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Architecture --- Architecture --- Bank buildings --- Office buildings --- Competitions --- History --- European Central Bank --- Buildings. --- Frankfurt am Main (Germany) --- Buildings, structures, etc.

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An examination of the debates on European Central Bank monetary policy, focusing on issues of transparency, credibility, and accountability and the effect of the ECB's decentralized structure.The adoption of the euro in 1999 by 11 member states of the European Union created a single currency area second in economic size only to the United States. The euro zone's monetary policy is now set by the European Central Bank (ECB) and its Governing Council rather than by individual national central banks. This CESifo volume examines issues that have arisen in the first years of ECB monetary policy and analyzes the effect that current ECB policy strategy and structures may have in the future. After a detailed description and assessment of ECB monetary policy making that focuses on such issues as price stability and the predictability of policy decisions, the book turns to two important issues faced by European central bankers: the transparency and credibility of decision making and the ECB's decentralized structure. After showing that transparency in decision making enhances credibility, the book discusses the ECB's efforts at openness, its political independence as guaranteed by law, and its ultimate accountability. The book then considers the effects of the decentralized ECB structure, focusing on business cycle synchronization, inflation differentials, and differences in monetary policy transmission in light of the enlargement of the monetary union. The book also discusses options for ECB institutional reforms, including centralization, vote weighting, and cross-border regional banks.

Banks and banking, Central --- Monetary policy --- European Central Bank. --- ECB --- Banque centrale européenne --- BCE --- Banco Central Europeo --- Banca centrale europea --- Europäische Zentralbank --- Európska centrálna banka --- EZB --- ECONOMICS/Finance --- ECONOMICS/Political Economy

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Banks and banking, Central --- Financial institutions --- Banking law --- Banques centrales --- Institutions financières --- Banques --- Droit --- European Central Bank. --- FINANCIAL AUTHORITIES -- 336 --- EUROPEAN CENTRAL BANK -- 346.7 --- ECB -- 346.7 --- FINANCIAL AUTHORITIES -- 346.7 --- EU -- 336 --- EEC / European Union - EU -Europese Unie - Union Européenne - UE --- 333.111.0 --- 333.139.1 --- -Financial institutions --- -Banking law --- -332.11094 --- Fc3.f --- Banks and banking --- Law, Banking --- Financial intermediaries --- Lending institutions --- Associations, institutions, etc. --- Banker's banks --- Banks, Central --- Central banking --- Central banks --- Algemeenheden. Theoretische en beschrijvende studies. Centrale banken. --- Instellingen voor kredietcontrole. Commissie voor het Bank-en financiewezen. CBFA. --- Law and legislation --- ECB --- Banque centrale européenne --- BCE --- Banco Central Europeo --- Banca centrale europea --- Europäische Zentralbank --- Európska centrálna banka --- Institutions financières --- 332.11094 --- Algemeenheden. Theoretische en beschrijvende studies. Centrale banken --- Instellingen voor kredietcontrole. Commissie voor het Bank-en financiewezen. CBFA --- EZB

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European law --- European Union --- Money --- Monetary unions --- Euro. --- Banks and banking, Central --- Monnaie --- Unions monétaires --- Euro (Monnaie) --- Banques centrales --- Law and legislation --- Droit --- Economic and Monetary Union. --- European Central Bank. --- European Union countries --- Pays de l'Union européenne --- Economic policy. --- Politique économique --- Unions monétaires --- Pays de l'Union européenne --- Politique économique --- Euro --- Banker's banks --- Banks, Central --- Central banking --- Central banks --- Banks and banking --- ECB --- Banque centrale européenne --- BCE --- Banco Central Europeo --- Banca centrale europea --- Europäische Zentralbank --- Európska centrálna banka --- EMU --- WWU --- Europäische Wirtschafts- und Währungsunion --- Unión Económica y Monetaria Europea --- Oikonomikē kai Nomismatikē Henōsē --- ONE --- European Monetary Union --- Talous- ja rahaliitto --- Unione monetaria --- Euroopan talous- ja rahaliitto --- Rahaliitto --- European Economic and Monetary Union --- UME --- Unione monetaria europea --- EWWU --- Unión Monetaria Europea --- Ekonomiska och monetära unionen --- Union monétaire européenne --- Union économique et monétaire européenne --- UEM --- Unia Gospodarcza i Walutowa --- EZB