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Palgrave Macmillan

Open Issues in European Central Banking

  • Book
  • © 2000

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About this book

With the start of EMU, the Eurosystem has taken over monetary policy for the 11 countries of the Euro-area. But the division of powers within the Eurosystem, between the European Central Bank and the constituent National Central Banks, is not satisfactory. This volume provides an analysis of the strengths and weaknesses of the Eurosystem and offers concrete proposals concerning the decision-making organs, balance sheets and the distribution of seigniorage.

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Table of contents (8 chapters)

Authors and Affiliations

  • Italian Treasury, Rome, Italy

    Lorenzo Bini Smaghi

  • Centre for European Policy Studies, Brussels, Belgium

    Daniel Gros

About the authors

LORENZO BINI SMAGHI is Deputy Director for International Affairs at the Italian Treasury, Rome.

DANIEL GROS is Deputy Director and Senior Research Fellow, Centre for European Policy Studies, Brussels (CEPS), Head of Economic Policy Programme.

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