The ECB governing council in an enlarged euro area
Article
Bénassy-Quéré, Agnès ; Turkisch, Edouard
Journal of Common Market Studies
2009
47
1
January
25-53
centralization ; ECB ; EMU ; EU enlargement ; monetary policy
European Union
English
Bibliogr.
"We study the impact of rotating votes in the ECB Governing Council after EMU enlargement, based on national and euro-wide Taylor rules and on a convergence assumption. We find that the rotation system yields monetary policy decisions that are close both to full centralization and to a voting rule without rotations."
Paper
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