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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.

Private finance --- Europe --- Banks and banking, Central. --- Banks and banking, Central -- Europe. --- Europe. --- Monetary policy. --- Monetary policy -- Europe. --- AA / International- internationaal --- 334.151.21 --- P09 - Centrale banken en internationale financiële instellingen - Banques centrales et institutions financières internationales --- Banks and banking, Central --- -Monetary policy --- -332.11094 --- Ui1 --- Monetary management --- Economic policy --- Currency boards --- Money supply --- Banker's banks --- Banks, Central --- Central banking --- Central banks --- Banks and banking --- Europese centrale bank. ESCB. Centrale banken. --- Banks and banking [Central ] --- Monetary policy --- Europese centrale bank. ESCB. Centrale banken --- -Private finance --- -Monetary policy -