Central Banks in the Age of the Euro: Europeanization, Convergence, and Power

Central Banks in the Age of the Euro: Europeanization, Convergence, and Power book cover

Central Banks in the Age of the Euro: Europeanization, Convergence, and Power

Author(s): Kenneth Dyson (Editor), Martin Marcussen

  • Publisher: Oxford University Press
  • Publication Date: October 4, 2009
  • Edition: 1st
  • Language: English
  • Print length: 474 pages
  • ISBN-10: 0199218234
  • ISBN-13: 9780199218233

Book Description

This book brings together a range of recognized academic specialists to examine the main political aspects of this question. How, and in what ways, has the euro Europeanized central banks (members and non-members of the Euro Area)? What have been its effects on the power of central banks and their use of power? Has the euro generated convergence or divergence in central banking? The book offers the first, in-depth and systematic political analysis of central banks in the first decade of the euro. It places the euro in its global and European contexts, including the US Fed and the Australasian central banks, patterns of differentiated integration in European central banking, and the European Central Bank. It offers a set of case studies of its effects on a representative sample of EU central banks (euro ‘insiders’ and ‘outsiders’) and looks at four main thematic areas (monetary policy, financial market supervision, accountability and transparency, and research).

Editorial Reviews

Review

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 book examines the effects of the euro as the new European single currency on the central banks of the member states of the European Union.

Book Description

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 book 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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