In this article we analyse issues relating to the design of the future European Central Bank. This design is very much influenced by the differences in incentives to join EMU by its prospective members. We. therefore, start by highlighting these differences using the well-known Barro-Gordon model. We then analyse further issues relating to political independence and accountability of central banks
Do you manage Open Research Online? Become a CORE Member to access insider analytics, issue reports and manage access to outputs from your repository in the CORE Repository Dashboard! 👇
No full text
