How to assess proposals for enlargement reform of the European Central Bank

Piotr Stanek

Revue de l'OFCE, 2004, vol. 91 bis, issue 5, 209-239

Abstract: The forthcoming enlargement of the European Union and consequently, within a few years, of the euro area, requires a reformulation of the decision-making framework of the European System of Central Banks. This article serves as a reminder of the reasons for the necessity of this reform, evaluates the solution adopted by the European Council and surveys other reform possibilities. It proposes a coherent and exhaustive set of criteria to judge the European Central Bank enlargement reform, which allows for a numerical assessment. Finally, it indicates another solution, which closely fits the proposed set of criteria. JEL classifications: E52, E58, D70

JEL-codes: D70 E52 E58 (search for similar items in EconPapers)
Date: 2004
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Citations: View citations in EconPapers (2)

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