Lengwiler, Yvan and Orphanides, Athanasios. (2020) Options for the ECB's Monetary Policy Strategy Review. Study, (PE 652.753).
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Abstract
The ECB is the most important institution for the success of the EMU. It started successfully but the crisis revealed weaknesses related to the incomplete nature of the EMU. The ECB was too timid in using its power, which deepened the euro crisis and led to divergences that threaten the viability of the EMU. With suitable modifications of its monetary policy strategy, and better use of the authority delegated to it, the ECB could greatly improve its success in fulfilling its mandate.
| Faculties and Departments: | 06 Faculty of Business and Economics > Departement Wirtschaftswissenschaften > Professuren Wirtschaftswissenschaften > Finanzmärkte (Lengwiler) |
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| UniBasel Contributors: | Lengwiler, Yvan |
| Item Type: | Working Paper |
| Publisher: | European Parliament, ECON Committee |
| ISBN: | 978-92-846-7143-4 |
| e-ISBN: | 978-92-846-7142-7 |
| Number of Pages: | 94 |
| Note: | Publication type according to Uni Basel Research Database: Discussion paper / Internet publication |
| Language: | English |
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| Last Modified: | 09 Oct 2020 08:32 |
| Deposited On: | 09 Oct 2020 08:32 |
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