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How should large and small countries be represented in a currency union?

Berger, Helge; Müller, Till - Fachbereich Wirtschaftswissenschaft, Freie Universität … - 2004

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 question. Optimal voting weights reflect two opposing forces: the wish to …

Persistent link: https://www.econbiz.de/10009323158

How should large and small countries be represented in a currency union?

Berger, Helge; Mueller, Till - In: Public Choice 132 (2007) 3, pp. 471-484

Persistent link: https://www.econbiz.de/10005705910

How Should Large and Small Countries Be Represented in a Currency Union?

Berger, Helge; Mueller, Till - CESifo - 2004

Persistent link: https://www.econbiz.de/10005094239

Banzhaf value for games analyzing voting with rotation

Sosnowska, Honorata - In: Operations Research and Decisions 4 (2014), pp. 75-88

In this paper we shall present the voting procedure with rotation scheme used by the Governing Council of the European …

Persistent link: https://www.econbiz.de/10011157048

Is 2 % the optimal inflation rate for the Euro Area?

Caraballo, Ma; Efthimiadis, Tilemahos - In: International Economics and Economic Policy 9 (2012) 3, pp. 235-243

According to the relevant literature, monetary policy implications concerning the optimal inflation rate can be derived by examining the relationship between inflation and the Relative Price Variability (RPV). This paper studies this issue for selected Euro Area (EA) countries, using monthly...

Persistent link: https://www.econbiz.de/10010988323

The European Central Bank and the Financing Conditions of Small and Medium-Sized Enterprises in Europe

Belke, Ansgar; Verheyen, Florian - In: Rivista di Politica Economica (2014) 2, pp. 199-215

the euro area. Claims have emerged that the ECB should more explicitly address the financing problems of SMEs. In this …

Persistent link: https://www.econbiz.de/10010858714

Fifteen Years of Single Monetary Policy in the Euro Area: A Bird’s Eye View, Effects on Italian Banks During the Crisis, and Lessons to Draw

Chiorazzo, Vincenzo; Morelli, Pierluigi - In: Rivista di Politica Economica (2014) 2, pp. 71-88

In the first fifteen years of its life the ECB has delivered price stability through an accommodative monetary policy …

Persistent link: https://www.econbiz.de/10010858736

regulatory responses to the financial crisis: an interim assessment

Davies, Howard - Palgrave Macmillan

The global financial crisis that started in 2007 exposed the failure of governments and legislative bodies to regulate the banking industry adequately at a national and global level. Post-crisis reforms and structural changes have ensued: the switch from the G7 to the G20 for example and an...

Persistent link: https://www.econbiz.de/10010861110

Sovereign Default Risk and Banks in a Monetary Union

Uhlig, Harald - CESifo - 2013

This paper seeks to understand the interplay between banks, bank regulation, sovereign default risk and central bank guarantees in a monetary union. I assume that banks can use sovereign bonds for repurchase agreements with a common central bank, and that their sovereign partially backs up any...

Persistent link: https://www.econbiz.de/10010877795

Last Call for a Banking Union in the Euro Area

Valiante, Diego - In: Applied Economics Quarterly (formerly: Konjunkturpolitik) 58 (2012) 2, pp. 153-170

The current monetary policy framework to avert the ongoing financial disintegration in the eurozone and to break the vicious circle that ties up banks and governments in a death grip (liquidity ring-fencing) does not allow effective policies to deal properly with the problems affecting interbank...

Persistent link: https://www.econbiz.de/10010883601

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