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The ECB's one size monetary policy is unlikely to fit all euro area members, which raises a discussion about how much monetary policy stress this causes at the national level. We measure monetary policy stress as the difference between actual ECB interest rates and Taylor-rule implied optimal...
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The age of the euro has cast central banks in a newly prominent role in European integration and in macro-economic policy making in Europe. This text examines the effects of the euro as the new European single currency on the central banks of the member states of the European Union
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political issues: an accesible guide.This history and analysis of the euro and the European Central Bank traces the process of … establishment of a single currency managed by a central bank. Tommaso Padoa-Schioppa, a central banker who has been involved in the … making of European monetary unification since 1979, offers an accessible guide to the euro and the European Central Bank for …
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