article 5 --
8.2. Who moves first? --
8.3. Postponing is not an option --
8.4. responsibility of the Commission --
8.5. Timing: reform before enlargement. App. Article 5 of the Nice Treaty and relevant articles of the ECB Statutes.
Series Title: CEPR policy paper, no. 6.
Responsibility: Richard E. Baldwin [and others].

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