Reforming the European Monetary Policy, a Necessary Action?
It is important that central banks are held accountable for their performance since money is the central nervous system in a modern economy. The European Central Bank has contributed to the money disorder in the Eurozone by creating a huge asset bubble and current account imbalances before and during the financial crisis. There is a big and emerging debate in most parts of the developed world about changing the role for central banks and/or changing the rules used by central banks, but monetary policy in the Eurozone is obviously absent in that discussion. The paper aims to present and explain the need for the European monetary policy to be highly debated at the European level to recognize the vulnerabilities, and why not, reviewed where necessary in order for ECB to become a strong pillar for macroeconomic stability in the region.
Volume (Year): 3 (2016)
Issue (Month): 1 (October)
|Contact details of provider:|| Web page: http://icesba.eu|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- James, Harold, 2012. "Making the European Monetary Union," Economics Books, Harvard University Press, number 9780674066830, Spring.
- Grégory Claeys & Alvaro Leandro & Allison Mandra, 2015. "European Central Bank quantitative easing: the detailed manual," Policy Contributions 872, Bruegel.
- William R. White, 2012. "Ultra easy monetary policy and the law of unintended consequences," Globalization and Monetary Policy Institute Working Paper 126, Federal Reserve Bank of Dallas.
When requesting a correction, please mention this item's handle: RePEc:icb:wpaper:v:3:y:2016:i:1:226-236. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Rocsana Bucea-Manea-Tonis)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.