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Conclusion: the ECB and the Future of Europe

  • David Howarth
  • Peter Loedel

Abstract

The primary objective of this book was to provide a theoretically and historically rich study of the institutional structure and operation of the ECB. In doing so, we have highlighted the historical transformation toward EMU, the institutional set-up of the ECB, and the bank’s independence. We have also evaluated the monetary interests and preferences of key EU member states — Germany, France and the United Kingdom — toward EMU and the ECB. Finally, we briefly analysed the short history of ECB policy-making with a focus on the overarching credibility of the ECB.

Keywords

Monetary Policy European Central Bank Exchange Rate Policy Federal Open Market Committee Governing Council 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Palgrave Macmillan, a division of Macmillan Publishers Limited 2005

Authors and Affiliations

  • David Howarth
    • 1
  • Peter Loedel
    • 2
  1. 1.The School of Social and Political StudiesUniversity of EdinburghUK
  2. 2.Department of Political ScienceWest Chester UniversityUSA

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