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regimes, and independent central banks with more staff tend to have larger boards. -- Committee ; council ; governance …
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statistical and quantitative terms. Finally, there is evidence that addressing governance problems and ensuring flexibility in …. -- German Länder ; fiscal policy ; public spending ; public debt ; extreme bounds analysis ; governance. …
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The pending enlargement of the European Monetary Union (EMU) has brought to the fore the discussion of the voting right distribution in the European Central Bank (ECB) council. We show that, in a model where labor unions internalize the inflationary consequences of wage setting, deviating from a...
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The likely extension of the euro area has triggered a debate on the organization of the ECB, in particular on the apparent mismatch between relative economic size and voting rights in the Council. We present a simple model of optimal representation in a federal central bank addressing this...
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